Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 19,200 29,600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit? Your Answer: Question 1 options: Answer Save Question 2 (1 point) Question 2 Unsaved Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: January February March April May June July Number of rooms cleaned 250 160 200 150 270 170 260 Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,640 $4,200 $6,530 How much are estimated monthly variable costs using the high-low method? Your Answer: Question 2 options: Answer Save Question 3 (1 point) Question 3 Unsaved A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a Question 3 options: mixed cost step cost variable cost fixed cost Save Question 4 (1 point) Question 4 Unsaved Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $186,800, how many dollars of revenue must the company generate in order to reach the break-even point? Your Answer: Question 4 options: Answer Save Question 5 (1 point) Question 5 Unsaved Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16.00 per book Variable cost per unit: Production $4.00 Selling & administrative 2.00 Fixed costs: Production $91,600 per year Selling & administrative 21,900 per year How many units must be sold to break-even? Your Answer: Question 5 options: Answer Save Question 6 (1 point) Question 6 Unsaved The use of fixed cost to increase profits at a rate faster than sales increase is called: Question 6 options: ?What if ? analysis C-V-P analysis operating leverage contribution margin approach Save Question 7 (1 point) Question 7 Unsaved Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit variable cost is $35, and the fixed costs per month are $5,000. The margin of safety is: Your Answer: Question 7 options: Answer Save Question 8 (1 point) Question 8 Unsaved Which of the following statements about the relevant range is true? Question 8 options: Cost functions outside the relevant range are usually linear The relevant range is the normal length of time in a company?s accounting period Estimates outside the relevant range are useful Cost functions within the relevant range are assumed to be linear Save

Thomas Train has collected the following information over the last six months. Month March April May June July August Units produced Total costs 10,000 $25,600 12,000 26,200 19,200 29,600 13,000 26,450 12,000 26,000 15,000 26,500 Using the high-low method, what is the variable cost per unit? Your Answer: Question 1 options: Answer Save Question 2 (1 point) Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: January Number of rooms cleaned Cleaning cost February March April May 250 160 200 150 270 170 $6,450 $4,060 $5,100 $4,100 $6,640 $4,200 How much are estimated monthly variable costs using the high-low method? Your Answer: Question 2 options: Answer Save Question 3 (1 point) A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a Question 3 options: mixed cost step cost variable cost fixed cost June Save Question 4 (1 point) Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $186,800, how many dollars of revenue must the company generate in order to reach the break-even point? Your Answer: Question 4 options: Answer Save Question 5 (1 point) Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price Variable cost per unit: Production Selling & administrative Fixed costs: Production Selling & administrative $16.00 per book $4.00 2.00 $91,600 per year 21,900 per year How many units must be sold to break-even? Your Answer: Question 5 options: Answer Save Question 6 (1 point) The use of fixed cost to increase profits at a rate faster than sales increase is called: Question 6 options: \"What if \" analysis C-V-P analysis operating leverage contribution margin approach Save Question 7 (1 point) Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit variable cost is $35, and the fixed costs per month are $5,000. The margin of safety is: Your Answer: Question 7 options: Answer Save Question 8 (1 point) Which of the following statements about the relevant range is true? Question 8 options: Cost functions outside the relevant range are usually linear The relevant range is the normal length of time in a company's accounting period Estimates outside the relevant range are useful Cost functions within the relevant range are assumed to be linear Save