User - User JIN CHEN Submitte d 20/03/10 16:22 Name Quiz 1...

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User JIN CHEN Submitte d 20/03/10 16:22 Name Quiz 1 Chapters 1,2,3,6 and 10 Status Complete d Score 26 out of 30 points Instructio ns Question 1 1 out of 1 points If the breakeven point is 100 units and each unit sells for $50, then: Answer Selec ted Answ er: All of these answ ers are corre ct. Question 2 1 out of 1 points
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Cost-volume-profit analysis is used PRIMARILY by management: Answer Selec ted Answ er: as a planni ng tool Question 3 1 out of 1 points Answer the following questions using the information below: The following information is for Nichols Company: Selling price $150 per unit Variable costs $90 per unit Total fixed costs $300,000 The number of units that Nichols Company must sell to reach targeted operating income of $90,000 is: Answer Selec ted Answ er: 6,5 00 units Question 4 1 out of 1 points How many units would have to be sold to yield a target operating income of $22,000, assuming variable costs are $15 per unit, total fixed costs are $2,000, and the unit selling price is $20? Answer
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Selec ted Answ er: 4,8 00 units Question 5 1 out of 1 points Answer the following questions using the information below: Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5,000 in advertising costs. How many ticket packages will Ruben need to sell in order to achieve $60,000 of operating income? Answer Selec ted Answ er: 1,3 00 packa ges Question 6 1 out of 1 points If a company has a degree of operating leverage of 2.0 and sales increase by 25%, then: Answer
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Selec ted Answ er: prof it will incre ase by 50% Question 7 1 out of 1 points The cost function y = 8,000 + 4X: Answer Selec ted Answ er: repr esent s a mixed cost Question 8 1 out of 1 points
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This note was uploaded on 03/23/2010 for the course AYB 220 taught by Professor Mary during the Three '10 term at Queensland Tech.

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User - User JIN CHEN Submitte d 20/03/10 16:22 Name Quiz 1...

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