93.What was Phipps Co.'s total unit selling price?a. $200b. $100c.$ 80d.$ 92ANS:DDIF:EasyOBJ:19(4)-05NAT:AACSB Analytic | IMA-Performance Measurement

Chapter 19(4) /Cost Behavior and Cost-Volume-Profit Analysis 14494.What was Phipps Co.'s overall unit variable cost?NAT:AACSB Analytic | IMA-Performance Measurement95.What was Phipps Co.'s overall unit contribution margin?NAT:AACSB Analytic | IMA-Performance Measurement96.Assuming that last year's fixed costs totaled $910,000, what was Phipps Co.'s break-even point in units?NAT:AACSB Analytic | IMA-Performance Measurement97.If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?a. 25%b. 18%c. 33.3%d. 15%ANS:ADIF:ModerateOBJ:19(4)-05NAT:AACSB Analytic | IMA-Performance Measurement98.If a business had sales of $4,000,000, fixed costs of $1,200,000, a margin of safety of 25%, and a contribution margin ratio of 40%, what was the break-even point?NAT:AACSB Analytic | IMA-Performance Measurement

145 Chapter 19(4) /Cost Behavior and Cost-Volume-Profit Analysis99.If a business had sales of $4,000,000 and a margin of safety of 20%, what was the break-even point?NAT:AACSB Analytic | IMA-Performance Measurement100. Forde Co. has an operating leverage of 4. Sales are expected to increase by 8% next year. Operating income is:NAT:AACSB Analytic | IMA-Performance Measurement101. If sales are $300,000, variable costs are 75% of sales, and operating income is $40,000, what is the operating leverage?a. 0b. 7.500c. 1.875d. 1.333ANS:CDIF:ModerateOBJ:19(4)-05NAT:AACSB Analytic | IMA-Performance Measurement102. If a business had a margin of safety ratio of 20%, variable costs of 75% of sales, fixed costs of $240,000, a break-even point of $960,000, and operating income of $60,000 for the current year, what are the current year's sales?NAT:AACSB Analytic | IMA-Performance Measurement103. The difference between the current sales revenue and the sales at the break-even point is called the:NAT:AACSB Analytic | IMA-Performance Measurement

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