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Assume the following (1) sales $200,000, (2) unit sales 10,000, (3) the contribution margin ratio 27%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin $54,000 The variable expense per unit-$5.40 The break-even point is 8.913 units The total fixed expenses $146.000

Assume the following (1) sales $200,000, (2) unit sales 10,000, (3) the contribution margin ratio 27%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin $54,000 The variable expense per unit-$5.40 The break-even point is 8.913 units The total fixed expenses $146.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume the following (1) sales $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 27%, and (4) net operating income $10,000, Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin- $54,000 The variable expense per unit-$5.40 The break-even point is 8.913 units The total fixed expenses $146,000
Transcribed Image Text:Assume the following (1) sales $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 27%, and (4) net operating income $10,000, Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin- $54,000 The variable expense per unit-$5.40 The break-even point is 8.913 units The total fixed expenses $146,000
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