Project #46318 - Corporate finance Management

Question 1 (1 point)

 Question 1 Unsaved

 

Thomas Train has collected the following information over the last six months.

Month Units produced Total costs
March 10,000 $25,600
April 12,000 26,200
May 19,800 29,600
June 13,000 26,450
July 12,000 26,000
August 15,000 26,500

Using the high-low method, what is the variable cost per unit?

 
Question 1 options:

Save

 

Question 2 (1 point)

 Question 2 Unsaved
 

Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:

  January February March April May June July
Number of rooms cleaned 250 160 200 150 270 170 260
Cleaning cost $6,450 $4,060 $5,100 $4,100 $7,000 $4,200 $6,530

How much are estimated monthly variable costs using the high-low method?

 
Question 2 options:

Save

 

Question 3 (1 point)

 Question 3 Unsaved
 

A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a

 
Question 3 options:

mixed cost

step cost

variable cost

fixed cost

Save

 

Question 4 (1 point)

 Question 4 Unsaved
 

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $180,800, how many dollars of revenue must the company generate in order to reach the break-even point?

 
Question 4 options:

Save

 

Question 5 (1 point)

 Question 5 Unsaved
 

Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price $16.00 per book
Variable cost per unit:  
Production $4.00
Selling & administrative 2.00
Fixed costs:  
Production $93,000 per year
Selling & administrative 23,100 per year

How many units must be sold to break-even?

 
Question 5 options:

Save

 

Question 6 (1 point)

 Question 6 Unsaved
 

The use of fixed cost to increase profits at a rate faster than sales increase is called:

 
Question 6 options:

“What if “ analysis

C-V-P analysis

operating leverage

contribution margin approach

Save

 

Question 7 (1 point)

 Question 7 Unsaved
 

Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $100, unit variable cost is $45, and the fixed costs per month are $5,000. The margin of safety is:

 
Question 7 options:

Save

 

Question 8 (1 point)

 Question 8 Unsaved
 

Which of the following statements about the relevant range is true?

 
Question 8 options:

Cost functions outside the relevant range are usually linear

The relevant range is the normal length of time in a company’s accounting period

Estimates outside the relevant range are useful

Cost functions within the relevant range are assumed to be linear

 

Subject Business
Due By (Pacific Time) 11/07/2014 12:00 am
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy