For the year 20x2, Amateur's income under absorption costing was $5,000 lower than its income under variable costing. The company sold 25,000 units during the year. The companies variable costs were $15 per unit, of which $5 were variable selling costs. If the production cost i under absorption costing is $18 per unit, how many units did the company produce during the year? 23333 24722 24500 O 24615

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question 8,
For the year 20x2, Amateur's income under absorption costing was $5,000 lower
than its income under variable costing. The company sold 25,000 units during the
year. The companies variable costs were $15 per unit, of which $5 were variable
selling costs. If the production cost i under absorption costing is $18 per unit, how
many units did the company produce during the year?
23333
O 24722
24500
24615
Question 9,
If variable and fixed cost per unit remains the same, and we produce 1000 more
units.
O None of these answers are correct
Cost per unit increases
Cost per unit remains the same
O Cost per unit decreases
Question 10,
Cheetah co is planning to sell 500,000 units for 4.00 a unit and will just break even
at this level of sales. The contribution margin ratio is 20%. What is Cheetah co's fixed
expenses?
400000
2000000
2500000
499980
Transcribed Image Text:Question 8, For the year 20x2, Amateur's income under absorption costing was $5,000 lower than its income under variable costing. The company sold 25,000 units during the year. The companies variable costs were $15 per unit, of which $5 were variable selling costs. If the production cost i under absorption costing is $18 per unit, how many units did the company produce during the year? 23333 O 24722 24500 24615 Question 9, If variable and fixed cost per unit remains the same, and we produce 1000 more units. O None of these answers are correct Cost per unit increases Cost per unit remains the same O Cost per unit decreases Question 10, Cheetah co is planning to sell 500,000 units for 4.00 a unit and will just break even at this level of sales. The contribution margin ratio is 20%. What is Cheetah co's fixed expenses? 400000 2000000 2500000 499980
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