50.1K
Verified Solution
Link Copied!
1.Assume the following:
- variable expenses = $308,000
- unit sales = 10,000
- the contribution margin ratio = 20%
- 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:
- variable expenses = $287,000
- unit sales = 10,000
- the contribution margin ratio = 30%
- 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
