Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The firm's fixed costs are $100 000, variable cost per unit is $10 and selling price per unit is $30. The break-even point in units

The firm's fixed costs are $100 000, variable cost per unit is $10 and selling price per unit is $30. The break-even point in units is

Select one:

20 000

10 000

5 000

3 333

Sentosa Products

Sentosa Products sells a unique item with the following information available:

Sales price

$20 per unit

Variable costs

$6 per unit

Fixed costs

$1 per unit

Units produced and sold

1000

What is the contribution margin per unit?

Select one:

increase by $13

increase by $14

increase by $19

increase by $20

Michael Hills Jewellery Pty Ltd has the following information available from last year for one of its silver jewellery products:

Sales revenue

$30000

Variable costs

4 950

Fixed costs

4 000

Net income

$21050

If the silver jewellery had a sales price of $30 per unit, what is the contribution margin per unit?

Select one:

$34.95

Cannot be determined

$25.05

$21.05

Adamia Corporation sells a unique product with the following information available:

Sales price

$170 per unit

Variable costs

$50 per unit

Fixed costs

$20000

Units produced and sold

2500

What is the contribution margin ratio?

Select one:

61.18%

41.67%

2.40%

70.59%

ILS Software Pty Ltd has the following information available from last year for one of its software products:

Sales revenue

$30000

Variable costs

4 950

Fixed costs

4 000

Net income

$21050

If the software had a sales price of $30 per unit, what is the variable cost per unit?

Select one:

$25.05

$165.00

$4.95

$0.20

Which of the options below shows the schedule of cash payments for the materials and services the firm purchased on credit, and all cash payments for services?

Select one:

Cash receipts budget.

Overhead budget.

Selling and administrative expense budget.

Cash payments budget.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

7th Edition

0077480015, 9780077480011

More Books

Students also viewed these Accounting questions