ACTG 2020 Chapter Notes - Chapter 4: Income Statement, Net Income, Contribution Margin

192 views8 pages

Document Summary

Raising marks, raising money, raising roofs: brasher company manufactures and sells a single product that has a positive contribution margin. Contribution margin ratio: decrease, decrease, no change, no change. No change: the contribution margin ratio always increases when which of the following occurs, variable expenses as a percentage of sales increase, variable expenses as a percentage of sales decrease, break-even point increases, break-even point decreases. Ans: b: a company has provided the following data: Raising marks, raising money, raising roofs: last year, black company reported sales of ,000, a contribution margin of ,000, and an operating loss of ,000. Based on this information, what was the break-even point: ,000, ,000, ,000, ,000. Ans: c: the margin of safety in the flaherty company is ,000. ,000 and its variable expenses are ,000, what must its fixed expenses be: ,000, ,000, ,000, ,000. Ans: b: the following information relates to clyde corporation, which produced and sold 50,000 units last month.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents