This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis is an unformatted preview. Sign up to view the full document.
View Full Document1. award: 10.00 points James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $220,000 and the variable expenses are 45% of sales. Given this information, the actual profit is: (Do not round intermediate calculations.) $24,200 $30,250 $19,800 $25,000 2. award: 10.00 points A company has provided the following data: Sales 2,900 units Sales price $ 87 per unit Variable cost $67 per unit Fixed cost $25,000 If the sales volume decreases by 20%, the variable cost per unit increases by 10%, and all other factors remain the same, net operating income will: (Do not round intermediate calculations.) increase by $21,396. decrease by $5,856. decrease by $17,000. decrease by $27,144. 3. award: 10.00 points The following information relates to Clyde Corporation which produced and sold 37,000 units last month. Sales $555,000 Manufacturing costs: Fixed $210,000 Variable $100,600 Selling and administrative: Fixed $300,000 Variable $ 43,700 There were no beginning or ending inventories. Production and sales next month are expected to be 27,000 units. The company's unit contribution margin next month should be: (Round your intermediate calculations and final answer to 2 decimal places) $8.38 $3.30 $11.10 $14.61 4. award: 10.00 points The contribution margin ratio is 25% for Grain Company and the break-even point in sales is $201,200. To obtain a target net operating income of $63,000, sales would have to be: (Do not round intermediate calculations.) $453,200 $264,200 $283,000 $238,800 5. award: 10.00 points Rothe Company manufactures and sells a single product that it sells for $100 per unit and has a contribution margin ratio of 30%. The company's fixed expenses are $47,600. If Rothe desires a monthly target net operating income equal to 10% of sales, the amount of sales in units will have to be: (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) 2,380 units 820 units 3,247 units 1,266 units 6. award: 10.00 points South Company sells a single product for $28 per unit. If variable expenses are 55% of sales and fixed expenses total $14,400, the break-even point in sales dollars will be: (Do not round intermediate calculations.) $32,000 $17,600 $14,400 $26,182 7. award: 10.00 points Darth Company sells three products. Sales and contribution margin ratios for the three products follow: Product X Product Y Product Z Sales in dollars $29,000 $49,000 $109,000 Contribution margin ratio 43% 38% 13% Given these data, the contribution margin ratio for the company as a whole would be: (Round your intermediate calculations to 2 decimal places. Round your answer to whole percentage.) 24% 41% 31% it is impossible to determine from the data given. ... View Full Document
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentBUAD 281 - Chapter 12 (Relevant Costs) - Class 4 2nd half march 28
BUAD 281 - Chapter 6 (First half) - Class 5 April 2
Quiz 1 with Answers
BUAD 281 - Chapter 9 (Flexible Budget) - Class 10 April 18
BUAD 281 - Chapter 8 (Master Budget) - Class 9 April 16
BUAD 281 - Chapter 12 (Relevant Costs) - Class 3 March 26
cost Break Even
Problem 6-22
ACC Excel ch. 5
ACCT 241 Project 2
Ch. 7 solutions
Cost Volume Profit Formulas
Copyright © 2015. Course Hero, Inc.
Course Hero is not sponsored or endorsed by any college or university.