please answer all 4 multiple choice questionsHomework Answers
1. Answer is Option D - Investment center
Investment center mangers are responsible for revenue and expenses (profit) and as well as Investments required to generate profit.
2. Accounts receivable turnover ratio =365 days/ Accounts receivable inventory in days
365/42 =8.69 times
Option B is correct
3. Varible cost increases by $120,000
20,000×$6=$120,000
Option A is correct
4. Margin of safety= Sales - (Fixed Expenses/ Contribution margin ratio)
Fixed Expenses/ Contribution margin ratio= Break even point
Margin of safety = Sales - Break even point
Therefore answer is Option C
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please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible...
QUESTION 1 Responsibility accounting is a system in which a manager is held responsible for those...
QUESTION 1 Responsibility accounting is a system in which a manager is held responsible for those items of revenues and costs-and only those items-that the manager can control to a significant extent. O True O False QUESTION 2 The sales volume in units that are needed to achieve a specific Target Profit can be calculated by Dividing the dollars of fixed costs by the unit contribution margin Dividing the dollars of fixed costs and target profit by the unit contribution...
please answer all 4 multiple choice questions Which of the following equations is used to calculate...
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answer all 4 multiple choice questions
Which of the following equations is used to calculate the break-even units? a. Break-Even Units = Total Fixed Cost / Price per Unit b. Break-Even Units = Total Fixed Cost / Variable Cost per Unit c. Break-Even Units = Total Variable Cost / (Price - Fixed Cost per Unit) d. Break-Even Units = Total Fixed Cost / (Price - Variable Cost per Unit) CE Contribution margin is the difference between: O a. sales...
please answer all questions Questions: 1. What is the meaning of contribution margin ration? How is...
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?...
The downtown branch of Emily’s Bakery is organized as an investment center. The following information is...
The downtown branch of Emily’s Bakery is organized as an investment center. The following information is available for the current year. Sales .............................................................................................................. $448,000 Variable expenses.......................................................................................... $217,000 Traceable fixed costs..................................................................................... $230,000 Average total assets invested in this segment.................................................. $168,000 Compute the following measures for this investment center: a Contribution margin: $____________ b Contribution margin ratio: ____________% c Responsibility margin: $____________ d Return on assets: ____________% e Increase in responsibility...
please answer all 4 multiple choice questions In cost-volume-profit analysis, a multiple-product problem is converted into...
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...
Which of the following statements regarding Company A is incorrect? Multiple Choice Which of the following...
Which of the following statements regarding Company A is incorrect? Multiple Choice Which of the following statements regarding Company A is incorrect? If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its break-even point in units is 36,000 units. If Company A has fixed costs of $720,000, a selling price of $50 per unit, and contribution margin of $30 per unit, its variable expenses must be $20...
please answer all 4 multiple choice questions In a cost-volume-profit graph, the total cost line meets...
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...
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all...
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all investment decisions that impact the particular segment in which they are in charge. a. b. Managers should be held responsible for only those things under their control. Managers should never be held entirely responsible for things that happen within the c. particular segment in which they are in charge. Managers should be responsible for both revenues and costs of their particular segment. d. THE...
please answer all 4 multiple choice questions QUESTION 37 The ratio of fixed expenses to the...
please answer all 4 multiple choice questions
QUESTION 37 The ratio of fixed expenses to the contribution margin ratio is the indifference point break-even point in units. fixed cost ratio. break-even point in sales. sensitivity analysis. QUESTION 38 If the contribution margin ratio increases, the break-even point in sales dollars will double. remain the same. increase. decrease. to cane all answers. QUESTION 35 The predetermined overhead rate is usually calculated at the end of the year. at the beginning of...
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...
QUESTION 1 Responsibility accounting is a system in which a manager is held responsible for those items of revenues and costs-and only those items-that the manager can control to a significant extent. O True O False QUESTION 2 The sales volume in units that are needed to achieve a specific Target Profit can be calculated by Dividing the dollars of fixed costs by the unit contribution margin Dividing the dollars of fixed costs and target profit by the unit contribution...
please
answer all 4 multiple choice questions
Which of the following equations is used to calculate the break-even units? a. Break-Even Units = Total Fixed Cost / Price per Unit b. Break-Even Units = Total Fixed Cost / Variable Cost per Unit c. Break-Even Units = Total Variable Cost / (Price - Fixed Cost per Unit) d. Break-Even Units = Total Fixed Cost / (Price - Variable Cost per Unit) CE Contribution margin is the difference between: O a. sales...
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?...
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...
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all investment decisions that impact the particular segment in which they are in charge. a. b. Managers should be held responsible for only those things under their control. Managers should never be held entirely responsible for things that happen within the c. particular segment in which they are in charge. Managers should be responsible for both revenues and costs of their particular segment. d. THE...
please answer all 4 multiple choice questions
QUESTION 37 The ratio of fixed expenses to the contribution margin ratio is the indifference point break-even point in units. fixed cost ratio. break-even point in sales. sensitivity analysis. QUESTION 38 If the contribution margin ratio increases, the break-even point in sales dollars will double. remain the same. increase. decrease. to cane all answers. QUESTION 35 The predetermined overhead rate is usually calculated at the end of the year. at the beginning of...
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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