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Cornerstones of Managerial Accounting Study Set 1
Quiz 4: Costvolumeprofit Analysis: a Managerial Planning Tool
Refer to the Figure
Question 51
Multiple Choice
Refer to the Figure.How many units must Acme sell to earn a profit of $40,000? A) 2,000 B) 8,500 C) 20,000 D) 22,000
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Related questions
Q 52
What formula is used to calculate the sales dollars needed to earn a desired profit? A) (fixed costs + contribution margin) / (1 − variable cost ratio) B) (fixed costs + desired profit) / (1 − variable cost ratio) C) (fixed costs + variable costs) / (1 − variable cost ratio) D) (fixed costs + desired profit) / (1 − sales ratio)
Q 53
Assume the following information:
What volume of sales dollars is needed to break even? A) $12,000 B) $48,000 C) $75,000 D) $300,000
Q 54
Bonda,Inc.sells its product for $90.It has a variable cost ratio of 50% and total fixed costs of $14,000.What is the break-even point in sales dollars? A) $3,600 B) $7,000 C) $14,000 D) $28,000
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