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Book/movie review
22/08/2022
Question 1
Redford, Inc. has provided the following data:
Sales Price $200.00per unit
Sales 6,000Units
Fixed Cost $300,000
Variable cost $100.00per unit
If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, net income will:
A. decrease by $60,000.
B. increase by $60,000.
C. increase by $120,000.
D. increase by $420,000.
Question 2
Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit based on the current level of activity, and fixed selling and administrative costs are $16 per unit. The contribution margin per unit is:
a. $104
b. $72
c. $60
d. $48
Question 3
Iacopi Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $172.50 per unit.
Sales volume (units) 4,000 5,000
Cost of sales $307,600 $384,500
Selling and administrative costs $321,200 $337,000
The best estimate of the total contribution margin when 4,300 units are sold is:
a. $343,140
b. $65,790
c. $121,260
d. $411,080
Question 4
Shipping expense is $9,000 for 8,000 pounds shipped and $11,250 for 11,000 pounds shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 pounds, its expected shipping expense is closest to:
a. $10,125
b. $8,583
c. $9,972
d. $9,750
Question 5
Fixed cost per unit increases as activity decreases and decreases as activity increases.
True
False
Question 6
Within the relevant range, the variable cost per unit:
A. remains constant as activity changes
B. increases as activity increases.
C. decreases as activity increases.
D. can increase or decrease as the activity changes.
The writer is very fast, professional and responded to the review request fast also. Thank you.
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