Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 19 Swifty Corporation sells 150000 units for $12 a unit. Fixed costs are $350000 and net income is $200000. What should be reported as

image text in transcribedimage text in transcribedimage text in transcribed

Question 19 Swifty Corporation sells 150000 units for $12 a unit. Fixed costs are $350000 and net income is $200000. What should be reported as variable expenses in the CVP income statement? O $1600000. 0 $1250000. O $550000. 0 $1450000. Question 20 A company has total fixed costs of $150000 and a contribution margin ratio of 30%. The total sales necessary to break even are O $195000. O $350000. O $500000. 0 $125000. Question 21 A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $140000. The number of units the company must sell to break even is 0 70000 units. 0 46667 units. 0 28000 units. 0 280000 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Debunked An Auditor Reviews The 2020 Election And The Lessons Learned

Authors: Joseph Fried

1st Edition

1645720756, 978-1645720751

More Books

Students also viewed these Accounting questions

Question

What is topology? Explain with examples

Answered: 1 week ago