charter oak acc106 week 6 test part 1

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·

. A
semivariable cost:

Answer

·
Question 2

5 out of 5 points

2. In order to
calculate break-even sales units, fixed costs are divided by:

Answer

·
Question 3

0 out of 5 points

3. In the area of
cost-volume-profit analysis, the contribution margin ratio shows how much
each dollar of sales contributes to:

Answer

·
Question 4

5 out of 5 points

4. How will a
company’s contribution margin be affected by an investment in equipment that
increases fixed costs in order to achieve a reduction in direct labor cost?

Answer

·
Question 5

5 out of 5 points

5. The dollar amount
by which sales can decline before an operating loss is incurred is called the

Answer

·
Question 6

5 out of 5 points

6. Variable costs
would include

Answer

·
Question 7

5 out of 5 points

7. If unit sales are
$5 and variable costs are $2, how many units have to be sold to earn a profit
of $2,400 if fixed costs equal $6,000?

Answer

·
Question 8

5 out of 5 points

8. If unit sales are
$12, variable costs are $7.20 per unit and fixed costs are $24,000 what is
the contribution ratio per unit?

Answer

·
Question 9

5 out of 5 points

9. If unit sales are
$12, variable costs are $7.20 per unit and fixed costs are $24,000 what are
the sales in dollars in order to break even?

Answer

·
Question 10

5 out of 5 points

Use the following to answer questions 10-12:

The following information is available regarding
the total manufacturing overhead of Allenby Company for a recent four-month
period.

Machine

Mfg.

Hours

Overhead

April…………………………………………………………………………

80,000

$162,000

May………………………………………………………………………….

70,000

145,000

June………………………………………………………………………….

100,000

190,000

July…………………………………………………………………………..

85,000

173,000

10. Refer to the
above information. Using
the high-low method, compute the variable element of manufacturing overhead
cost per machine hour.

Answer

·
Question 11

5 out of 5 points

11. Refer to the
above information. Using
the high-low method, compute the fixed element of Allenby’s monthly overhead
cost.

Answer

·
Question 12

5 out of 5 points

12. Refer to the
above information. Allenby’s
projected August operations will require approximately 110,000 machine hours.
Using the high-low method, compute total manufacturing overhead estimated for
August.

Answer

·
Question 13

0 out of 5 points

13. A company with an
operating income of $72,000 and a contribution margin ration of 56% has
a margin of safety of: (please round to the nearest dollar amount)

Answer

·
Question 14

0 out of 5 points

14. Circle Company
produces a single product which it sells for $84 a unit. If the fixed costs
of manufacturing and selling the product are $64,200 a month and the variable
costs are $52 a unit:

Answer

·
Question 15

5 out of 5 points

15. The following
information is available:

Sales…………………………………………………………………………

$90,000

Break-even
sales………………………………………………………..

$50,000

Contribution
margin ratio……………………………………………….

25%

What
is the operating income?

Answer

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