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47 variable costs would include a rent expense b depreciation expense c sales commis 4298358

 

 

47. Variable costs would include: 
A. Rent expense.
B. Depreciation expense.
C. Sales commission expense.
D. Executive salaries expense.

 

 

48. Fixed costs: 
A. Fall as sales volume falls.
B. Rise as sales volume rises.
C. Rise as sales volume falls.
D. Remain steady when sales volume changes.

 

 

49. If unit sales prices are $7 and variable costs are $5 per unit, how many units would have to be sold to break-even if fixed costs equal $8,000? 
A. 2,000.
B. 3,000.
C. 4,000.
D. 3,800.

 

 

50. If the unit sales price is $7 and variable costs are $3, how many units have to be sold to earn a profit of $3,600 if fixed costs equal $5,000? 
A. 900.
B. 1,250.
C. 1,500.
D. 2,150.

 

 

51. If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $26,000 what is the contribution ratio per unit? 
A. 40%.
B. 50%.
C. 60%.
D. 70%.

 

 

52. If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $36,000 what are the sales in dollars necessary to break-even? 
A. $90,000.
B. $72,000.
C. $70,000.
D. $60,000.

 

 

53. If the unit sales price is $14, variable costs are $7 per unit and fixed costs are $42,000, how many units must be sold to earn an income of $250,000? 
A. 52,142.
B. 41,715.
C. 34,762.
D. 29,796.

 

 

54. A product sells for $125, variable costs are $80, and fixed costs are $45,000. If the selling price can be increased by 20% with a similar increase in variable costs, how many less units would have to be sold to earn $300,000? 
A. 5,595 units.
B. 7,667 units.
C. 1,278 units.
D. 6,389 units.

 

 

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month period.
 

 

55. Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour. 
A. $0.87 per machine hour.
B. $1.50 per machine hour.
C. $1.40 per machine hour.
D. $2.10 per machine hour.

 

 

56. Using the high-low method, compute the fixed element of Olsen's monthly overhead cost. 
A. $33,000.
B. $35,000.
C. $37,500.
D. $40,000.

 

 

 

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