Managerial Financial Accounting Chapter 4 Practice Quiz

Managerial Financial Accounting Chapter 4 Practice Quiz -...

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Unformatted text preview: Self Study, Question 1 Incorrect! At Branson Corporation, the selling price per unit is $800 and variable cost per unit is $500. Fixed costs are 1,000,000 per year. In this case, the contribution margin per unit is: $300. $0.375. 2,500 units. None of the above. Self Study, Question 1 At Branson Corporation, the selling price per unit is $800 and variable cost per unit is $500. Fixed costs are 1,000,000 per year. In this case, the contribution margin per unit is: $300. Self Study, Question 2 Correct! $3,000,000 in sales / $800 selling price results in 3,750 units sold. 3,750 units $300 unit contribution margin results in $1,125,000 contribution margin, less $1,000,000 in fixed costs results in $125,000 in profits. At Branson Corporation, the selling price per unit is $800 and variable cost per unit is $500. Fixed costs are $1,000,000 per year. Assuming sales of $3,000,000, profit will be: $125,000. $680,000. $750,000. None of the above. Self Study, Question 3 Correct! The contribution margin ratio measures contribution margin per dollar of sales....
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This note was uploaded on 08/02/2011 for the course MGMT 425 taught by Professor Brown/lexner during the Spring '11 term at Kaplan University.

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Managerial Financial Accounting Chapter 4 Practice Quiz -...

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