2020 Quiz 13 CVP

# 2020 Quiz 13 CVP - QUIZ 13 CVP Name Highlight correct...

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QUIZ 13 CVP Name: __________________________ Highlight correct answer in yellow ( due April 5th .) Submit via D2L dropbox 1. A company has contribution margin per unit of \$45 and a contribution margin ratio of 40%. What is the unit selling price? 2. Sales are \$500,000 and variable costs are \$350,000. What is the contribution margin ratio? 3. Disney's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost \$22,000. If sales are expected to increase \$40,000, by how much will the company's net income increase? 4. Sarks Company has a contribution margin of \$150,000 and a contribution margin ratio of 30%. How much are total variable costs? 5. Hardage Company has a contribution margin per unit of \$15 and a contribution margin ratio of 60%. How much is the selling price of each unit? Page 1

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6. A division sold 200,000 calculators during 2008:
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