Quiz 3 Spring 2023 Chocolate Delight Corporation manufactures and sells two products: Chocolate Bars and Chocolate Covered Raisins. The operating results for 2021 are as follows: Sales in units Sales price/unit Variable Costs/unit Bars Raisins 5,000 15,000 $5 $4 2 3 In addition, the company incurred total fixed costs of $75,000. 1. How many total units would the company need to break-even in 2021? 2. A. 50,000 B. 40,000 C. 12,500 D. 37,500 Consistent with #1 above, how many Chocolate Bars would the company need to break-even in 2021? A. 50,000 B. 40,000 C. 12,500 D. 37,500 3. Consistent with #1 above, how many Chocolate Raisins would the company need to break-even in 2021? A. 50,000 B. 40,000 C. 12,500 D. 37,500 4. How many total units would the company have needed to sell in 2021 to produce a profit of $225,000? A. 200,000 B. 150,000 C. 75,000 D. 50,000 5. How many Chocolate Bars would the company have needed to sell in 2021 to produce a profit of $225,000? A. 200,000 B. 150,000 C. 75,000 D. 50,000 6. How many Chocolate Raisins would the company have needed to sell in 2021 to produce a profit of $225,000? A. 200,000 B. 150,000 C. 75,000 D. 50,000 What would have been the total Margin of Safety if the company had actual production of 50,000 Chocolate Bars and 40,000 Chocolate Raisins in 2021? 2,500 7. A. B. 10,000 C. 37,500 D. 40,000 8. What would have been Chocolate Delight's total contribution margin if the company had actual production of 50,000 Chocolate Bars and 40,000 Chocolate Raisins in 2021? A. B. C. D. $180,000 $ 40,000 $150,000 $190,000 9. What would have been the Chocolate Delight's total income if the company had actual production of 50,000 Chocolate Bars and 40,000 Chocolate Raisins in 2021? A. $115,000 B. $190,000 C. $ 40,000 D. $180,000 10. Based on questions 8 and 9 above, what would have been the degree of operating leverage for the entire Chocolate Delight Corporation in 2021? A. 1.30 B. .35 C. 1.65 ABCD D. .75