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Falak Naz
Falak Naz, Accountant
Category: Homework
Satisfied Customers: 532
Experience:  I am a qualified Chartered Accountant. For the last five years i am working as manager
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I have 9 assignments and about 3 days. They are all accounting.

Customer Question

I have 9 assignments and about 3 days. They are all accounting. They are about 25 questions each. I've tried to post them, but this question box will only give me room to post about 3 questions. I've tried to put up a post like the one at http://www.justanswer.com/questions/233m8-1-following-entities-probably.
Submitted: 5 years ago.
Category: Homework
Expert:  Falak Naz replied 5 years ago.

Hi anon,

you can mail at info@justanswer.com. and mark it " For Falak" so i can assist you

 

Thanx

Customer: replied 5 years ago.
I send the questions to the address above with 21 questions. ty for the assistance.
Expert:  Falak Naz replied 5 years ago.

your deadline is?

Customer: replied 5 years ago.
For this assignment 1hr 30min. But for all the assignments is Aug 2nd.

I would like to get them all done as soon as possible though because I have other classes I am behind in as well, but their deadline is not as close.
Expert:  Falak Naz replied 5 years ago.

well i havent get the mail yet. post the questoion here that you want in 1 hour so i should start doing it

for rest i'll work later

Customer: replied 5 years ago.
I have started already and completed 22,21, and 20. : )

1.)

Contribution margin is:
a. the excess of sales revenue over variable cost
b. the same as sales revenue
c. profit
d. another term for volume in the "cost-volume-profit" analysis
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2.)

Lanley Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost estimation, total fixed costs are:
a. cannot be determined from the data given
b. $24,750
c. $61,875
d. $33,875
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3.)

The three most common cost behavior classifications are:
a. fixed costs, variable costs, and mixed costs
b. variable costs, period costs, and differential costs
c. variable costs, sunk costs, and opportunity costs
d. variable costs, product costs, and sunk costs
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4.)

If fixed costs are $500,000 and the unit contribution margin is $40, what is the break-even point if fixed costs are increased by $80,000?
a. 14,500
b. 12,500
c. 8,333
d. 9,667
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5.)

If sales are $300,000, variable costs are 75% of sales, and operating income is $40,000, what is the operating leverage?
a. 7.500
b. 1.333
c. 1.875
d. 0
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6.)
If fixed costs are $500,000 and the unit contribution margin is $12, what amount of units must be sold in order to realize an operating income of $100,000?
a. 41,667
b. 58,333
c. 50,000
d. 5,000
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7.)
The point where the sales line and the total costs line intersect on the cost-volume-profit chart represents:
a. the maximum possible operating income
b. the total fixed costs
c. the maximum possible operating loss
d. the break-even point
function verifyContinuesDivsWidth(){ var table = document.getElementById("narrative_table"); var topDiv = document.getElementById("top_continuous-div"); if(topDiv != null && table.offsetWidth > topDiv.offsetWidth){ topDiv.style.width = table.offsetWidth; } var bottomDiv = document.getElementById("bottom_continuous-div"); if(bottomDiv != null && table.offsetWidth > bottomDiv.offsetWidth){ bottomDiv.style.width = table.offsetWidth; } }
8.)
The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed:
a. cost-volume-profit analysis
b. gross profit analysis
c. contribution margin analysis
d. budgetary analysis
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9.)
If fixed costs are $240,000, the unit selling price is $36, and the unit variable costs are $20, what is the break-even sales (units)?
a. 6,667 units
b. 27,000 units
c. 15,000 units
d. 12,000 units
function verifyContinuesDivsWidth(){ var table = document.getElementById("narrative_table"); var topDiv = document.getElementById("top_continuous-div"); if(topDiv != null && table.offsetWidth > topDiv.offsetWidth){ topDiv.style.width = table.offsetWidth; } var bottomDiv = document.getElementById("bottom_continuous-div"); if(bottomDiv != null && table.offsetWidth > bottomDiv.offsetWidth){ bottomDiv.style.width = table.offsetWidth; } }
10.)
If variable costs per unit increased because of an increase in hourly wage rates, the break-even point would:
a. decrease
b. increase or decrease, depending upon the percentage increase in wage rates
c. increase
d. remain the same
function verifyContinuesDivsWidth(){ var table = document.getElementById("narrative_table"); var topDiv = document.getElementById("top_continuous-div"); if(topDiv != null && table.offsetWidth > topDiv.offsetWidth){ topDiv.style.width = table.offsetWidth; } var bottomDiv = document.getElementById("bottom_continuous-div"); if(bottomDiv != null && table.offsetWidth > bottomDiv.offsetWidth){ bottomDiv.style.width = table.offsetWidth; } }
11.)
What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
a. Contribution margin ratio
b. Margin of safety ratio
c. Profit ratio
d. Costs and expenses ratio
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12.)
Which of the following is not an assumption underlying cost-volume-profit analysis?
a. The break-even point will be passed during the period.
b. Total sales and total costs can be represented by straight lines.
c. Costs can be accurately divided into fixed and variable components.
d. The sales mix is constant.
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13.)
Which of the following statements is true regarding fixed and variable costs?
a. Both costs are constant when considered on a per unit basis.
b. Variable costs are fixed in total, and fixed costs vary in total.
c. Both costs are constant when considered on a total basis.
d. Fixed costs are fixed in total, and variable costs are fixed per unit.
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14.)
If fixed costs are $300,000, the unit selling price is $25, and the unit variable costs are $20, what is the break-even sales (units) if the variable costs are decreased by $2?
a. 42,857 units
b. 100,000 units
c. 17,143 units
d. 60,000 units
function verifyContinuesDivsWidth(){ var table = document.getElementById("narrative_table"); var topDiv = document.getElementById("top_continuous-div"); if(topDiv != null && table.offsetWidth > topDiv.offsetWidth){ topDiv.style.width = table.offsetWidth; } var bottomDiv = document.getElementById("bottom_continuous-div"); if(bottomDiv != null && table.offsetWidth > bottomDiv.offsetWidth){ bottomDiv.style.width = table.offsetWidth; } }
15.)

Which of the graphs in Figure 20-1 illustrates the behavior of a total variable cost?
a. Graph 1
b. Graph 3
c. Graph 2
d. Graph 4

16.)
A cost that has characteristics of both a variable cost and a fixed cost is called a:
a. discretionary cost
b. variable/fixed cost
c. sunk cost
d. mixed cost
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17.)
The relative distribution of sales among the various products sold by a business is termed the:
a. product portfolio
b. contribution margin mix
c. sales mix
d. business's basket of goods
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18.)

Barrack Inc. manufactures laser printers within a relevant range of production of 50,000 to 70,000 printers per year. The following partially completed manufacturing cost schedule has been prepared:

Complete the cost schedule:

Number of Printers Produced

70,000 90,000 100,000
Total costs:
Total variable costs $350,000 $ $
Total fixed costs 630,000 $ $
Total costs $980,000 $ $
Cost per unit:
Variable cost per unit $ $ $
Fixed cost per unit $ $ $
Total cost per unit $ $ $


19.)
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?
a. 18%
b. 33.3%
c. 25%
d. 15%
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21.)

If sales are $525,000, variable costs are 64% of sales, and operating income is $50,000, what is the contribution margin ratio?
a. 64%
b. 36%
c. 9.5%
d. 26.5%
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22.)

As production increases, what would you expect to happen to fixed cost per unit?
a. Increase
b. Decrease
c. Remain the same
d. Either increase or decrease, depending on the variable costs
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Expert:  Falak Naz replied 5 years ago.
working on it
Expert:  Falak Naz replied 5 years ago.
click here for the answers
Falak Naz, Accountant
Category: Homework
Satisfied Customers: 532
Experience: I am a qualified Chartered Accountant. For the last five years i am working as manager
Falak Naz and 11 other Homework Specialists are ready to help you
Customer: replied 5 years ago.
Thank you!!! Just a couple of questions. I came up with some different answers on a few of them. I think your right, but maybe you could look at them for me real quick.

11.) I got 'A'
12.) i got 'D'
14.) i got 'A'
Expert:  Falak Naz replied 5 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Expert:  Falak Naz replied 5 years ago.
<p>I am sure about 11 and 12, but i made a little mistake and answer for 14 is A,</p><p> </p><p>Send me your rest of the assignment at <a href="mailtoXXX@XXXXXX.XXX">info@justanswer.com</a> and mark it "FOR FALAK" </p><p> </p><p>Thanx</p><p> </p><p> </p>
Expert:  Falak Naz replied 5 years ago.
I am sure about 11 and 12, but i made a little mistake and answer for 14 is A,



Send me your rest of the assignment atXXX@XXXXXX.XXX and mark it "FOR FALAK"



Thanx

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