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  3. 1.assume the following: variable expenses = $308,

1.Assume the following: variable expenses = $308,000 unit sales = 10,000 the contribution margin...

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Accounting

1.Assume the following:

  1. variable expenses = $308,000
  2. unit sales = 10,000
  3. the contribution margin ratio = 20%
  4. net operating income = $10,000

Given these four assumptions, which of the following is true?

Multiple Choice

The total fixed expenses = $61,600

The break-even point in sales dollars is $335,000

The total contribution margin = $246,400

The total sales = $369,600

2. Assume the following:

  1. variable expenses = $287,000
  2. unit sales = 10,000
  3. the contribution margin ratio = 30%
  4. net operating income = $10,000

Given these four assumptions, which of the following is true?

Multiple Choice

The total fixed expenses = $86,100

The variable expense ratio is 233%

The total contribution margin = $200,900

The total sales = $410,000

Answer & Explanation Solved by verified expert
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