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

Question

10)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 50,000 units. The unit contribution margin is $14.

a) true

b)false

14)Under variable costing, depreciation expense is treated as a period cost.

A) True

B) False

15)The Candy Shoppe reported sales of $67,000, contribution margin of $45,000, income from operations of $17,457, and unit contribution margin of $7. Total break even point for the company is 3,935 units (rounded to the nearest whole number).

A) True

B) False

19)The school cafeteria for Happy Middle School is an example of a market segment.

A) True

B) False

22)The difference between a company's contribution margin and income from operations is the company's fixed costs.

A) True

B) False

24)The Smith Company reported sales of $92,787 with a contribution margin ratio of 35%. Therefore, the company has $60,312 (rounded to the nearest dollar) left to cover fixed costs.

A) True

B) False

25)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. The contribution margin is $41,013.

A) True

B) False

a) true

b)false

Explanation / Answer

Ans-

10 True

Selling value 19

Variable cost 5

CPM=

19-5=14

14

Under variable costing, depreciation expense is treated as a period cost

True

15

False

22

true

Sales $   67,000.00 variable cost $   22,000.00 67000-45000 contribution $   45,000.00 7 Fixed Cost $   27,543.00 45000-17457 Profit $   17,457.00

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