If revenue = $135 and variable cost = 45% of revenue, then contribution margin = $79.25. a. True. b. False.
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- Give correct answer the general accounting questionGiven the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs8. If contribution margin ratio is 0.3 then contribution margin percentage will be: a. 3% b. 30% c. 0.3% d. 0.03%
- R (X) = 55x and C (x) = 30x + 250 for total revenue and total cost functions a-) profit function pi (x) for firms and b-) Find the breakeven point.In the equation Y = 200 + 0.8X, Y represents Question 54 options: a) Variable cost per unit of activity b) Activity level c) Total cost d) Fixed costK In the equation y = $7.20x + $250,250, O A. $250,250 are the total costs. OB. $250,250 are the total fixed costs. OC. $250,250 are the total overhead costs. OD. $250,250 are the total variable costs. 4
- Answer quickly1. At the break-even point mon a tot misb a. Contribution margin = fixed costs b. Variable costs = fixed costs c. Sales contribution margin d. Contribution margin = 0 when erf 99Cost, revenue, and profit are in dollars and x is the number of units. If the total profit function is P(x) = 3x – 18, find the marginal profit MP. MP = What does this mean? O This is the total cost. O The next unit sold costs this much to make. O This is the total revenue. O The next unit sold earns this much profit. O This is the total profit.