Test Chapter 19 V2 1. Ass ume a company sells a given product for $46 per unit. How many units must be sold to break even if variable selling costs are $6 per unit, variable production costs are $25 per unit, and total fixed costs are $12,000,000? A. 691,000 units. B. 800,000 units. C. 529,412 units D. 781,000 units. E. None of the above. 2. Which of the following best describes costs assigned to the product under the absorption costing method? Direct labor (DL) Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative Direct materials (DM) Variable selling and administrative A. DL, DM, variable selling and administrative costs, and variable manufacturing overhead 8. DL, DM, and variable manufacturing overhead C. DL, DM, variable manufacturing overhead, and fixed manufacturing overhead. D. DL and DM. E. DL, DM, flxed selling and administrative, and fixed manufacturing 3. Chance, Inc. sold 3,000 units of its product at a price of $72 per unit. Total variable cost per unit is $51, consisting of $32 in variable production cost and $19 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing A. $96,000 B. C. $120,000 D. $216,000 E. ($90,000) $63,000 4. A company reports the following information for its first year of operations: 43,000 units Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 39,000 units $0.57 per unit 50.83 per unit $26,660 in total ? in total If the company's cost per unit of finished goods using variable costing is $2.02, what is the amount of total fixed overhead? A. B. $26,660 $35,690 C. $24,510 D. $40,214 E. Cannot be determined from the given data