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1. K-Henry's Dull Diner has contribution margin ratio of 16%.  If fixed costs are $176,800, how many dollars of revenue should K-Henry's generate in order to reach break-even point?

 

A)   $282,880

 

B)   $1060,800

 

C)   $208,476

 

D)   $1,105,000

 

2. Conan Company's monthly activity level ranged from low of 17,000 units in May to high of 26,000 units in October. Average production was 20,000 units per month.  Utilities cost was $8,250 in May and $10,500 in October.  Variable utility cost per unit, to nearest cent, is:

 

A)   $0.49.

 

B)   $0.47.

 

C)   $0.25.

 

D)   $0.40.

 

3. Company has total cost of $50.00 per unit at volume of 100,000 units. Variable cost per unit is $20.00.  What would price be if company expected volume of 120,000 units and used a markup of 50%?

 

A)   $75.00

 

B)   $62.50

 

C)   There is not sufficient information in problem to answer

 

D)   $67.50

 

4. At Caleb's Tights, break-even point is 2,000 units.  If fixed costs total $300,000 and variable costs are $30 per unit, determine selling price per unit?

 

A)   $210

 

B)   $180

 

C)   $5

 

D)   $150

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  • Category:- Accounting Basics
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