Time left 1:54:Mazoon Company's variable costs are 80% of the selling price and its fixed costs are $80,000. To realizeprofits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling priceper unit?O a. $1.66O b. None of the given answersO c. $2.08O d. $8.33O e. $6.66ionWhich of the following does not represent a cost-volume-profit analysis equation?O a.Profit = contribution margin - fixed expensesedO b. Sales = total expenses + profitFinid out ofSales - fixed expenses - variable expensesF8EscF5F6F7F4F2F3*23%&347V12WTYJKADCVBYNI M* 00

Cost Volume Profit analysis is used to calculate the break even point of sales. This formula is also…

Mazoon Company's variable costs are 80% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 b. None of the given answers C. $2.08 O d. $8.33 e. $6.66

Mazoon Company's variable costs are 80% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 b. None of the given answers C. $2.08 O d. $8.33 e. $6.66

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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Time left 1:54:
Mazoon Company's variable costs are 80% of the selling price and its fixed costs are $80,000. To realize
profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price
per unit?
O a. $1.66
O b. None of the given answers
O c. $2.08
O d. $8.33
O e. $6.66
ion
Which of the following does not represent a cost-volume-profit analysis equation?
O a.
Profit = contribution margin - fixed expenses
ed
O b. Sales = total expenses + profit
Fini
d out of
Sales - fixed expenses - variable expenses
F8
Esc
F5
F6
F7
F4
F2
F3
*
23
%
&
3
4
7
V
1
2
W
T
Y
J
K
A
D
C
V
BYNI M
* 00

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