Please correct answer and don't use hand rating 1. Management believes it can sell a new product for $8.50. The fixed costs ofproduction are estimated to be $6,000, and the variable costs are$3.20 a unit.a. Complete the following table at the given levels of output and the relation-ships between quantity and fixed costs, quantity and variable costs, andquantity and total costs.TotalTotalVariableProfitsQuantity RevenueCostsFixed CostsCosts(Losses)05001,0001,5002,0002,5003,000

To solve the problem and complete the table, we need to calculate several components: Total Revenue,…

Answered: 1. Management believes it can sell a…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 5DQ

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1. To compute the breakeven point using the contribution margin, we get the ratio of a. Total fixed expenses and Total contribution margin b. Total variable expenses and Total Contribution margin c. Total fixed expenses and Contribution margin per unit d. Total variable expenses and Contribution margin per unit 2. A mathematical expression that describes a breakeven point of a company is a. Sales Revenue = Variable expenses + Fixed expenses b. Sales Revenue = Variable expenses - Fixed expenses c. Sales Revenue < Variable expenses + Fixed expenses d. Sales Revenue > Variable expenses - Fixed expenses 3. The Cost-Volume-Profit equation is given by a. Sales Revenue = Profits + Contribution margin ratio + Fixed expenses b. Sales Revenue = Profits + Contribution margin + Fixed expenses c. Sales Revenue = Profits+ Variable expenses + Fixed expenses d. Sales Revenue = Profits -Variable expenses…
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