Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following costs is a mixed cost? a. wood used in producing a table b. depreciation on the saw used in production of

image text in transcribed
Which of the following costs is a mixed cost? a. wood used in producing a table b. depreciation on the saw used in production of a table c. wages of the assembly worker d. compensation to a sales person that gets salary plus a sales commission If fixed cost decreases what will be the effect on the break even point? a. increase b. decrease c. remain the same d. more information is needed. If a cruise line increases the price charged to the passengers, what will be the effect on the break even point? a. increase b. decrease c. remain the same d. more information is needed. During this past year, a small publishing company sold 60, 000 copies of Super Travel paperbacks (its only product) at $5 per book: total fixed costs were $15, 000, and total variable costs were $3 per book. What is this company's breakeven point in units? a. 10, 500 units b. 7, 500 units c. 30, 000 units d. 15, 000 units If fixed costs are $80, 000, the selling price is $100 per unit, the variable cost is $75 and the targeted profit is $30, 000, then the required unit sales are a. 4, 400 units. b. 2, 000 units. c. 4, 500 units. d. 2, 500 units. Smart Touch Learning's break even point was 54 tablets. They expect to sell 100 tablets at price of $500 each. What is the margin of safety in dollars and as a percent? a. $23, 000 and 46% b. $23, 000 and 85% c. $27, 000 and 54% d. $27, 000 and 85%

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

Internal Control Anti Fraud Program Design For The Small Business

Authors: Steve Dawson

1st Edition

1119065070, 978-1119065074

More Books

Students also viewed these Accounting questions

Question

1. Define mass and mediated communication

Answered: 1 week ago