Homework Answers
Answer: Total Revenue = Line A
- The relationships among revenue, cost, profit and volume can be expressed graphically by preparing a cost-volume-profit (CVP) graph or break even chart.
- In a CVP graph, unit volume is commonly represented on the horizontal (X) axis and Cost ($) on the vertical (Y) axis.
- Line B is Total cost line as fixed costs exists even when revenue is zero, hence, it is starting from $30,000
- Line C is Total Fixed cost line as it remains fixed irrespective of volumes
- Line A is Total revenue as it is starting from zero when there is zero volume and going up when the volume increases
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Consider the following cost volume profit graph 5150,000 120,000 90,000 (B) 60,000 30,000 (C) 0 The...
Consider the following cost-volume profit graph: (A) $150,000 120,000 90,000 (B) 60,000 30,000 (9) 0 The...
Consider the following cost-volume profit graph: (A) $150,000 120,000 90,000 (B) 60,000 30,000 (9) 0 The line designated by the letter (B) represents which of the following? Multiple Choice Total cost Total revenue Break-even
Consider the following cost-volume-profit graph: $150,000 120,000 90,000 60,000 30,000 / O The area designated by...
Consider the following cost-volume-profit graph: $150,000 120,000 90,000 60,000 30,000 / O The area designated by the letter (C) represents which of the following? Multiple Choice O Profīt area 0 Loss area 0 Break-even area 0 Fixed cost area
Cost Patterns The following graph depicts cost-volume relationships for Tallmadge Company: Dollars 0 Volume Choose a...
Cost Patterns The following graph depicts cost-volume relationships for Tallmadge Company: Dollars 0 Volume Choose a labeled point or line on the graph that best represents the behavior of each of the following items as operating volume is increased. Answers may be the same for more than one item. Answer each item independently (Select the appropriate point or line by using the drop-down answer box found at the end of each item.) a. Total sales revenue. b. Total costs C....
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa....
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa. the variable cost per unit. Ob. the selling price. Oc. the contribution margin. Od. None of these choices are correct.
The cost-volume-profit graph a. plots three separate lines. b. plots the total revenue line and the...
The cost-volume-profit graph a. plots three separate lines. b. plots the total revenue line and the total cost line. c. measures the vertical axis in units sold and the horizontal axis in dollars. d. All of these are correct.
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...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
Which of the following are true in a cost-volume-profit graph: An increase in the unit selling...
Which of the following are true in a cost-volume-profit graph: An increase in the unit selling price would shift the break even sales point to the left An increase in unit variable costs would decrease the slope of the total costs line An increase in the unit selling price would shift the break-even sales point to the right All of the answers are correct QUESTION 4 Watson Company sells its product for $10 a unit. Next year, fixed expenses are...
Schister Systems uses the following data in its Cost-Volume-Profit analyses: Sales Variable expenses Fixed expenses Total...
Schister Systems uses the following data in its Cost-Volume-Profit analyses: Sales Variable expenses Fixed expenses Total $400,000 280,000 100,000 What is the total contribution margin? Multiple Choice $300,000 O $120,000 O $380,000 о $20,000
Consider the following cost-volume profit graph: (A) $150,000 120,000 90,000 (B) 60,000 30,000 (9) 0 The line designated by the letter (B) represents which of the following? Multiple Choice Total cost Total revenue Break-even
Consider the following cost-volume-profit graph: $150,000 120,000 90,000 60,000 30,000 / O The area designated by the letter (C) represents which of the following? Multiple Choice O Profīt area 0 Loss area 0 Break-even area 0 Fixed cost area
Cost Patterns The following graph depicts cost-volume relationships for Tallmadge Company: Dollars 0 Volume Choose a labeled point or line on the graph that best represents the behavior of each of the following items as operating volume is increased. Answers may be the same for more than one item. Answer each item independently (Select the appropriate point or line by using the drop-down answer box found at the end of each item.) a. Total sales revenue. b. Total costs C....
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa. the variable cost per unit. Ob. the selling price. Oc. the contribution margin. Od. None of these choices are correct.
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...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
Which of the following are true in a cost-volume-profit graph: An increase in the unit selling price would shift the break even sales point to the left An increase in unit variable costs would decrease the slope of the total costs line An increase in the unit selling price would shift the break-even sales point to the right All of the answers are correct QUESTION 4 Watson Company sells its product for $10 a unit. Next year, fixed expenses are...
Schister Systems uses the following data in its Cost-Volume-Profit analyses: Sales Variable expenses Fixed expenses Total $400,000 280,000 100,000 What is the total contribution margin? Multiple Choice $300,000 O $120,000 O $380,000 о $20,000
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