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# Q5 - Name Managerial Accounting 102 Chapter 5 Ending Exam 1...

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Name ____________________________ Managerial Accounting – 102 Chapter 5 Ending Exam March 15, 2011 1) Regarding variable and fixed costs, as volume changes within the relevant range a) both total variable costs and unit fixed costs are constant. b) both total variable costs and unit fixed costs fluctuate. c) both total variable costs and total fixed costs are constant. d) both total variable costs and total fixed costs fluctuate. 2) How much revenue is required to earn a target income of \$80,000 if total fixed costs are \$100,000 and the contribution margin ratio is 40%? a) \$300,000 b) \$200,000 c) \$450,000 d) \$330,000 3) A company has total fixed costs of \$120,000 and a contribution margin ratio of 20%. The total sales necessary to break even are 4) A company sells a product which has a unit selling price of \$5, a unit variable cost of \$3, and total fixed costs of \$120,000. The number of units the company must sell to break even is 5) Banachek, Inc. produces hair brushes and has been operating at breakeven. The selling price is \$20 per unit and the variable costs are \$8 per brush. Fixed costs per month are \$4,800. If Banachek sells 15 more units above breakeven, how much does profit increase as a result?

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Q5 - Name Managerial Accounting 102 Chapter 5 Ending Exam 1...

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