17. Hocus Pocus Company has a contribution margin ratio of 40% and fixed costs of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
17. Hocus Pocus Company has a contribution margin ratio of 40% and fixed costs of $50,000. If the selling price per unit is $80, how much is the break-even point in dollars? a. $100,000. b. E125,000. c. $150,000. d. $200,000. 18. Management accounting deals with what kind of information a. Quantitative. b. Qualitative. c. Both Qualitative and Quantitative. d. None of the above. 19. A budget with revenue more than expenditure in a financial year is said to be in? a. Deficit. b. Surplus. c. Equilibrium. d. Shortfall. 20. The difference between the break-even sales and the normal level of sale, measured in units or currency of sale, is known as the? a. Profit Margin. b. Margin of Safety. c. Marginal Contribution. d. Sale Margin
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
