11:57 O P* ll 95% i4G+Not 11431031@students.liu.edu.lb? Switchaccount* RequiredCVP RelationsX Company had the following informationavailable for 2020:Number of units sold32,000 unitsSelling price per unitS1.250Variable cost per unit$750Total fixed costs$14,000,000Based on the above, the unit contributionmargin is: *40%$500$16,000,000None of the aboveBased on the above, the break-even point 1* ll 95% i4G+11:57 Adocs.google.com/forms/d/e/112Based on the above, the break-even pointin units is: *18,667 units32,000 units28,000 unitsO None of the aboveBased on the above, the total salesnecessary to break-even are:$14,000,000$35,000,000$40,000,000None of the aboveBased on the above, how many units should

The break even sales are calculated as fixed cost divided by contribution margin ratio.

Answered: X Company had the following information…

X Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit S1,250 Variable cost per unit S750 Total fixed costs $14,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

11:57 O P
* ll 95% i
4G+
Not 11431031@students.liu.edu.lb? Switch
account
* Required
CVP Relations
X Company had the following information
available for 2020:
Number of units sold
32,000 units
Selling price per unit
S1.250
Variable cost per unit
$750
Total fixed costs
$14,000,000
Based on the above, the unit contribution
margin is: *
40%
$500
$16,000,000
None of the above
Based on the above, the break-even point

1* ll 95% i
4G+
11:57 A
docs.google.com/forms/d/e/11
2
Based on the above, the break-even point
in units is: *
18,667 units
32,000 units
28,000 units
O None of the above
Based on the above, the total sales
necessary to break-even are:
$14,000,000
$35,000,000
$40,000,000
None of the above
Based on the above, how many units should

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If fixed costs are $265,000, the unit selling price is $125, and the unit variable costs are $76, the break-even sales (units) is a.2,120 units b.1,318 units c.3,487 units d.5,408 units

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