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QUESTION 23 Boise, Inc. makes two products. Product X sells for $10,000 per unit with variable costs of $4,800 per unit. Product Y sells for
QUESTION 23 Boise, Inc. makes two products. Product X sells for $10,000 per unit with variable costs of $4,800 per unit. Product Y sells for $24,000 per unit with variable costs of $18,000 per unit. The firm's fixed costs are $300,000 per year. How many units of each product must be sold next year in order for Boise to break even, assuming that the firm sells five units of Product X for every two units of Product Y sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) CA. 16 units of Product X and 39 units of Product Y B 39 units of Product X and 16 units of Product Y OC 8 units of Product X and 7 units of Product Y OD 7 units of Product X and 8 units of Product Y QUESTION 24 Which of these statements is true of an income statement for external financial reporting? O A It shows the value of the firm's contribution margin. OB It is prepared under the variable costing method. c. It is prepared under the absorption costing method. OD It treats fixed manufacturing costs as period costs. QUESTION 25 Which of these statements is true about variable costing? A Fixed manufacturing overhead is considered a product cost under variable costing. DB. A variable costing income statement shows the firm's contribution margin. c Variable costing is used for external reporting. D A variable costing income statement shows the firm's gross profit
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