GNB13eCh06Exam - Garrison 13e Practice Exam Chapter 6 Print...

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Garrison 13e Practice Exam – Chapter 6 Print these pages. Answer each of the following questions, explaining your answers or showing your work, as appropriate, and then compare your solutions to those provided at the end of the practice exam. 1.Chen & Chen Furniture Inc. sells a small hand-crafted table for $30 per unit. The variable costs related to the table, including product and shipping costs, are $18 per unit. Total fixed costs for the company are $60,000. Prepare a CVP graph to approximate the break-even point in dollars and units. 2.Barnard Ltd. sells a single product. The product has a selling price of $100 per unit, variable expenses of 80% of sales, and its fixed expenses total $150,000 per year. Part (a) What is the company’s contribution margin ratio? Part (b) What is its break-even point? (Give answer in dollars and in units.)
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3.Dahlia Manufacturing Company reported $4,000,000 of sales during the month and incurred variable expenses totaling $2,800,000 and fixed expenses of $720,000. A total of 80,000 units were produced and sold last month. The company has no beginning or ending
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This note was uploaded on 12/16/2009 for the course ACCT 116B 00138 taught by Professor Seymour during the Fall '09 term at Mesa CC.

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GNB13eCh06Exam - Garrison 13e Practice Exam Chapter 6 Print...

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