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Given the cost formula Y= $25 O $56,000 O $95,000 O $23,000

Given the cost formula Y= $25 O $56,000 O $95,000 O $23,000

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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Given the cost formula Y= $23,000+ $8X, total cost at an activity level of 9,000 units would be: O $56,000 O $95,000 O $23,000 O $33,000
Transcribed Image Text:Given the cost formula Y= $23,000+ $8X, total cost at an activity level of 9,000 units would be: O $56,000 O $95,000 O $23,000 O $33,000
Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income The number of units that must be sold to achieve a target profit of $31,500 is closest to: 35,000 units 42,000 units 9,400 units $ 210,000 136,500 73,500 67,200 6,300 48,000 units
Transcribed Image Text:Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income The number of units that must be sold to achieve a target profit of $31,500 is closest to: 35,000 units 42,000 units 9,400 units $ 210,000 136,500 73,500 67,200 6,300 48,000 units
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