Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O...
Question 19 The break-even point is where total sales equal total variable costs total variable costs equal total fixed costs contribution margin equals total fixed costs total sales equal total fixed costs.
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 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.
If a company is operating at the break-even point: Multiple Choice its contribution margin will be equal to its variable expenses. its margin of safety will be equal to zero its fixed expenses will be equal to its variable expenses. its selling price will be equal to its variable expense per unit.
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.
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...
Multiple Choice Question 43 The contribution margin ratio is O sales divided by fixed expenses. contribution margin divided by sales. O sales divided by variable expenses. sales divided by contribution margin.
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative...
Multiple Choice Question 119 Swifty Corporation sells a product with a contribution margin of $10 per unit, fixed costs of $223200, and sales for the current year of $300000. How much is Swifty's break-even point? O 16606 units O $76800 22320 units O 7680 units