# Pm module 5 practice quiz attempt review

• 63

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 34 - 37 out of 63 pages.

10/4/21, 9:40 PMModule 5 Practice Quiz: Attempt reviewQuestionCorrectMark 1.00 out of 1.00Ramirez Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variablecosts per unit of \$90 and a selling price of \$150. Q-Drive Plus has variable costs per unit of \$105 and a selling price of \$195. The weighted-average unit contribution margin for Ramirez is2a.\$75b.\$81c.\$150d.\$69Your answer is correct.The correct answer is:\$81
2/7
QuestionCorrectMark 1.00 out of 1.003Woolford’s CVP income statement included sales of 5,000 units, a selling price of \$50, variable expenses of \$30 per unit, and net income of\$25,000. Fixed expenses are
10/4/21, 9:40 PMModule 5 Practice Quiz: Attempt reviewQuestionCorrectMark 1.00 out of 1.00For Wickham Co., sales is \$3,000,000, fixed expenses are \$900,000, and the contribution margin ratio is 36%. What is required sales indollars to earn a target operating income of \$600,000?4Your answer is correct.
3/7
QuestionCorrectMark 1.00 out of 1.005For Sanborn Co., sales is \$1,000,000, fixed expenses are \$300,000, and the contribution margin per unit is \$60. What is the break-evenpoint?
10/4/21, 9:40 PMModule 5 Practice Quiz: Attempt reviewQuestionCorrectMark 1.00 out of 1.00In 2019, Teller Company sold 3,000 units at \$600 each. Variable expenses were \$420 per unit, and fixed expenses were \$240,000. What wasTeller’s 2019 operating income?6a.\$300,000b.\$1,260,000c.\$540,000d.\$1,800,000Your answer is correct.The correct answer is:\$300,000
4/7
QuestionCorrectMark 1.00 out of 1.007Warner Manufacturing reported sales of \$2,000,000 last year (100,000 units at \$20 each), when the break-even point was 80,000 units.Warner’s margin of safety ratio is

Course Hero member to access this document

Course Hero member to access this document

End of preview. Want to read all 63 pages?

Course Hero member to access this document

Term
Fall
Professor
NoProfessor