1. Knox Corp has a selling price of $28, variable costs of $18.76 per unit,...
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Accounting
1. Knox Corp has a selling price of $28, variable costs of $18.76 per unit, and fixed costs of $22,000. If Knox sells 9,200 units, the contribution margin ratio will equal:
850.08%
33.00%
12.05%
20.95%
2. Megan, Inc. has fixed costs of $447,000, sales price of $42, and variable cost of $32 per unit. How many units must be sold to earn profit of $83,000?
53,000
1,976
10,276
44,700
3. Allen, Inc., has a contribution margin of 54% and fixed costs of $288,576. What is the break-even point in sales dollars?
$155,831
$245,824
$288,576
$534,400
4. Orchid Corp. has a selling price of $15, variable costs of $12 per unit, and fixed costs of $22,500. If Orchid sells 12,500 units, contribution margin will equal: 03-
$107,500
$15,000
$97,500
$37,500
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