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20outof20points
TimeElapsed
26minutesoutof1hour
ResultsDisplayed SubmittedAnswers,CorrectAnswers
Question1
Question2
2outof2points
GallManufacturingsellsaproductfor$50perunit.Thefixedcostsare$840,000andthevariable
costsare60%ofthesellingprice.Asaresultofnewautomatedequipment,itisanticipatedthatfixed
costswillincreaseby$200,000andvariablecostswillbe50%ofthesellingprice.Thenewbreak
evenpointinunitsis:
SelectedAnswer:
41,600.
CorrectAnswer:
41,600.
2outof2points
Acompanyhastotalfixedcostsof$240,000andacontributionmarginratioof20%.Thetotalsales
necessarytobreakevenare
SelectedAnswer:
$1,200,000.
CorrectAnswer:
$1,200,000.
Question3
TwocostsatBradshawCompanyappearbelowforspecificmonthsofoperation.
MonthAmountUnitsProduced
DeliverycostsSeptember$40,00040,000
October55,00060,000
UtilitiesSeptember$84,00040,000
October126,00060,000
Whichtypeofcostsarethese?
SelectedAnswer:
Deliverycostsaremixedandutilitiesarevariable.
CorrectAnswer:
Deliverycostsaremixedandutilitiesarevariable.
Question4
Iftheactivitylevelincreases10%,totalvariablecostswill
SelectedAnswer:
increase10%.
CorrectAnswer:
increase10%.
Question5
TheequationwhichreflectsaCVPincomestatementis
SelectedAnswer:
SalesVariablecostsFixedcosts=Netincome.
CorrectAnswer:
SalesVariablecostsFixedcosts=Netincome.
Question6
Coststructure
2outof2points
2outof2points
2outof2points
2outof2points
Selected
Answer:
referstotherelativeproportionoffixedversusvariablecoststhatacompany
incurs.
CorrectAnswer:
referstotherelativeproportionoffixedversusvariablecoststhatacompany
incurs.
Question7
Thecontributionmarginratiois
SelectedAnswer:
contributionmargindividedbysales.
CorrectAnswer:
contributionmargindividedbysales.
Question8
Acompanywithahighercontributionmarginratiois
Question9
SelectedAnswer:
moresensitivetochangesinsalesrevenue.
CorrectAnswer:
moresensitivetochangesinsalesrevenue.
2outof2points
2outof2points
2outof2points
In2016,TellerCompanysold3,000unitsat$600each.Variableexpenseswere$420perunit,and
fixedexpenseswere$270,000.Thesamesellingprice,variableexpenses,andfixedexpensesare
expectedfor2017.WhatisTellersbreakevenpointinsalesdollarsfor2017?
SelectedAnswer:
$900,000
CorrectAnswer:
$900,000
Question10
Salesmixis
2outof2points
SelectedAnswer:
therelativepercentageinwhichacompanysellsitsmultipleproducts.
CorrectAnswer:
therelativepercentageinwhichacompanysellsitsmultipleproducts.
Sunday,August7,201611:30:23AMEDT