Question 2 (0.5 points) You are currently working a 40-hour workweek for $15 an hour. The only accounting course you are able to enroll in will require that you reduce your workweek to 35 hours. The accounting course and materials will cost $450. Transportation to and from college will cost $10 per week for 12 weeks. What is your opportunity cost if you decide to enroll in the accounting course? $450 $630 $900 $570 $600 Question 3 (0.5 points) Consider the following: Variable expense of producing 70,000 units @ $280,000 $4 per unit Fixed expenses of production 70,000 units $300,000 Current revenues from 70,000 units @ $10 per $700,000 unit The company has no excess capacity. Which of the following is true if the company accepts a special offer of $8 per unit for 10,000 units? The company should accept the special offer. The company will have a $60,000 loss from the special offer. The per-unit fixed cost will increase. Both (B) and (C) are true. None of the above is true. Question 4 (0.5 points) Consider the following: All Paint Departments Department Contribution Margin $230,000 $20,000 Fixed expenses: Manager salaries $120,000 $18.000 Depreciation, building 18,000 4,000 Insurance, inventory 12,000 3,000 Profit (loss) $80,000 ($5,000) If the Paint Department is discontinued, what will be the change in profit or loss for the company? Profit (loss) $80,000 ($5,000) If the Paint Department is discontinued, what will be the change in profit or loss for the company? Profit will increase $5,000. O Profit will decrease $2,000. O Profit will increase $1,000. O Profit will increase $18,000. Profit will increase $17,000. Question 5 (1 point) A study has been conducted to determine if Product A should be dropped. Sales of the product total $400,000 per year; variable expenses total $270,000 per year. Fixed expenses charged to the product total $160,000 per year. The company estimates that $70,000 of these fixed expenses are not avoidable even if the product is dropped. If Product A is dropped, the company's overall net operating income would: decrease by $40,000 per year increase by $40,000 per year decrease by $30,000 per year O increase by $30,000 per year