Question :
51. Harrison Manufacturing has the following product information available:
Sales price
: 1295597
51. Harrison Manufacturing has the following product information available:
Sales price
$50 per unit
Variable costs
$26 per unit
Fixed costs
$87,600
Refer to the Harrison Manufacturing information above. What do total sales dollars need to be in order to earn a target profit of $200,400? A. $235,000B. $600,000C. $288,000D. $417,500
52. Tucker Corp. has the following product information:
Sales price
$12 per unit
Contribution margin ratio
40%
Fixed costs
$45,000
Refer to the Tucker Corp. information above. What is the break-even point in sales dollars? A. $ 45,000B. $ 12,500C. $1,350,000D. $ 9,375
53. Tucker Corp. has the following product information:
Sales price
$12 per unit
Contribution margin ratio
40%
Fixed costs
$45,000
Refer to the Tucker Corp. information above. What is the break-even point in units? A. 1,500B. 112,500C. 216,000D. 9,375
54. Tucker Corp. has the following product information:
Sales price
$12 per unit
Contribution margin ratio
40%
Fixed costs
$45,000
Refer to the Tucker Corp. information above. How many units need to be sold in order to earn a target profit of $542,400? A. 234,960B. 216,960C. 113,000D. 122,375
55. Cameron Corp. has the following product information:
Sales price
$20 per unit
Contribution margin ratio
35%
Fixed costs
$59,500
Refer to the Cameron Corp. information above. What is the break-even point in sales dollars? A. $ 20,825B. $ 59,500C. $170,000D. $416,500
56. Cameron Corp. has the following product information:
Sales price
$20 per unit
Contribution margin ratio
35%
Fixed costs
$59,500
Refer to the Cameron Corp. information above. What is the break-even point in units? A. 8,500B. 2,975C. 1,041D. 170,000
57. Cameron Corp. has the following product information:
Sales price
$20 per unit
Contribution margin ratio
35%
Fixed costs
$59,500
Refer to the Cameron Corp. information above. How many units need to be sold in order to earn a target profit of $299,950? A. 42,850 B. 51,350C. 34,350D. 125,808
58. Angelo’s is a locally run and operated pizza parlor. Last month, the restaurant broke-even when 400 pizzas were served. The average variable costs per pizza are $2.50 and fixed costs for the month totaled $6,000. What is the average selling price of a pizza? A. $15.00B. $12.50C. $17.50D. $ 6.00
59. Floyd’s Barbershop has fixed costs of $3,000 per month. Floyd currently breaks-even when it performs 400 haircuts a month. Floyd charges customers $10 per cut. What are Floyd’s variable costs per cut? A. $ 2.50B. $ 7.50C. $17.50D. $ 1.33
60. Floyd’s Barbershop has fixed costs of $3,000 per month. Floyd regularly performs 400 haircuts a month and he does not anticipate this to change. Each haircut has a variable cost of $4.00. If Floyd would like to earn a target profit of $2,000, what does he need to charge for each haircut? A. $12.50B. $16.50C. $11.50D. $ 8.50
