Homework Answers
Correct answer------------Contribution margin equals total fixed cost.
.
At break-even point total sales is equal to total cost (fixed and variable). Total sales revenue minus variable cost will be equal to contribution margin and Contribution margin minus fixed cost will be zero, since profit at break-even is zero contribution margin will be equal to fixed cost.
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Question 19 The break-even point is where total sales equal total variable costs total variable costs...
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O...
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution...
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
The break-even point is where: total sales total variable costs. total sales total variable costs plus...
The break-even point is where: total sales total variable costs. total sales total variable costs plus profit. total sales total costs. total sales fixed costs plus profit. Which of these is not a fixed cost? ODepreciation on motor vehicles OManagement salaries ODirect labour O Lease payments
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would...
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would be equal to total costs. O Both sales would be equal to total costs and contribution margin would be equal to total fixed costs are correct. Both sales we Contribution margin would be equal to total fixed costs.
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
Which of the following is accurate? The break-even point occurs when the total contribution margin equals...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal....
Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal. However, the goal of most companies is to make a profit. When a company decides that it wants to earn more than the break-even point of income, it must define the amount it thinks it will realistically make. By modifying the break-even equation, the sales required to earn a target or desired amount of profit may be computed. Complete the following: If a company...
Break-Even Point in Units Chillmax Company plans to sell 3,500 pairs of shoes at $60 each...
Break-Even Point in Units
Chillmax Company plans to sell 3,500 pairs of shoes at $60
each in the coming year. Variable cost is 35% of the sales price;
contribution margin is 65% of the sales price. Total fixed cost
equals $78,000 (includes fixed factory overhead and fixed selling
and administrative expense).
Required:
1. Calculate the sales revenue that Chillmax must make to
break even by using the break-even point in sales equation. $
2. Prepare a contribution margin income statement...
The businesses information for 2 products is: Product % of total sales * Break-even point.Product A...
The businesses information for 2 products is: Product % of total sales * Break-even point.Product A ProductB Sales Price $16 $29 Variable Costs $6 $9 Annual sales (units) 12,000 8,000 Fixed Costs(all products) $120,000 Complete the following: 1.Identify the sales mix. 2.Calculate the unit contribution margin for each product. 3.Calculate the weighted average unit contribution margin (WACM): 4.Calculate the break-even point based on the WACM 5.Calculate the break-even point for the individual products as:
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
The break-even point is where: total sales total variable costs. total sales total variable costs plus profit. total sales total costs. total sales fixed costs plus profit. Which of these is not a fixed cost? ODepreciation on motor vehicles OManagement salaries ODirect labour O Lease payments
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would be equal to total costs. O Both sales would be equal to total costs and contribution margin would be equal to total fixed costs are correct. Both sales we Contribution margin would be equal to total fixed costs.
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
Break-Even Point in Units
Chillmax Company plans to sell 3,500 pairs of shoes at $60
each in the coming year. Variable cost is 35% of the sales price;
contribution margin is 65% of the sales price. Total fixed cost
equals $78,000 (includes fixed factory overhead and fixed selling
and administrative expense).
Required:
1. Calculate the sales revenue that Chillmax must make to
break even by using the break-even point in sales equation. $
2. Prepare a contribution margin income statement...
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