QUESTION 27 1. The Cape Cod Cotton Candy Company had the following information available regarding last year's operations: Sales (100,000 units) Variable costs Contribution margin $200,000 100.000 100,000 50,000 50,000 Fixed costs Net Income if sales were to increase by 200 units, what would be the effect on net income? CA $200 increase 8. $200 loss C5400 increase D.$100 increase E.$150 increase QUESTION 28 1. Expressing contribution margin as a percentage of sales A is particularly useful to multiproduct firms B. prohibits a company from calculating break-even. is encouraged when a company has large fred costs. Dis not possible if variable cost per unit is constant. E. is easier using calculus QUESTION 29 1. Which phrase best describes the current role of the managerial A Managerial accountants facilitate the decision-making process within an organization 8. Managerial accountants are primarily information collectors. c c Managerial accountants are solelyaf advisors in an organization D. Managerial accountants make the key decisions within an organization. E. Managerial accountants prepare the financial statements for an organization