Quiz 10 - Question 1 2 out of 2 points XYZ Company's sales...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 2 out of 2 points 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: 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.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Feedback: Question 3 2 out of 2 points 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 Sanfran has the following data: Selling price $40 Variable
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/11/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

Page1 / 6

Quiz 10 - Question 1 2 out of 2 points XYZ Company's sales...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online