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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 15; • 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 breakeven 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 breakeven 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: ClientVisits Supply Cost Jan 12,283 $23,278 Jun 13,104 $23,742 Supply cost, a mixed cost, depends on clientvisits. What are the variable and fixed components of supply costs?...
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 Spring '10
 SUE
 Accounting, Contribution Margin, Sales, Contribution Margin Ratio, Kattelus

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