Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 37%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true? a.) the total fixed expense = $126,000 b.) the break-even point is 8,077 units c.) the variable expense per unit = $7.40 d.) the total contribution margin = $74,000

Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 37%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true? a.) the total fixed expense = $126,000 b.) the break-even point is 8,077 units c.) the variable expense per unit = $7.40 d.) the total contribution margin = $74,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Assume the following (1) variable expenses = $302,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 20%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true? Multiple Choice O O The variable expense ratio is 400% The total sales $377,500 The total contribution margin= $241,600 The total fixed expenses $60,400 =
If fixed costs are $283,000, the unit selling price is $72, and the unit variable costs are $51, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $5? a.3,931 units and 13,476 units b.13,476 units and 3,931 units c.5,549 units and 10,385 units d.13,476 units and 10,885 units
If fixed costs are $1,337,000, the unit selling price is $228, and the unit variable costs are $110, the amount of sales (units) required to realize an operating income of $233,000 is
If fixed costs are $332,000, the unit selling price is $74, and the unit variable costs are $53, the old and new break-even sales (units), respectively, if the unit selling price increases by $8 are a.15,810 units and 4,486 units b.6,264 units and 10,948 units c.15,810 units and 11,448 units d.4,486 units and 15,810 units
If fixed costs are $1,226,000, the unit selling price is $220, and the unit variable costs are $100, what is the break-even sales (units) if fixed costs are increased by $30,100?
Suppose a company has fixed costs of $47,600 and variable cost per unit of ². +222 dollars, where x is the total number of dollars per unit. units produced. Suppose further that the selling price of its product is 1656- (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)
Calculate the breakeven revenue (see Ch 5 p 107) where Total fixed costs are $78,000 and Gross profit is $250,000 and net sales is $375,000
If the selling price per unit is $60, the variable expense per unit is $20, and total fixed expenses are $240,000, what are the breakeven sales in dollars?
Munabhai
Assume total fixed costs of $160,000, variable costs per unit of $6, and contribution margin per unit of $4. How many units must be sold to meet a target net income of $50,000, assuming a tax rate of 20%?
Coronado Company has the following data:Variable costs are 80% of the unit selling price.The unit contribution margin is $400.The fixed costs are $596000.Which of the following expresses the break-even point in dollars? 0.20 x 596000 = X ($596000 ÷ $400) x 0.80 = X 596000 ÷ 0.80 = X $596000 ÷ 0.20 = X