Florek Inc. produces and sells a single product.

Florek Inc. produces and sells a single product. The
company has provided its contribution format income statement for March.

Sales (6,800 units)

$

408,000

Variable expenses

299,200

Contribution margin

108,800

Fixed expenses

87,900

Net operating income

$

20,900

If the company sells 7,000 units, its net operating income should be closest
to:
$24,100
$20,900
$32,900
$21,515

2.

Spartan Systems reported total sales of $340,000, at a
price of $20 and per unit variable expenses of $11, for the sales of their
single product.

Total

Per
Unit

Sales

$340,000

$20

Variable expenses

187,000

11

Contribution margin

153,000

$9

Fixed expenses

104,000

Net operating income

$49,000

What is the amount of contribution
margin if sales volume increases by 20%? (Round
your intermediate calculations to 2 decimal places and your final answer to
the nearest whole number.)

rev: 03_17_2016_QC_CS-44872, 03_18_2016_QC_CS-44872
$176,000
$86,400
$183,600
$57,600

3.

Bolding Inc.’s contribution margin ratio is 61% and its
fixed monthly expenses are $45,500. Assuming that the fixed monthly expenses
do not change, what is the best estimate of the company’s net operating
income in a month when sales are $133,000?

$81,130
$6,370
$35,630
$87,500

4.

The Clyde Corporation’s variable expenses are 40% of
sales. Clyde Corporation is contemplating an advertising campaign that will
cost $29,000. If sales increase by $79,000, the company’s net operating
income will increase by:

$31,600
$18,400
$2,600
$64,800

5.

Darwin Inc. sells a particular textbook for $29. Variable
expenses are $21 per book. At the current volume of 44,000 books sold per
year the company is just breaking even. Given these data, the annual fixed
expenses associated with the textbook total:

$352,000
$1,276,000
$1,628,000
$924,000

6.

Wyly Inc. produces and sells a single product. The selling
price of the product is $195.00 per unit and its variable cost is $78.00 per
unit. The fixed expense is $348,660 per month.

The break-even in monthly dollar
sales is closest to: (Round your intermediate
calculations to 2 decimal places.)

$871,650
$522,990
$581,100
$348,660

7.

Morganti Corporation sells a product for $145 per unit.
The product’s current sales are 41,300 units and its break-even sales are
32,625 units. What is the margin of safety in dollars?

$3,736,965
$5,988,500
$4,730,625
$1,257,875

8.

Lasseter Corporation has provided its contribution format
income statement for August. The company produces and sells a single product.

Sales (5,200 units)

$

176,800

Variable expenses

78,000

Contribution margin

98,800

Fixed expenses

46,400

Net operating income

$

52,400

If the company sells 5,300 units, its total contribution margin
should be closest to:
$53,408
$98,800
$100,700
$102,200

9.
Carlton Corporation sells a single product at a selling price of
$40 per unit. Variable expenses are $22 per unit and fixed expenses are
$82,800. Carlton’s break-even point is:
4,600
units
3,764
units
5,000
units
2,070
units


 

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