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# Approximately how many units does woodlawn need to

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Unformatted text preview: units would the company need to sell to earn \$30,000 in net income? a 16,667 b 15,800 c 15,667 d 16,233 e 16,167 14 Assume this contribution margin income statement was the result of Woodlawn having sold its units at \$20 apiece. Approximately how many units does Woodlawn need to sell at \$20 each to breakeven? a 2,333 b 2,857 c 2,667 d 2,400 e 3,350 15 In 2011 Maxwell Company had total revenues of \$200,000, variable costs of \$105,000, and net income of \$12,000. Approximately how much does Maxwell need in sales to raise its net income to \$30,000 in 2012? a \$233,333 b \$237,895 c \$216,667 d \$230,000 e \$218,000 16 Moores Co. has a total cost function of y = mx + b. If b = \$50,000 and Moore's total cost was \$120,000 to produce 5,000 units, what is Moore's total cost per unit? a \$14 b \$25 c \$24 d \$20 e None of the above 17 In 2011, Victor Inc. sold a product which had a fixed cost per unit of \$11, variable cost per unit of \$24, and a sales price of \$44 per unit. The total fixed costs for the company were \$98,000 during 2011. What is the company's approximate breakeven point in sales dollars? a \$233,333 b \$245,682 c \$266,667 d \$215,600 e \$240,000 18 Which of the following transactions increases total assets? a Selling land for the amount it was origi...
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