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post university acc211 unit 3 and unit 4 quizes




Question;?;Redford, Inc. has provided the following data;Sales;Price;$200.00;per;unit;Sales;6,000;Units;Fixed;Cost;$300,000;Variable;cost;$100.00;per;unit;If the dollar contribution margin per unit is;increased by 10%, total fixed cost is decreased by 20%, and all other factors;remain the same, net income will;?;Question 2;3 out of 3 points;Gardner Manufacturing Company produces a product that sells for $120. A;selling commission of 10% of the selling price is paid on each unit sold.;Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are;$20 per unit based on the current level of activity, and fixed selling and;administrative costs are $16 per unit. The contribution margin per unit is;?;Question 3;3 out of 3 points;Iacopi Corporation is a wholesaler that sells a single product.;Management has provided the following cost data for two levels of monthly;sales volume. The company sells the product for $172.50 per unit.;Sales;volume (units);4,000;5,000;Cost;of sales;$307,600;$384,500;Selling;and administrative costs;$321,200;$337,000;The best estimate of the total contribution margin when 4,300 units are sold;is;?;Question 4;3 out of 3 points;Shipping expense is $9,000 for 8,000 pounds;shipped and $11,250 for 11,000 pounds shipped. Assuming that this activity is;within the relevant range, if the company ships 9,000 pounds, its expected;shipping expense is closest to;?;Question 5;3 out of 3 points;Fixed cost per unit increases as;activity decreases and decreases as activity increases.;?;Question 6;3 out of 3 points;Within the relevant range, the;variable cost per unit;?;Variable costing is also known as;?;Question 2;3 out of 3 points;Using absorption costing, a unit of product;includes what costs?;?;Question 3;3 out of 3 points;Product cost under absorption costing is;characteristically;?;Question 4;3 out of 3 points;A segment of a business responsible for both revenues and expenses would be;referred to as;?;Question 5;3 out of 3 points;Variable costing is attractive to managers as an;alternative to absorption costing because;?;Question 6;3 out of 3 points;When production is equal to sales, which of the;following is true?


Paper#41169 | Written in 18-Jul-2015

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