Question : 112.The Goldfarb Company manufactures and sells toasters. Each toaster sells : 1258557

 

112.The Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.75 and the variable cost per unit is $16.25. Goldfarb’s total fixed costs are $25,000, and budgeted sales are 8,000 units. What is the contribution margin per unit?    

A. $7.50.

B. $16.25.

C. $23.75.

D. $60,000.

E. $1.25.

113.Leeks Company’s product has a contribution margin per unit of $11.25 and a contribution margin ratio of 22.5%. What is the selling price of the product?    

A. $5.

B. $20.

C. $30.

D. $40.

E. $50.

114.Alvarez Company’s break-even point in units is 1,000. The sales price per unit is $10 and variable cost per unit is $7. If the company sells 2,500 units, what will net income be?    

A. $4,500

B. $7,500

C. $17,000

D. $35,000

E. $3,000

115.Mullis Corp. manufactures DVDs that sell for $5.00. Fixed costs are $28,000 and variable costs are $3.60 per unit. Mullis can buy a newer production machine that will increase fixed costs by $8,000 per year, but will decrease variable costs by $0.40 per unit. What effect would the purchase of the new machine have on Mullis’ break-even point in units?    

A. 4,444 unit increase.

B. 9,850 unit decrease.

C. 5,714 unit increase.

D. 4,444 unit decrease.

E. No effect.

116.At Midland Company’s break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:    

A. $20.

B. $40.

C. $60.

D. $80.

E. $100.

117.Assume that sales are predicted to be $3,750, the expected contribution margin is $1,500, and a net loss of $250 is anticipated. The break-even point in sales dollars is:    

A. $1,750.

B. $2,500.

C. $4,000.

D. $4,250.

E. $4,375.

118.During a recent fiscal year, Creek Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total variable costs must have been:    

A. $1,100,000.

B. $1,200,000.

C. $500,000.

D. $1,600,000.

E. $2,100,000.

119.In Keegan Corporation’s most recent fiscal year, the company reported pretax earnings of $215,000. Fixed costs totaled $325,800, the unit selling price of the firm’s only product was $60, and the variable costs per unit were 40% of the selling price. Based on this information, the firm’s break-even point in units was:    

A. 13,575 units.

B. 15,023 units.

C. 13,750 units.

D. 9,050 units.

E. 8,750 units.

120.A cost-volume-profit chart is also known as a(n):    

A. Operating profit chart.

B. Operating leverage chart.

C. Break-even chart.

D. Margin of safety chart.

E. Sales chart.

121.When graphing cost-volume-profit data on a CVP chart:   

A. Units are plotted on the horizontal axis; costs on the vertical axis.

B. Units are plotted on the vertical axis; costs on the horizontal axis.

C. Both units and costs are plotted on the horizontal axis.

D. Both units and cost are plotted on the vertical axis.

E. Data points always represent expected future points.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more