Chapter 6 practice quiz

# Chapter 6 practice quiz - Chapter 6 Practice Quiz For the...

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Chapter 6 Practice Quiz For the first three questions, use the following data, which relate to Genevieve's Physical Therapy Salon for the month of March: Total number of therapies given 6,120 Total revenue \$367,200 Total fixed expenses 73,440 Total variable expenses 146,880 1. What are Genevieve's contribution margin per unit and contribution margin ratio? CM/Unit CM Ratio A. \$12 20% B. \$24 40% C. \$36 60% D. \$60 100% 2. What are Genevieve's break-even points in units and in dollars? Units Dollars A. 1,224 \$ 73,440 B. 2,040 \$122,400 C. 3,060 \$183,600 D. 4,080 \$244,800 3. What is Genevieve's margin of safety? A. \$122,400 B. \$220,320 C. \$244,800 D. \$365,160 4. Audrey's Ice Creations sold 76,000 Sno Cones last year for \$0.60 each. Contribution margin per cone was \$0.35 and operating income per cone was \$0.15. What were Audrey's total fixed costs for Sno Cones? A. \$4,560 B. \$7,600 C. \$15,200 D. \$34,200 5. Huellen, Inc. manufactures Brigitte Boogie Boards. Last month, Huellen produced and sold 64,900 boards and had the following per unit data:

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## This test prep was uploaded on 04/22/2008 for the course ACC 2304 taught by Professor Robinson during the Spring '08 term at Baylor.

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Chapter 6 practice quiz - Chapter 6 Practice Quiz For the...

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