2)The sales price per unit of a widget is $19 per unit. The variable costs per u

Question

2)The sales price per unit of a widget is $19 per unit. The variable costs per unit is $5. Total fixed costs were $28,987. The ABC Company sold 5,000 units. Income from operations is $70,000.

A) True

B) False

3)The salary of the company CEO is an example of a controllable cost.

A) True

B) False

4)The Candy Shoppe reported sales of $67,000, contribution margin of $45,000, and income from operations of $17,457. Total variable costs for the company are $27,543.

A) True

B) False

6)The XYZ Company reported Sales totaling $25,000 and a contribution margin of $7,500. Total variable costs for the company were $32,500.

A) True

B) False

8)With variable costs, total costs remain the same regardless of changes in the activity base.

A) True

B) False

9)The Candy Shoppe reported sales of $67,000, contribution margin of $45,000, and income from operations of $17,457. Total fixed costs for the company are $22,000.

A) True

B) False

A) True

B) False

Explanation / Answer

Answer 2 False

=((19-5)*5000)-28987 =41013

Answer 3 False

Answer 4 False

=67000-45000 =22000

Answer 6 False

=25000-7500 = 17500

Answer 8 False

Variable cost changes with changes in level of activity

Answer 9

False

=45000-17457=27543

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.