At a volume level of 120000 units Palm Beach reported the following information

# At a volume level of 120000 units palm beach reported

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21.At a volume level of 120,000 units, Palm Beach reported the following information: Sales price\$40Variable cost per unit16Fixed cost per unit8The company's contribution-margin ratio is: A. 0.33. B. 0.40. C. 0.50. D. 0.60.E.an amount other than those given above. 22.Which of the following expressions can be used to calculate the break-even point with thecontribution-margin ratio (CMR)? 5-5
Use the following to answer questions 23-30:Cos t - V olu me- P r ofi t Gr aph\$ 1 0 0 , 0 0 08 0 , 0 0 06 0 , 0 0 04 0 , 0 0 02 0 , 0 0 00 1 , 0 0 0 2 , 0 0 0 3 , 0 0 0 4 , 0 0 0 5 , 0 0 0 U n it sFHCGABED 23.Line A is the: 24.Line C represents the level of: 25.The slope of line A is equal to the: A.fixed cost per unit. C.semivariable cost per unit.B.selling price per unit. D.unit contribution margin. 26.The slope of line B is equal to the: 27.The vertical distance between the total cost line and the total revenue line represents: 28.Assume that the firm whose cost structure is depicted in the figure expects to produce a loss for the upcoming period. The loss would be shown on the graph: 5-6
29.At a given sales volume, the vertical distance between the fixed cost line and the total cost line represents: A.fixed cost. D.semivariable cost.B.variablecost. E.the safety margin.C.profit or loss at that volume. 30.Assume that the firm whose cost structure is depicted in the figure expects to produce a profit for the upcoming accounting period. The profit would be shown on the graph by the letter: Use the following to answer questions 31-32:2 , 0 0 0 4 , 0 0 0 6 , 0 0 0 U n it sA\$ 4 0 , 0 0 02 0 , 0 0 002 0 , 0 0 04 0 , 0 0 06 0 , 0 0 0P rofi t - V olu meGrap h

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• Fall '16
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