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1)
Carter Co. sells two products, Arks and Bins. Last year, Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data are:
| Product | Unit Selling Price | Unit Variable Cost | Unit Contribution Margin |
| Arks | $120 | $80 | $40 |
| Bins | 80 | 60 | 20 |
What was Carter Co.'s variable cost of E?
a.$70
b.$60
c.$140
d.$64
2)
Bryce Co. sales are $813,000, variable costs are $466,700, and operating income is $207,000. What is the contribution margin ratio?
a.42.6%
b.38.3%
c.62.6%
d.57.4%
3)
As production increases, the fixed cost per unit
a.decreases
b.remains the same
c.increases
d.either increases or decreases, depending on the variable costs
4)
If the contribution margin ratio for France Company is 46%, sales were $499,000, and fixed costs were $90,000, what was the income from operations?
a.$111,632
b.$139,540
c.$90,000
d.$229,540
Answer & Explanation
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