Ponszko Nursery used high-low data from June and July to determine its variable cost of $18 per unit.Additional information follows: $\begin{array}{llr}\text { Month}&\text { Units produced }&\text {Total costs }\\ \text { June } & 2,000 & \$ 48,000 \\ \text { July } & 1,000 & 30,000 \end{array}$ If Ponszko's produces 2,300 units in August, how much is its total cost expected to be?

A) $12,000 B) $59,400 C) $41,400 D) $53,400 A) $12,000 B) $59,400 C) $41,400 D) $53,400

Exam 5: Merchandising Operations and the Multiple-Step Income Statement

Boswell company reported the following information for the current year: Sales (50,000 units) $1,000,000, direct materials and direct labor $500,000, other variable costs $50,000, and fixed costs $270,000.What is Boswell's break-even point in units?

(Multiple Choice)

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Question 141

Gall Manufacturing sells a product for $50 per unit.The fixed costs are $735,000 and the variable costs are 60% of the selling price.As a result of new automated equipment, it is anticipated that fixed costs will increase by $175,000 and variable costs will be 50% of the selling price.The new break-even point in units is:

(Multiple Choice)

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Question 142

Changes in activity have a(n) _________ effect on fixed costs per unit.

(Multiple Choice)

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Question 143

Cost activity indexes might help classify costs as

(Multiple Choice)

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Question 144

Bruno & Court is a nonprofit organization that captures stray deer bewildered within residential communities.Fixed costs are $15,000.The variable cost of capturing each deer is $10 each.Bruno & Court is funded by a local philanthropy in the amount of $48,000 for 2013.How many deer can Bruno & Court capture during 2013?

(Multiple Choice)

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Question 145

In CVP analysis, the term "cost" includes manufacturing costs, and selling and administrative expenses.

(True/False)

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Question 146

At the break-even point of 2,000 units, variable costs are $110,000, and fixed costs are $64,000.How much is the selling price per unit?

(Multiple Choice)

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Question 147

A company has total fixed costs of $200,000 and a contribution margin ratio of 20%.The total sales necessary to break even are

(Multiple Choice)

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Question 148

The break-even point is where total sales equal total variable costs.

(True/False)

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Question 149

Which of the following would not be an acceptable way to express contribution margin?

(Multiple Choice)

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Question 150

For planning purposes, mixed costs are generally grouped with fixed costs.

(True/False)

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Question 151

For analysis purposes, the high-low method usually produces a(n)

(Multiple Choice)

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Question 152

Ponszko Nursery used high-low data from June and July to determine its variable cost of $18 per unit.Additional information follows: Month Units produced Total costs June 2,000 \ 48,000 July 1,000 30,000 If Ponszko's produces 2,300 units in August, how much is its total cost expected to be?

(Multiple Choice)

4.9/5

(35)

Question 153

Pascal, Inc.is planning to sell 800,000 units for $1.50 per unit.The contribution margin ratio is 20%.If Pascal will break even at this level of sales, what are the fixed costs?

(Multiple Choice)

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Question 154

To which function of management is CVP analysis most applicable?

(Multiple Choice)

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Question 155

Zehms, Inc.has a contribution margin per unit of $21 and a contribution margin ratio of 60%.How much is the selling price of each unit?

(Multiple Choice)

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Question 156

Showing 141 - 156 of 156

Boswell company reported the following information for the current year: Sales (50,000 units) $1,000,000, direct materials and direct labor $500,000, other variable costs $50,000, and fixed costs $270,000.What is Boswell's break-even point in units?

Changes in activity have a(n) _________ effect on fixed costs per unit.

Cost activity indexes might help classify costs as

In CVP analysis, the term "cost" includes manufacturing costs, and selling and administrative expenses.

At the break-even point of 2,000 units, variable costs are $110,000, and fixed costs are $64,000.How much is the selling price per unit?

A company has total fixed costs of $200,000 and a contribution margin ratio of 20%.The total sales necessary to break even are

The break-even point is where total sales equal total variable costs.

Which of the following would not be an acceptable way to express contribution margin?

For planning purposes, mixed costs are generally grouped with fixed costs.

For analysis purposes, the high-low method usually produces a(n)

Ponszko Nursery used high-low data from June and July to determine its variable cost of $18 per unit.Additional information follows: Month Units produced Total costs June 2,000 \ 48,000 July 1,000 30,000 If Ponszko's produces 2,300 units in August, how much is its total cost expected to be?

Pascal, Inc.is planning to sell 800,000 units for $1.50 per unit.The contribution margin ratio is 20%.If Pascal will break even at this level of sales, what are the fixed costs?

To which function of management is CVP analysis most applicable?

Zehms, Inc.has a contribution margin per unit of $21 and a contribution margin ratio of 60%.How much is the selling price of each unit?

Introduction to Financial Statements

A Further Look at Financial Statements

The Accounting Information System

Accrual Accounting Concepts

Reporting and Analyzing Inventory

Fraud, Internal Control, and Cash

Reporting and Analyzing Receivables

Reporting and Analyzing Long-Lived Assets

Reporting and Analyzing Liabilities

Reporting and Analyzing Stockholders Equity

Statement of Cash Flows

Financial Analysis: the Big Picture

Managerial Accounting

Time Value of Money and Present Value Calculations

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