Recently, the cost of direct materials for Product X decreased. Thus, the variable cost per unit of Product X decreased. Due to this, __________.

a) the break-even point of Product X decreased

b) the break-even point of Product X increased

c) the break-even point of Product X remained the same

d) the break-even point of Product X increased or decreased, depending upon the percentage decrease in direct materials costs

- Sales price per unit = $25 Variable cost per unit = $15 Total fixed costs = $10,000

At an actual sales of 2,000 units, what is their margin of safety ratio?

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Variable costs of $30 per unit Sales price of $70 per unit

If the company sells one unit more, by how much will net income increase?

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If Gibby Company's accounting records report total assets of $600,000 and total stockholders' equity of $200,000, what are its total liabilities?

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Gibby Company applies overhead on the basis of machine hours used. Overhead costs for the year are estimated to be $300,000 and machine hours used are estimated to be 125,000 hours for the year.

In the first month of the year, $26,000 of overhead costs were incurred and 12,000 machine hours were used. For the remainder of the year, $279,000 of overhead costs were incurred and 132,000 machine hours were used.

The predetermined overhead rate is $______ per machine hour used.