Accounting Chapter 3 Last Year Farrer Corporation Had Sales

subject Type Homework Help
subject Pages 14
subject Words 2333
subject Authors Eric Noreen, Peter Brewer, Ray Garrison

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77. Last year, Farrer Corporation had sales of $1,500,000, variable expenses of $900,000, and
fixed expenses of $400,000. What would be the dollar sales at the break-even point?
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78. Smith Company sells a single product at a selling price of $30 per unit. Variable expenses
are $12 per unit and fixed expenses are $41,400. Smith's break-even point is:
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79. The following data pertain to last month's operations:
The break-even point in dollars is:
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80. Rider Company sells a single product. The product has a selling price of $40 per unit and
variable expenses of $15 per unit. The company's fixed expenses total $30,000 per year. The
company's break-even point in terms of total dollar sales is:
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81. The following is last month's contribution format income statement:
What is the company's break-even in sales dollars?
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82. Rave Corporation produces and sells a single product. Data concerning that product
appear below:
The break-even in monthly unit sales is closest to:
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83. Data concerning Odum Corporation's single product appear below:
The break-even in monthly unit sales is closest to:
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84. Moncrief Inc. produces and sells a single product. The selling price of the product is
$170.00 per unit and its variable cost is $62.90 per unit. The fixed expense is $300,951 per month.
The break-even in monthly unit sales is closest to:
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85. Shiraki Corporation produces and sells a single product. Data concerning that product
appear below:
The break-even in monthly dollar sales is closest to:
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86. Data concerning Carlo Corporation's single product appear below:
The break-even in monthly dollar sales is closest to:
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87. Zumpano Inc. produces and sells a single product. The selling price of the product is
$170.00 per unit and its variable cost is $73.10 per unit. The fixed expense is $125,001 per month.
The break-even in monthly dollar sales is closest to:
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88. The following information pertains to Clove Co.:
Clove's margin of safety is:
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89. Olis Corporation sells a product for $130 per unit. The product's current sales are 28,900
units and its break-even sales are 25,721 units. What is the margin of safety in dollars?
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90. Puchalla Corporation sells a product for $230 per unit. The product's current sales are
13,400 units and its break-even sales are 10,720 units. The margin of safety as a percentage of
sales is closest to:
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91. Sturrock Corporation has provided the following data concerning its only product:
What is the margin of safety in dollars?
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92. Victorin Corporation has provided the following data concerning its only product:
The margin of safety as a percentage of sales is closest to:
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93. Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the
selling price. If total fixed expenses are $30,000, the degree of operating leverage is:
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94. At a sales level of $90,000, Blue Company's contribution margin is $24,000. If the degree
of operating leverage is 6 at a $90,000 sales level, net operating income must equal:
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95. The January contribution format income statement of Brotherton Corporation appears
below:
The degree of operating leverage is closest to:
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96. Lagasca Corporation's contribution format income statement for December appears
below:
The degree of operating leverage is closest to:

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