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1.A variable cost is a cost that A) varies per unit at every level of activity....
11) A variable cost is a cost that a. varies per unit at every level of...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of...
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400,000 $600,000 $1,000,000 Variable costs 280,000 360,000 Contribution margin $120,000 $240,000 Total fixed costs $300,000 What is the weighted average contribution margin ratio? 50% 35% OOO 36% O 34% Question 32 4 pts Curtis Corporation's contribution margin is $25 per unit for Product A and...
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...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout Formulas Kevlar Kevlar Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Selling and administrative expenses - variable Total variable costs per unit 2 Resin and supplies 3 Finishing kit (seat, rudder, ropes, etc.) 4 Labor 5 Selling and administrative expenses variable 6 Selling and administrative expenses—fixed 7 Manufacturing overhead-fixed $250 per kayak $100 per kayak $170 per kayak $420 per kayak $400...
Target Profit Trailblazer Company sells a product for $210 per unit. The variable cost is $90 per unit, and flxed c...
Target Profit Trailblazer Company sells a product for $210 per unit. The variable cost is $90 per unit, and flxed costs are $396,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $138,600. 396,000 Xunits a. Break-even point in sales units b. Break-even point in sales units if the company desires a target profit of 120 X units $138,600 Feedback YCheck My Work a. Unit...
Target Profit Ramirez Inc. sells a product for $80 per unit. The variable cost is $60...
Target Profit Ramirez Inc. sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $2,000,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $250,000. a. Break-even point in sales units 100,000 units b. Break-even point in sales units if the company desires a target profit of $250,000 22,500 units Feedback a. Unit sales price minus unit...
6. Mixed costs are costs that a. Mixed costs change but not proportionately with changes in...
6. Mixed costs are costs that a. Mixed costs change but not proportionately with changes in the a. For purposes of CVP analysis, mixed costs must be classified into their fixed and variable elements. One method that management may use to classify these costs is the b. The high-low method uses the total costs incurred at the and levels of activity. The difference in costs between the high and low levels represents costs, which can change as c. Fixed costs...
Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost...
Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs 174 $ 86 $563,200 Required Determine the following: a. Contribution margin per unit. Contribution margin per unit b. Number of units that Ender must sell to break even. Break-even in units c. Sales level in units that Ender must reach to earn a profit of $299,200. Sales in units d. Determine the margin of safety...
Jasmine Inc. sells a product for $56 per unit. Variable costs per unit are $33, and...
Jasmine Inc. sells a product for $56 per unit. Variable costs per unit are $33, and monthly fixed costs are $211,600. a. What is the break-even point in units? Break-Even Point units b. What unit sales would be required to eam a target profit of $75,900? Total Required Sales units c. Assume they achieve the level of sales required in part b, what is the margin of safety in sales dollars? Margin of Safety
2. Match the items in the two columns below by entering the appropriate code letter in...
2. Match the items in the two columns below by entering the appropriate code letter in the space provided A. Mixed costs B. Variable costs C. Fixed costs D. High-low Method E. Relevant range F. G. H. 1. Break-even point Contribution Margin Margin of Safety Contribution Margin Ratio The amount of revenue remaining after deducting the total variable cost of sales. 2. 1. Costs that contain both a variable and a fixed element. 3. The percentage of sales dollars available...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400,000 $600,000 $1,000,000 Variable costs 280,000 360,000 Contribution margin $120,000 $240,000 Total fixed costs $300,000 What is the weighted average contribution margin ratio? 50% 35% OOO 36% O 34% Question 32 4 pts Curtis Corporation's contribution margin is $25 per unit for Product A and...
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...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout Formulas Kevlar Kevlar Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Selling and administrative expenses - variable Total variable costs per unit 2 Resin and supplies 3 Finishing kit (seat, rudder, ropes, etc.) 4 Labor 5 Selling and administrative expenses variable 6 Selling and administrative expenses—fixed 7 Manufacturing overhead-fixed $250 per kayak $100 per kayak $170 per kayak $420 per kayak $400...
Target Profit Trailblazer Company sells a product for $210 per unit. The variable cost is $90 per unit, and flxed costs are $396,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $138,600. 396,000 Xunits a. Break-even point in sales units b. Break-even point in sales units if the company desires a target profit of 120 X units $138,600 Feedback YCheck My Work a. Unit...
6. Mixed costs are costs that a. Mixed costs change but not proportionately with changes in the a. For purposes of CVP analysis, mixed costs must be classified into their fixed and variable elements. One method that management may use to classify these costs is the b. The high-low method uses the total costs incurred at the and levels of activity. The difference in costs between the high and low levels represents costs, which can change as c. Fixed costs...
Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs 174 $ 86 $563,200 Required Determine the following: a. Contribution margin per unit. Contribution margin per unit b. Number of units that Ender must sell to break even. Break-even in units c. Sales level in units that Ender must reach to earn a profit of $299,200. Sales in units d. Determine the margin of safety...
Jasmine Inc. sells a product for $56 per unit. Variable costs per unit are $33, and monthly fixed costs are $211,600. a. What is the break-even point in units? Break-Even Point units b. What unit sales would be required to eam a target profit of $75,900? Total Required Sales units c. Assume they achieve the level of sales required in part b, what is the margin of safety in sales dollars? Margin of Safety
2. Match the items in the two columns below by entering the appropriate code letter in the space provided A. Mixed costs B. Variable costs C. Fixed costs D. High-low Method E. Relevant range F. G. H. 1. Break-even point Contribution Margin Margin of Safety Contribution Margin Ratio The amount of revenue remaining after deducting the total variable cost of sales. 2. 1. Costs that contain both a variable and a fixed element. 3. The percentage of sales dollars available...
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