1. The total variable costs to make and sell one unit of product equals $50 per unit. The firms fixed costs are $200,000. With a price of $75 per unit to achieve a Net Income of $1,000,000 the sales in units will have to be:

• None of the answers
• 40,000 units
• 48,000 units
• 24,000 units
• 16,000 units

2. The total variable costs to make and sell one unit of product equals $50 per unit. The firms fixed costs are $200,000. With a sales price of $75 per unit their break-even point in sales dollars is:

• 600,000 sales
• 300,000 sales
• None of the answers
• 1,000,000 sales
• 200,000 sales

28. The total variable cost to make and sell one unit of product equals $25 per unit. The firm's fixed costs are $200,000. With the sales price of $75 per unit, if they sell one more unit above their break-even point, the firms Income Statement report will have a bottom line profit (or loss) of:

• None of the answers
• $50 net income
• $75 net income
• $25 net income
• $25 net loss

31. Vortex companies cost per unit for the current period are as follows:

Direct Materials $20.00

Direct Labor $2.00

Variable Factory Overhead: $1.00

Fixed Factory Overhead: $5.00

That means the current periods full of absorption manufacturing costs total $______ per unit, and the current periods variable costing per unit amount totals to $______.

• $28 product cost per unit under absorption costing, and $23 product cost per unit under variable costing
• $28 product cost per unit under absorption costing, and $22 product cost per unit under variable costing
• None of the answers
• $78 product cost per unit under absorption costing, and $73 product costs per unit under variable costing
• $78 product cost per unit under absorption costing, and $23 product costs per unit under variable costing

32. The total variable costs to make and sell one unit of product equals $60 per unit. The firms fixed costs are $200,000, and their management wants to make a before tax net income of $1,000,000. With the sales price of $80 per unit, how much in volume (sales dollars) do they have to sell to achieve their target profit?

• $4,800,000
• $800,000
• $1,600,000
• None of the answers
• $1,200,000

32. The total variable costs to make and sell one unit of product equals $60 per unit. The firms fixed costs are $200,000, and their management wants to make a before tax net income of $1,000,000. With the sales price of $80 per unit, how much in volume (sales dollars) do they have to sell to achieve their target profit?

• $4,800,000
• $800,000
• $1,600,000
• None of the answers
• $1,200,000

42. This procedure is a cost accumulation in reporting method that includes only variable manufacturing costs (direct materials, direct labor, and variable factory overhead) as inventoriable, product costs; it treats fix factory overhead as a period cost; it is not used for external reporting or tax returns.

• Variable Costing
• Absorption Costing
• Flexible Budgeting
• Full Costing
• Contribution Margin