iClicker_021611_and_Exam_1_Review_Slides

# iClicker_021611_and_Exam_1_Review_Slides - Info about Exam...

This preview shows pages 1–6. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Info about Exam 1 Fri. 2/18/11 • In your recitation room, 50 minutes only. • 20 multiple choice, 100 points total, covers CH 1-5; • Approx. ½ word answers, ½ calculations • Simple calculators only; no programmable or graphing calculators, phones, electronic devices • Bring pencils, erasers, and MSU NetID. • Important: Write the “code” of your exam on the scantron correctly. Convery - Spring 2011 1 Reagan Company has fixed costs of \$15,000, variable cost per unit of \$5, and a sales price of \$8. If Reagan wants to earn a targeted profit of \$3,600, how many units must be sold? A. 1,200 B. 5,000 C. 6,200 D. 3,720 On earning a profit Kattelus - Spring 2010 2 On break-even and sales mix JC Company produces two products. Monthly sales are \$20,000 and variable expenses of \$7,400 for one product; sales of \$39,000 and variable expenses of \$6,170 for the other product. Fixed expenses for the entire company were \$41,160. What is the break-even point in sales dollars (rounded)? A. \$41,160 B. \$17,840 C. \$53,454 D. Kattelus - Fall 2010 3 MoCo. expects next year’s operating results to be: Sales \$400,000 Margin of safety \$100,000 Contribution margin ratio 75% What are total fixed expenses expected to be next year? A. \$75,000 B. \$225,000 C. \$200,000 D. \$100,000 On margin of safety Kattelus - Spring 2010 4 A medical clinic reports these supply costs for two months: Client-Visits Supply Cost Jan 12,283 \$23,278 Jun 13,104 \$23,742 Supply cost, a mixed cost, depends on client-visits. What are the variable and fixed components of supply costs?...
View Full Document

{[ snackBarMessage ]}