Attached is the accounting quesitons I need help with.

ACC 211-899 Blackboard Exercise Number 3 Using the lecture, MyAccountingLab and your textbook answer the following 8 practice questions. Send your answers to me through the blackboard assignments function using the blank answer file. Emailed answers will not be graded. This exercise is worth 8 points and is due by 10:00 pm on the date listed on the course calendar. If you would like to change your answers, you are allowed two submissions of this assignment. Your second submission file must contain all of the answers, whether changed or not, as your first submission file will not be opened. Also, your second submission file must have a note indicating that it is a second submission. Use the \"save as\" function to rename the \"BB Exercise number 3\" to your name using the REQUIRED naming convention - your first initial and your last name plus your section number plus the words \"BB Ex number 3\". Using my name as an example, my file would be saved as = mhammond - sect - 899 - BB Ex number 3. Points will be deducted from your assignment if you do not name your file properly. After submitting your assignment, go to your BB gradebook and verify that there is an \"!\" exclamation mark by your assignment. It is recommended that you take, and save, a screen shot of the assignment showing the \"!\". Also, check to see if there are any comments in your feedback area. Please, if necessary, respond to those comments and / or questions within a week of the grading of the assignment. Waiting until the end of the semester, while I am posting the grade you have earned for the course, will not be acceptable. The answers to these questions will be posted on blackboard after the due date of the assignment. Please check your answers to the posted answers. If you have any questions, please let me know. - Thanks! Do not show any calculations. QUESTION 1 MSU Corporation's budgeted sales are $600,000, its budgeted variable expenses are $420,000, and its budgeted fixed expenses are $120,000. The company's break-even in dollar sales is: a. b. c. d. $ 60,000 $ 180,000 $ 400,000 $ 480,000 QUESTION 2 The ratio of fixed expenses to the unit contribution margin is the: a. b. c. d. break-even point in unit sales. operating profit. contribution margin ratio. margin of safety. QUESTION 3 For an item (cost or revenue) to be relevant to a decision, it must: a. Be an expected, future item. b. Differ among alternatives. c. Meet one OR the other of the criteria mentioned in (a) and (b), above. d. Meet BOTH of the criteria mentioned in (a) and (b), above. QUESTION 4 MSU has a snow cone stand near the football stadium. To plan for the future, it wants to determine its cost behavior patterns. It has the following information available about its operating costs and the number of snow cones served. Month January February March April May June Number of snow cones 6,400 7,000 6,200 6,900 7,600 7,250 Total operating costs $5,980 $6,400 $5,840 $6,330 $6,820 $6,575 Using the high-low method, the monthly operating costsif MSU sells 8,000 snow cones in a monthare A) $7,100. B) $5,600. C) $10,920. D) $1,500. QUESTION 5 The MSU produces 1,000 parts per year, which are used in the assembly of one of its products. The unit product cost of these parts is: The part can be purchased from an outside supplier at $20 per unit. If the part is purchased from the outside supplier, two thirds of the fixed manufacturing costs can be eliminated. The annual impact on the company's net operating income as a result of buying the part from the outside supplier would be: a. b. c. d. $1,000 increase. $1,000 decrease. $5,000 increase. $2,000 decrease. QUESTION 6 A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin in the department is $50,000 per year. Fixed expenses charged to the department are $65,000 per year. It is estimated that $40,000 of these fixed expenses could be eliminated if the department is discontinued. These data indicate that if the department is discontinued, MSU's overall net operating income would: a. b. c. d. decrease by $25,000 per year. increase by $25,000 per year. decrease by $10,000 per year. increase by $10,000 per year. QUESTION 7 MSU sells two products, Big models and Small models. Small models sell for $42 per unit with variable costs of $30 per unit. Big models sell for $50 per unit with variable costs of $40 per unit. Total fixed costs for the company are $75,400. MSU typically sells four Small models for every Big model. What is the breakeven point in total units? A) 6,500 units B) 3,900 units C) 9,921 units D) 5,953 units QUESTION 8 MSU manufactures seats for trains. The company has the capacity to produce 100,000 seats per year, but is currently producing and selling 75,000 seats per year. The following information relates to current production: Sale price per unit $400 Variable costs per unit: Manufacturing Marketing and administrative $220 $50 Total fixed costs: Manufacturing Marketing and administrative $750,000 $200,000 If a special sales order is accepted for 3,000 seats at a price of $300 per unit, and fixed costs increase by $10,000, how would operating income be affected? (NOTE: Assume regular sales are not affected by the special order.) A) Decrease by $80,000 B) Increase by $230,000 C) Increase by $90,000 D) Increase by $80,000