Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 17 (Ch6) A high degree of operating leverage Not yet answered Select one: Points out of 1.00 O a. is calculated by dividing fixed
Question 17 (Ch6) A high degree of operating leverage Not yet answered Select one: Points out of 1.00 O a. is calculated by dividing fixed costs by contribution margin. b. exposes a company to greater earnings-volatility risk. P Flag question c. exposes a company to less earnings-volatility risk. O d. indicates that a company has a larger percentage of variable costs relative to its fixed costs. Question 18 Not yet answered (Ch5.2) Candle Co. has sales of $200,000 this month, contribution margin of $100,000, monthly fixed cost of $80,000 and profit of $20,000. What is the firm's current margin of safety ratio to sales [ie., safety margin ratio]? (rounded) Points out of 1.00 Select one: Flag question a. 0.40. b. 0.25. c. 0.20. O d. All listed choices are incorrect. Question 19 Not yet answered [Ch4] Brannon Company manufactures ceiling fans and uses an activity-based costing system to allocate all manufacturing overhead costs. Each ceiling fan consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. The Cost Allocation Rates for activities are as follows: Material handling $ 0.08 per part; Machining $7.20 per machine hour; Assembling $0.35 per part; Packaging $2.70 per finished unit. What is the total manufacturing overhead cost per ceiling fan, not including the direct materials? (rounded) Points out of 1.00 Flag question Select one: O a. All listed choices are incorrect. O b. $29.30 O c. $124.30 d. $10.33 Question 20 (Ch5.2) Marshall Company had actual sales of $400,000 when break-even sales were $300,000. What is the margin of safety ratio? (rounded) Not yet answered Points out of 1.00 Select one: a. 30% P Flag question b. 25% c. 3313% O d. All listed choices are incorrect
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started