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answer all 4 multiple choice questionsHomework Answers
1.the equation used to calculate the break even units is:total fixed cost/(price-variable cost per unit).
we know that price per unit-variable cost per unit is contribution margin,hence the above answer we can write as break even sales in units=fixed cost/contribution per unit.
2.contribution margin is the defference between "sales and variable expens".
3.break even poin in units =fixed cost/contribution per unit.
here contribution=sale-variable cost=$250-$100=$150.and fixed cost=$16500000
hence break even in units=16500000/150=110000 units.
4.in multi product break even analysis,the sales mix is determined through trend analysis
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answer all 4 multiple choice questions
Which of the following equations is used to calculate...
please answer all 4 multiple choice questions In cost-volume-profit analysis, a multiple-product problem is converted into...
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answer all 4 multiple choice questions
In cost-volume-profit analysis, a multiple-product problem is converted into a single-product problem by: a. determining the unit variable cost. b. determining the sales prices. C. defining a particular sales mix in units. d. defining the features of the products. Burlywood Company sells two products that are expected to produce total revenue of $198,077 and total variable cost of $128.750 next year Total fixed cost is expected to equal $43.650. Determine the break-even point...
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In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Which of the following is an assumption underlying standard CVP analysis? Multiple Choice The price of...
Which of the following is an assumption underlying standard CVP analysis? Multiple Choice The price of a product or service is expected to change as volume changes. 0 Fixed expenses will change as volume increases. In multiproduct companies, the sales mix is constant. С C In manufacturing companies, inventories always change. If sales volume increases and all other factors remain constant, then the: Multiple Choice net operating income will decrease. O margin of safety will increase. contribution margin ratio will...
please answer all 4 multiple choice questions A responsibility center in which a manager is responsible...
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A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
PLEASE ANSWER THE FOLLOWING QUESTIONS 1. 2. 3. 4. High-Low Method The manufacturing costs of Gregory...
PLEASE ANSWER THE FOLLOWING QUESTIONS
1.
2.
3.
4.
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $149,040 990 units February 205,680 2,040 231,840 2,790 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit March $ b. Total fixed cost $ Contribution Margin Sally Company sells...
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Answer these questions below: 1. Which of the following is most likely to be a variable cost A. Depreciation B. Salaries of management C. Direct Materials D. None of these 2. Cost Behavior applies to all types of businesses and entities including non-profit. A. True B. False 3. Selling Price - Variable Cost per Unit A. Fixed Cost Per Unit B. Contribution Margins Per Unit C. Break Even in Units 4. Total Fixed cost/ Contribution Margin per Unit A. Break...
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Question S Answer the following multiple choice questions: (15 mark Answer The margin of safety is A the eces of budgeted or actual sales over budgeted or actual variable expenses B) the escess of budgeted or actual sales over budgeted or actual fixed expenses C) the encess of budgeted or actual sales over the break-even volume of sales D) the escess of budgeted net operating income over actual net operating income Sparks Company has a cash balance of $7,500 on...
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PLEASE ANSWER THE FOLLOWING QUESTIONS:
Sales Mix and Break-Even Analysis Megan Company has fixed costs of $1,833,520. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price Variable Cost per Unit Contribution Margin per Unit Model 94 $950 $400 $550 Model 81 680 500 180 The sales mix for products Model 94 and Model 81 is 40% and 60%, respectively. Determine the break-even point in units...
please answer all questions Questions: 1. What is the meaning of contribution margin ration? How is...
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Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point?...
please
answer all 4 multiple choice questions
In cost-volume-profit analysis, a multiple-product problem is converted into a single-product problem by: a. determining the unit variable cost. b. determining the sales prices. C. defining a particular sales mix in units. d. defining the features of the products. Burlywood Company sells two products that are expected to produce total revenue of $198,077 and total variable cost of $128.750 next year Total fixed cost is expected to equal $43.650. Determine the break-even point...
please
answer all 4 multiple choice questions
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Which of the following is an assumption underlying standard CVP analysis? Multiple Choice The price of a product or service is expected to change as volume changes. 0 Fixed expenses will change as volume increases. In multiproduct companies, the sales mix is constant. С C In manufacturing companies, inventories always change. If sales volume increases and all other factors remain constant, then the: Multiple Choice net operating income will decrease. O margin of safety will increase. contribution margin ratio will...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
PLEASE ANSWER THE FOLLOWING QUESTIONS
1.
2.
3.
4.
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $149,040 990 units February 205,680 2,040 231,840 2,790 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit March $ b. Total fixed cost $ Contribution Margin Sally Company sells...
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Question S Answer the following multiple choice questions: (15 mark Answer The margin of safety is A the eces of budgeted or actual sales over budgeted or actual variable expenses B) the escess of budgeted or actual sales over budgeted or actual fixed expenses C) the encess of budgeted or actual sales over the break-even volume of sales D) the escess of budgeted net operating income over actual net operating income Sparks Company has a cash balance of $7,500 on...
PLEASE ANSWER THE FOLLOWING QUESTIONS:
Sales Mix and Break-Even Analysis Megan Company has fixed costs of $1,833,520. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price Variable Cost per Unit Contribution Margin per Unit Model 94 $950 $400 $550 Model 81 680 500 180 The sales mix for products Model 94 and Model 81 is 40% and 60%, respectively. Determine the break-even point in units...
please answer all questions
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point?...
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