Multiple Choice
Use the following information for questions
Swanson Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Swanson incurs $6,660,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%.
-The break-even point in dollars is
A) $2,464,200.
B) $15,488,373.
C) $16,650,000.
D) $18,000,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q104: The contribution margin ratio is<br>A) sales divided
Q105: If a company has limited machine hours
Q106: When a company assigns the costs of
Q107: Use the following information for questions <br>Nielson
Q108: Some fixed manufacturing overhead costs of the
Q109: The degree of operating leverage<br>A) does not
Q110: For Wickham Co., sales is $3,000,000, fixed
Q111: In CVP analysis, cost includes manufacturing costs
Q113: In a CVP income statement, cost of
Q114: The margin of safety ratio<br>A) is computed