Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

UF Cervas Question 13 2 A pts Acme Company's operating income is $8,000 per month. Acme's variable costs are 30% of its sales revenue and

image text in transcribed

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

UF Cervas Question 13 2 A pts Acme Company's operating income is $8,000 per month. Acme's variable costs are 30% of its sales revenue and Acme's degree of operating leverage is 1.50. What are Acme's fuced costs per month? 0 $12,000 $5,600 O $4,000 $ $3,600 Question 14 2.4 pts Bison Enterprises sells a single product at a selling price of $55 per unit. Variable costs are $22 per unit and total fixed costs are $66,000. If sales are budgeted to be 3,600 units, what is Bison's margin of safety in terms of sales revenues? $88,000 O $52,800 $99,000 $110,000 Question 15 2.4 pts Legacy Industries is a manufacturing company. Here are data regarding the months of June and July: Units produced Direct materials Depreciation on machinery Other manufacturing costs Total costs June July 10,000 units 11,000 units $17,000 2 $21,000 2 $20,000 2 S58,000 $61,300 What are Legacy's "other manufacturing costs" for the month of July? $21,600 $19,500 $ $19,500 O $20,000 O $22,000 Question 16 V 2.4 pts Chinook Corporation sells a single product for $60 per unit. During the current year, Chinook reports sales revenues of $765,000, foxed costs of $252,000, and operating income of $207,000. What is Chinook's break-even point in terms of unit sales? 7,000 units 5,100 units 12,750 units 16,200 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals Of Investments Valuation And Management

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

10th Edition

1266824014, 9781266824012

Students also viewed these Accounting questions