# Quiz - Quiz Name Question 1 A company sells plastic...

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Name Question 1 A company sells plastic containers for the 5 weeks preceding Forth of July. Its sales is budgeted as \$50,000 and the expenses expected as follows: Cost of fireworks \$20,000 Labor cost \$14,000 Other cost \$5,000 The actual sales were \$49,800, approximately equal to the budget. The company spent \$21,000 for fireworks, \$13,000 for labor, and \$4,600 for other cost. Required 1. Calculate the budgeted profit and the actual profit. 2. Prepare a performance report. Question 2 The following each problem is unrelated to the others. 1. Selling price per unit is \$25, total fixed cost \$6,000, variable cost per unit \$18. Required: Find the brake-even point in units and sales amount. 2. Given: Sales is \$32,000, variable cost is \$20,000, fixed cost \$3,500, and net income \$8,500. Required: Find the brake-even sales. 3. Given: Selling price per unit, \$30; total fixed cost, \$70,000; variable cost per unit \$20. Assume that variable cost increased by 5% per unit, and the total fixed cost increased by 10%. Required:

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## This note was uploaded on 05/20/2010 for the course BUSINESS 06032010 taught by Professor Alberthall during the Spring '10 term at University of the East, Manila.

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Quiz - Quiz Name Question 1 A company sells plastic...

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