Accounting 505 multiple choice

Accounting 505 multiple choice - 1....

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1. Prodigy Corp has provided the following data: Sales per period : 5,000 units Selling price $60  per unit Var. Manufacturing Cost $11 per unit Selling expenses 7,000 plus 5% of selling price Admin. expenses  $3,000 plus 10% of selling price The number of units needed to achieve a target net operating income of 100,000 is: a- 2,050 units b- 2,650 c- 1,980 d- 2,750 2. Summertime co. sells grills for $75 per grill. The unit variable cost per grill is $35. Fixed Manu.Costs total  6,000 per month.  Fixed selling and admin. costs total 4,000. How many grills must be sold to earn a pre-tax income of  15,000? a-615 b-600 c-625 d-620 3. Billy Bing Ping Pong Corp. manufactures a single product, premium pink ping pong balls. Each  premium pink ping pong ball sells for 500.00 each. Selected operating information from last month is as  follows: Variable costs per unit: Direct Materials  17.50
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This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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Accounting 505 multiple choice - 1....

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