Unit 3 Quiz

1. Which of the following is not a cost classification? (Points 2) conglomerate Multiple Variable Fixed 2. Which of the following is not a rooted(p) cost? (Points 2) Direct materials Depreciation Lease charge Property taxes 3. At the break-even pip of 2,500 units, variable star costs ar $55,000, and inflexible costs are $32,000. How a great deal is the selling price per unit? (Points 2) $34. 80 $9. 20 $12. 80 $22. 00 4. The germane(predicate) range of operation refers to the (Points 2) geographical areas where the phoner plans to operate. activity train where all costs are curvilinear. levels of activity over which the company expects to operate. evel of activity where all costs are constant. 5. A CVP graph does not accommodate a (Points 2) variable cost line. dogged cost line. gross revenue line. impart cost line. 6. Which one of the following is not an assumption of CVP analysis? (Points 2) completely units produced are sold. All costs are variable costs. Sales unify remains constant. The behavior of costs and revenues are linear within the relevant range. 7. Variable costs for Foley, Inc. are 25% of sales. Its selling price is $80 per unit. If Foley sells one unit more than break-even units, how much will profit emergence? (Points 2) $60. 00 $20. 00 $26. 66 $320. 00 8.Tiny Tots Toys has actual sales of $400,000 and a break-even point of $260,000. How much is its mete of safety ratio? (Points 2) 35% 65% 154% 53. 8% 9. The following monthly data are available for Wackadoos, Inc. which produces only(prenominal) one product exchange price per unit, $42 Unit variable expenses, $14 Total fixed expenses, $42,000 Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June? (Points 2) $70,000 $105,000 $63,000 $2,500 10. Hess, Inc. sells a product with a contribution margin of $12 per unit, fixed costs of $74,400, and sales for the current year of $100,000.How much is Hesss break-even point? (P oints 2) 4,600 units $25,600 6,200 units 2,133 units m Remaining 43. Hess, Inc. sells a product with a contribution margin of $12 per unit, fixed costs of $74,400, and sales for the current year of $100,000. How much is Hesss break-even point? (Points 4) 4,600 units $25,600 6,200 units 2,133 units BEP = $74,400/$12 = 6,200 units 46. The following monthly data are available for Wackadoos, Inc. which produces only one product Selling price per unit, $42 Unit variable expenses, $14 Total fixed expenses, $42,000 Actual sales for the month of June, 4,000 units.How much is the margin of safety for the company for June? (Points 4) $70,000 $105,000 $63,000 $2,500 UCM = $42 $14 = $28 BEP = $42,000 / $28 = 1,500 units BEP $ = 1,500 ? $42 = $63,000 Expected Sales $ = $42 ? 4,000 = $168,000 MOS = $105,000 41. Tiny Tots Toys has actual sales of $400,000 and a break-even point of $260,000. How much is its margin of safety ratio? (Points 4) 35% 65% 154% 53. 8% Margin of Safety = $400,000 $260, 000 = $140,000 Margin of Safety dimension = $140,000/$400,000 = 35%