Multiple Choice
The Marietta Company has fixed costs of $75,000 and variable costs are 75% of the selling price. To realize operating income of $10,000 from sales of 80,000 units, the selling price per unit ________. (Round the answer to the nearest cent.)
A) must be $1.06
B) must be $1.42
C) must be $4.25
D) must be $3.75
Correct Answer:
Verified
Correct Answer:
Verified
Q76: Quality Stores, Inc., sells several products. Information
Q77: Zirconia Fantasy sells only necklaces. 11,000 units
Q78: If a company increases fixed costs, then
Q79: When fixed costs are $70,000 and variable
Q80: The Holiday Card Company, a producer of
Q82: Sparkle Jewelry sells 800 units resulting in
Q83: The contribution income statement highlights _.<br>A) gross
Q84: Lobster Liquidators will make $550,000 if the
Q85: The degree of operating leverage at a
Q86: Family Furniture sells a table for $950.