Question 18 View Policies Current Attempt in Progress Sheffield Corp. has fixed costs of $1700000 and variable costs are 20% of sales. What are the required sales if Sheffield desires net income of $300000? o $10000000 $8500000 $2500000 $2125000 Save for Later Attempts: 0 of 1 used Submit Answer --/3 Question 24 View Policies Current Attempt in Progress Crane Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $5 of variable costs to make. During April, 500 drives were sold. Fixed costs for April were $1500. How much does Crane's operating income increase for each $1000 increase in revenue per month? O Not enough information to determine the answer. $750. o $10000. $500. Save for Later Question 28 --/3 View Policies Current Attempt in Progress Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $336000; and legal support, $168000. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit Tax $50000 $100000 40000 10000 200 800 Overhead applied to tax services using traditional costing is $168000. $302400. $336000 $201600 Question 47 View Policies Current Attempt in Progress Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 60% for Sporting Goods and 40% for Sports Gear. Swifty incurs $6680000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. The weighted-average contribution margin ratio is! 42%. 38% 40%. 40%. Save for Later Attempts: 0 of 1 used Submit