simone project 9

Project Description:

question 1 (1 point)
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thomas train has collected the following information over the last six months.

month units produced total costs
march 10,000 $25,600
april 12,000 26,200
may 19,800 29,600
june 13,000 26,450
july 12,000 26,000
august 15,000 26,500

using the high-low method, what is the variable cost per unit?

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question 2 (1 point)
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rooter's cleaning services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. data for the past 7 months are as follows:

january february march april may june july
number of rooms cleaned 250 160 200 150 300 170 260
cleaning cost $6,450 $4,060 $5,100 $4,100 $6,640 $4,200 $6,530

how much are estimated monthly variable costs using the high-low method?

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question 3 (1 point)
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a cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. this cost is a

question 3 options:



mixed cost



step cost



variable cost



fixed cost

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question 4 (1 point)
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winny's office furniture has a contribution margin ratio of 16%. if fixed costs are $190,800, how many dollars of revenue must the company generate in order to reach the break-even point?

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question 5 (1 point)
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tim taylor has written a self improvement book that has the following cost characteristics:

selling price $16.00 per book
variable cost per unit:
production $4.00
selling & administrative 2.00
fixed costs:
production $89,600 per year
selling & administrative 29,400 per year

how many units must be sold to break-even?

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question 6 (1 point)
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the use of fixed cost to increase profits at a rate faster than sales increase is called:

question 6 options:



“what if “ analysis



c-v-p analysis



operating leverage



contribution margin approach

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question 7 (1 point)
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assume sparkle co. expects to sell 150 units next month. the unit sales price is $80, unit variable cost is $45, and the fixed costs per month are $5,000. the margin of safety is:

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question 8 (1 point)
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which of the following statements about the relevant range is true?

question 8 options:



cost functions outside the relevant range are usually linear



the relevant range is the normal length of time in a company’s accounting period



estimates outside the relevant range are useful



cost functions within the relevant range are assumed to be linear
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Price Type: Fixed

Project Budget: $0 to $10
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