mcqs: 1) Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The company's overall break-even sales is closest to: A $114,341 B $328,299 C $272,067 D $386,408 2) Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 395,000 Variable expenses 197,500 Contribution margin 197,500 Fixed expenses 119,000 Net operating income $ 78,500 What is total contribution margin if sales volume increases by 20%? A $94,200 B $237,000 C $62,800 D $197,500
mcqs: 1) Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The company's overall break-even sales is closest to: A $114,341 B $328,299 C $272,067 D $386,408 2) Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 395,000 Variable expenses 197,500 Contribution margin 197,500 Fixed expenses 119,000 Net operating income $ 78,500 What is total contribution margin if sales volume increases by 20%? A $94,200 B $237,000 C $62,800 D $197,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
mcqs:
1)
Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period:
The common fixed expenses have been allocated to the divisions on the basis of sales.
The company's overall break-even sales is closest to:
| Total Company | Southern Division | Northern Division | ||||||
| Sales | $ | 418,000 | $ | 193,000 | $ | 225,000 | ||
| Variable expenses | $ | 130,880 | $ | 79,130 | $ | 51,750 | ||
| Traceable fixed expenses | $ | 186,000 | $ | 77,000 | $ | 109,000 | ||
| Common fixed expense | $ | 79,420 | $ | 36,670 | $ | 42,750 |
The common fixed expenses have been allocated to the divisions on the basis of sales.
The company's overall break-even sales is closest to:
| A |
$114,341
|
|
| B |
$328,299
|
|
| C |
$272,067
|
|
| D |
$386,408
|
2)
Schister Systems uses the following data in its Cost-Volume-Profit analyses:
What is total contribution margin if sales volume increases by 20%?
| Total | ||
| Sales | $ | 395,000 |
| Variable expenses | 197,500 | |
| Contribution margin | 197,500 | |
| Fixed expenses | 119,000 | |
| Net operating income | $ | 78,500 |
| |
| A |
$94,200
|
|
| B |
$237,000
|
|
| C |
$62,800
|
|
| D |
$197,500
|
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