Question: ANSWER THE QUESTIONS #31, 32, and #33 USING THE INFORMATION BELOW: Projected Sales: 20,000 Average Sales Price per unit: $ 50.00 Average Variable Cost per

 ANSWER THE QUESTIONS #31, 32, and #33 USING THE INFORMATION BELOW:

ANSWER THE QUESTIONS #31, 32, and #33 USING THE INFORMATION BELOW: Projected Sales: 20,000 Average Sales Price per unit: $ 50.00 Average Variable Cost per unit: $ 35.00 Total Fixed Costs: $ 225,000 31. Operating Income is: A. A loss B. Profit in the amount of $75,000 C. Profit in the amount of $300,000 D. Not enough information given 32. Break-even in units is: A. 5,000 B. 15,000 C. 20,000 E. Not enough information given 33. Contribution Margin Ratio is: A. 25% B. 30% C. 70% D. Not enough information given

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