Question 1 (1 point) Thomas Train has collected the following information over the last six months.
Question 1 (1 point)
Thomas Train has collected the following information over the last six months.
Month
Units produced
Total costs
March
10,000
$25,600
April
12,000
26,200
May
18,200
29,200
June
13,000
26,450
July
12,000
26,000
August
15,000
26,500
Using the high-low method, what is the variable cost per unit?
Question 2 (1 point)
Rooter’s Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:
January
February
March
April
May
June
July
Number of rooms cleaned
250
160
200
150
300
170
260
Cleaning cost
$6,450
$4,060
$5,100
$4,100
$6,640
$4,200
$6,530
How much are estimated monthly variable costs using the high-low method?
Your Answer:
Question 4 (1 point)
Winny’s Office Furniture has a contribution margin ratio of 16%. If fixed costs are $191,300, how many dollars of revenue must the company generate in order to reach the break-even point?
Your Answer:
Question 5 (1 point)
Tim Taylor has written a self improvement book that has the following cost characteristics:
Selling Price
$16.00 per book
Variable cost per unit:
Production
$4.00
Selling & administrative
2.00
Fixed costs:
Production
$97,400 per year
Selling & administrative
21,300 per year
How many units must be sold to break-even?
Your Answer:
Question 7 (1 point)
Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $35, and the fixed costs per month are $5,000. The margin of safety is:
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