FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- If fixed costs are $272,000, the unit selling price is $122, and the unit variable costs are $71, the break-even sales (units) is a.1,409 units b.2,230 units c.5,333 units d.3,831 unitsarrow_forwardAt a level of physical activity of 15,000 units, the total cost would be as follows using the cost formula Y = $20,000 + $4X: $35,000 $60,000 $20,000 $80,000.arrow_forwardSolution method please.arrow_forward
- If sales are $30,000, fixed costs are $10,000, and variable costs are $7,000 what is the contribution margin ratio? O 0.594 O 0.767 O 0.612 0.659arrow_forwardAn analysis of a particular mixed cost indicates it will be an average of $0.65 per hour at an activity level of 18,000 hours and $11,700 in total at an activity level of 20,000 hours. Assuming that this activity is within the relevant range, what is the cost expected to total at an activity level of 16,000 hoursarrow_forwardHixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Amount Per Unit Direct materials $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $ 4.00 $1.00 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expensearrow_forward
- Which of the following is a fixed cost? Multiple Choice A cost that is $40.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $40.00 per unit when production is 160,000. A cost that is $80.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $25.00 per unit when production is 160,000.arrow_forwardFor Waterway Industries at a sales volume of 5000 units, sales revenue is $67000, variable costs total $ 44000, and fixed expenses are $21000. What is the unit contribution margin? Select answer from the options below $4.20 $8.80 $9.20 $4.60arrow_forwardIf fixed costs are $1,260,000, the unit selling price is $202, and the unit variable costs are $110, the break-even sales (units) if fixed costs are increased by $43,800 is a.14,172 units b.17,006 units c.11,337 units d.21,258 unitsarrow_forward
- Compute the contribution margin dollars if volume is 200,000 units, price is $10 per unit, and variable costs are 60 percent of revenue.arrow_forwardGiven the cost formula Y = $12,500 + $5.00X, total cost for an activity level of 4,000 units would be: Select one: a. $16,000 b. $20,000 c. $12,500 d. $32,500arrow_forwardIf fixed costs are $1,337,000, the unit selling price is $228, and the unit variable costs are $110, the amount of sales (units) required to realize an operating income of $233,000 isarrow_forward
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