Question : 128.Charlie Shine has written a self-improvement book. The following its : 1302731

 

 

128.Charlie Shine has written a self-improvement book. The following are its pricing and cost details:

 

Selling price              $18.00 per book

Variable cost per unit:

Production              $3.50

Selling & administrative              1.90

Fixed costs:

Production              $33,600 per year

Selling & administrative              15,540 per year

 

What is the cost formula for this operation, where TC = Total cost and x = units sold?

A.TC = 12.60x – 49,140

B.TC = 6x + 49,140

C.TC = 5.40x – 49,140

D.TC = 5.40x + 49,140

 

129.Charlie Shine has written a self-improvement book. The following are its pricing and cost details:

 

Selling price              $18.00 per book

Variable cost per unit:

Production              $3.50

Selling & administrative              1.90

Fixed costs:

Production              $33,600 per year

Selling & administrative              15,540 per year

 

Charlie Shine is currently selling 5,200 books per year. What impact would a 22% increase in sales have on profit?

A.Profit would increase by 22%.

B.Profit would increase by 100%.

C.Profit would increase by $20,592.

D.Profit would increase by $14,414.

 

130.Charlie Shine has written a self-improvement book. The following are its pricing and cost details:

 

Selling price              $18.00 per book

Variable cost per unit:

Production              $3.50

Selling & administrative              1.90

Fixed costs:

Production              $33,600 per year

Selling & administrative              15,540 per year

 

Assume the variable production cost and the selling price were each increased by $0.30 per book. Which of the following would change?

A.Contribution margin ratio

B.Contribution margin per unit

C.Break-even point in units

D.Total fixed costs

 

131.Talk Time Cellular sells smart phones for $150. The unit variable cost per phone is $25 plus a selling commission of 10%. Fixed manufacturing costs total $5,600 per month, while fixed selling and administrative costs total $2,100. What is the contribution margin per phone?

A.$125

B.$110

C.$50

D.There is not enough information provided to determine the answer.

 

132.Talk Time Cellular sells smart phones for $150. The unit variable cost per phone is $25 plus a selling commission of 10%. Fixed manufacturing costs total $5,600 per month, while fixed selling and administrative costs total $2,100. How many phones must be sold to avoid a loss on the company’s income statement?

A.62 phones

B.51 phones

C.70 phones

D.45 phones

 

133.Talk Time Cellular sells smart phones for $150. The unit variable cost per phone is $25 plus a selling commission of 10%. Fixed manufacturing costs total $5,600 per month, while fixed selling and administrative costs total $2,100. Talk Time expects sales of $12,300 during next year. How much is the margin of safety estimated for next year?

A.$82

B.$10,500

C.$1,320

D.$1,800

 

134.Bunch of Books, a producer of children’s books, has provided the following information:

Selling price per unit              $6.60

Contribution margin per unit              $3.00

Total fixed costs              $46,200

What is the break-even point in books?

A.20,790 books

B.15,400 books

C.12,833 books

D.7,000 books

 

135.Brewster Café has estimated that fixed costs per month are $114,840 and variable cost per dollar of sales is 42%. Sales during June totaled $220,000. What is the break-even point per month in sales?

A.$273,429

B.$198,000

C.$22,000

D.None of these answer choices are correct.

 

136.Brewster Café has estimated that fixed costs per month are $114,840 and variable cost per dollar of sales is 42%. Sales during June totaled $220,000. What level of sales is needed for a monthly profit of $31,900?

A.$253,000

B.$198,000

C.$239,140

D.$349,381

 

137.Brewster Café has estimated that fixed costs per month are $114,840 and variable cost per dollar of sales is 42%. For the month of July, the cafe anticipates sales of $300,000. What is the expected level of profit?

A.$126,000

B.$59,160

C.$174,000

D.$11,160

 

 

 

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