CHAPTER 3 QUIZ1.Which of the following is nota factor in cost-volume-profit analysis? a.Units sold b.Selling price c.Total variable costs d.Fixed costs of a product
2.Which of the following is notan assumption of cost-volume-profit analysis?
3.Contribution margin is calculated as
Questions 4 through 6 are based on the following data. Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2004 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240,000 Variable costs 160,000