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