Which of the following occurs if a company experiences an increase in its fixed costs? Multiple Choice Net income would increase. The break-even point would increase. The contribution margin would increase. The contribution margin would decrease. More than one of the answers would occur. A staff assistant at Warrington Corporation recently determined that the first five units completed in a new manufacturing process took 500 hours to complete, or an average of 100 hours per unit. The assistant also found that when the cumulative output produced doubles, the average labor time declines by 20%. On the basis of this information, how many total hours would Warrington use if it produces a cumulative amount of 40 units? Mutiple Cholce 128. 160. 1,280 2,048 Fulton and Sons, Inc, presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 15,000 copies and paid a total of $630 in March; in May, the firm paid $600 for 14,000 copies. The company uses the high-low method to analyze costs. How much would Fulton pay if it made 16,500 copies? (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places.) Multiple Choice. $433.00 $372.50. $637.50 5333,00 Gandee Company has an operating leverage factor of 5 . Which of the following statements is true? Thus, an 8% change in should result in a 40% change in The respective amounts that change are: Multiple Choice An 8% change in income should resuit in a 40% change in sales revenue. An 8% change in sales revenue should result in a 40% change in income. An B% change in variable costs should result in a 40% change in contribution margin. An 8% change in fixed costs should result in a 40% change in income. Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amcunt to $400,000 Current sales total 16,000 units in order to produce a target profit of $22,000, Narchie's dollar sales must total: Munple Chaice 53,440 521900 $1,000,000 $1,055,000