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gnbexam06

# gnbexam06 - GNB 11/e Practice Exam Chapter 6 Print these...

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GNB 11/e 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.Van Roekel Company sells a single product. The product has a selling price of \$100 per unit and variable expenses of 80% of sales. If the company's fixed expenses total \$150,000 per year, what will the break-even point be? (Give answer in dollars and in units.) 2.Truesdale Company sells hand-crafted furniture. One item it sells is a foot stool which sells for \$30 per unit. The variable costs related to the stool, including product and shipping costs, are \$18 per unit. Total fixed costs for the company are \$60,000. Assuming the stools are the only product the company sells this year, draw a CVP graph to represent the company’s sales and expenses. From this graph, compute the approximate breakeven point in dollars and units. 3.The following is Charles Corporation's contribution format income statement for last month:

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gnbexam06 - GNB 11/e Practice Exam Chapter 6 Print these...

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