On the breakeven graph, any level of sales to the right of the breakeven point r
ID: 2493537 • Letter: O
Question
On the breakeven graph, any level of sales to the right of the breakeven point represents Fixed Cost Variable Cost Operating Income Operating Loss Which of the following is not classified as a fixed product cost? Machine depreciation Factory rent Production manager's salary All are considered fixed product costs At the beginning of the year, managers at king Industries estimated $400,000 in manufacturing overhead, 20,000 direct labor at the end of the year were $425,000 in manufacturing overhead. During the year 22,000 direct labor hours and 47,000 machine labor hours, how much overhead was applied during the year $399,960 $440,000 $467,500 $425,040 At the breakeven point, which of the following is not true? sales revenue is equal to the total costs. Contribution margins is equal to the total variable costs. Contribution margins is equal to the total fixed costs. Operating incomes equals zero. Barbara's Boutique wants to know what it takes to have $20,000 in operating income. If her selling price is $20, variable costs is $8 sell to reach her goals? 1,667 units 2,500 units 5,000 units 7,500 unitsExplanation / Answer
Ans 4 (c ) On the breakeven graph ,any level of sales to the right of the breakeven point represent Operating Income. Ans 5 (D) A Machine Depreciation,Factory rent and Production Manager 's salary all are considerd fixed production cost. Ans 6 (B) Overhead cost per direct labour hours $ 20.00 Actual Direct Labor Hours 22000 Overhead applied during the year $ 440,000.00 Ans 7(B) At the breakeven point contribution margin equals to variable cost is not true. Ans 8 (a) Operating Income $ 20,000.00 Selling Price per unit $ 20.00 Variable cost per unit $ 8.00 Contribution margin per unit $ 12.00 1667 Units
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