4The records of the Dodge Corporation show the following results for the most re
ID: 2412957 • Letter: 4
Question
4The records of the Dodge Corporation show the following results for the most recent year at a f4. level of 16,000 units of sales: Total Sales (16,000 units) $256,000 Total Variable expenses $160,000 Net operating income $32,000 Given these data, the unit contribution margin was: A. $16 B. $4 ?. $2 D. $6 15. Minist Corporation sells a single product for $15 per unit. Last year, the company's sales revenue was $225,000 and its net operating income (sales-variable costs-fixed costs) was $18,000. If fixed expenses totaled $72,000 for the year, the break-even point in units was: A. 15,000 B. 9,900 C. 14,100 D. 12,000 Last year Easton Corporation reported sales of $720,000, a total contribution margin ratio (CTotal Sales-Total Variable Costs)/Total Sales) of 30%. The company also posted a net loss of $24,000. Based on this information, the break-even point in sales dollars was: A. $640,000 B. $880,000 C. $744,000 D. $800,000 16. Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $66.70 per unit. The fixed expense is $212,290 per month. The break-even 17. in monthly units is closest to: A. 1,300 B. 3,183 C. 1,802 D. 923 7Explanation / Answer
Answers
Question 14
A
Total Sales
$ 2,56,000.00
B
Total variable expenses
$ 1,60,000.00
C = A - B
Contribution margin
$ 96,000.00
D
Units sold
16000
E = C/D
Unit Contribution margin
$ 6.00
Answer
Option D: $ 6
Question 15
A
Sales
$ 2,25,000.00
B
Net Operating Income
$ 18,000.00
C=A-B
Total Cost
$ 2,07,000.00
D
Fixed Cost
$ 72,000.00
E=C-D
Variable cost
$ 1,35,000.00
F=A-E
Contribution margin
$ 90,000.00
G=F/A
Contribution margin ratio
40%
H=D/G
Break Even in $
$ 1,80,000.00
I
Unit Sale price
$ 15.00
J=H/I
Break Even point in Units
12000
Answer
Option D: 12,000 units
Question 16
A
Sales
$ 7,20,000.00
B= A X 30%
Contribution margin
$ 2,16,000.00
C
Net Loss
$ 24,000.00
D=B+C
Fixed Cost
$ 2,40,000.00
E=D/30%
Break Even in Sales dollars
$ 8,00,000.00
Answer
Option D: $ 800,000
Question 17
A
Unit Sale price
$ 230.00
B
Unit Variable cost
$ 66.70
C=A-B
Unit Contribution margin
$ 163.30
D
Fixed cost
$ 2,12,290.00
E=D/C
Break Even in Units
1300
Answer
Option A: 1,300 units
Question 14
A
Total Sales
$ 2,56,000.00
B
Total variable expenses
$ 1,60,000.00
C = A - B
Contribution margin
$ 96,000.00
D
Units sold
16000
E = C/D
Unit Contribution margin
$ 6.00
Answer
Option D: $ 6
Question 15
A
Sales
$ 2,25,000.00
B
Net Operating Income
$ 18,000.00
C=A-B
Total Cost
$ 2,07,000.00
D
Fixed Cost
$ 72,000.00
E=C-D
Variable cost
$ 1,35,000.00
F=A-E
Contribution margin
$ 90,000.00
G=F/A
Contribution margin ratio
40%
H=D/G
Break Even in $
$ 1,80,000.00
I
Unit Sale price
$ 15.00
J=H/I
Break Even point in Units
12000
Answer
Option D: 12,000 units
Question 16
A
Sales
$ 7,20,000.00
B= A X 30%
Contribution margin
$ 2,16,000.00
C
Net Loss
$ 24,000.00
D=B+C
Fixed Cost
$ 2,40,000.00
E=D/30%
Break Even in Sales dollars
$ 8,00,000.00
Answer
Option D: $ 800,000
Question 17
A
Unit Sale price
$ 230.00
B
Unit Variable cost
$ 66.70
C=A-B
Unit Contribution margin
$ 163.30
D
Fixed cost
$ 2,12,290.00
E=D/C
Break Even in Units
1300
Answer
Option A: 1,300 units
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