# Quiz 3 - XYZ Company's sales are \$750,000 with operating...

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XYZ Company's sales are \$750,000 with operating profits of \$130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to? Answer Selected Answer: \$170,000. Correct Answer: \$170,000. Response Feedback: (\$750,000 .40) - FC = \$130,000 \$300,000 – \$130,000 = \$170,000 FC = \$170,000 Question 2 2 out of 2 points Fowler Manufacturing Company has a fixed cost of \$225,000 for the production of tubes. Estimated sales are 150,000 units. A before tax profit of \$125,000 is desired by the controller. If the tubes sell for \$5 each, what unit contribution margin is required to attain the profit target? Answer Selected Answer: \$2.33. Correct Answer: \$2.33. Response Feedback: Question 3 2 out of 2 points

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The following information pertains to Syl Co.: Sales \$800,000 Variable costs \$160,000 Fixed costs \$ 40,000 What is Syl's break- even point in sales dollars? Answer Selected Answer: \$50,000 Correct Answer: \$50,000 Response Feedback: Question 4 2 out of 2 points
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Quiz 3 - XYZ Company's sales are \$750,000 with operating...

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