SCOre 100%
The three most common cost behavior classifications are:
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Manley Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost estimation, total fixed costs are:
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If fixed costs increased and variable costs per unit decreased, the break-even point would:
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If sales are $808,258, variable costs are 65% of sales, and operating income is $222,866, what is the contribution margin ratio?
Select the correct answer.
Which of the following conditions would cause the break-even point to decrease?
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In cost-volume-profit analysis, all costs are classified into the following two categories:
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Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin are:
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Which of the graphs in Figure 20-1 illustrates the behavior of a total variable cost?
Contribution margin is:
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Forde Co. has an operating leverage of 4. Sales are expected to increase by 12% next year. Operating income is:
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If sales are $861,399, variable costs are $421,360, and operating income is $276,326, what is the contribution margin ratio?
Select the correct answer.
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Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are: |
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What was Carter Co.’s weighted average variable cost?
If fixed costs are $241,258, the unit selling price is $115, and the unit variable costs are $73, what is the break-even sales (units)?
Select the correct answer.
Which of the following is an example of a cost that varies in total as the number of units produced changes?
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Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are: |
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What was Carter Co.’s weighted average unit selling price?
Ingram Co. manufactures office furniture. During the most productive month of the year, 3,271 desks were manufactured at a total cost of $84,759. In its slowest month, the company made 1,211 desks at a cost of $39,935. Using the high-low method of cost estimation determine total fixed costs are.
Select the correct answer.
The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed:
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If sales are $500,000, variable costs are 75% of sales, and operating income is $40,000, what is the operating leverage?
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