Question :
141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope : 1226896
141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope of the total cost line is dependent on the fixed cost per unit.C. total cost line begins at the total fixed cost value on the vertical axis.D. total cost line normally begins at zero.
142. The relative distribution of sales among the various products sold by a business is termed the: A. business’s basket of goodsB. contribution margin mixC. sales mixD. product portfolio
143. When a business sells more than one product at varying selling prices, the business’s break-even point can be determined as long as the number of products does not exceed: A. twoB. threeC. fifteenD. there is no limit
144. Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
Product
Unit SellingPrice
Unit VariableCost
Unit ContributionMargin
Arks
$120
$80
$40
Bins
80
60
20
What was Carter Co.’s sales mix last year? A. 20% Arks, 80% BinsB. 12% Arks, 28% BinsC. 70% Arks, 30% BinsD. 40% Arks, 20% Bins
145. Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
Product
Unit SellingPrice
Unit VariableCost
Unit ContributionMargin
Arks
$120
$80
$40
Bins
80
60
20
What was Carter Co.’s weighted average unit selling price? A. $200B. $100C. $ 80D. $ 88
146. Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
Product
Unit SellingPrice
Unit VariableCost
Unit ContributionMargin
Arks
$120
$80
$40
Bins
80
60
20
What was Carter Co.’s weighted average variable cost? A. $140B. $ 70C. $ 64D. $ 60
147. Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
Product
Unit SellingPrice
Unit VariableCost
Unit ContributionMargin
Arks
$120
$80
$40
Bins
80
60
20
What was Carter Co.’s weighted average unit contribution margin? A. $24B. $60C. $92D. $20
148. Carter Co. sells two products, Arks and Bins. Last year Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
Product
Unit SellingPrice
Unit VariableCost
Unit ContributionMargin
Arks
$120
$80
$40
Bins
80
60
20
Assuming that last year’s fixed costs totaled $960,000, what was Carter Co.’s break-even point in units? A. 40,000 unitsB. 12,000 unitsC. 35,000 unitsD. 28,000 units
149. If a business had sales of $4,000,000 and a margin of safety of 20%, the break-even point was: A. $5,000,000B. $3,200,000C. $12,000,000D. $1,000,000
150. Forde Co. has an operating leverage of 4. Sales are expected to increase by 8% next year. Operating income is: A. unaffectedB. expected to increase by 2%C. expected to increase by 32%D. expected to increase by 4 %
