Chapter 6 practice quiz

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

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 2

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online