Question: I need the explain with these question 30. Ryan Enterprises had sales amounting to $350,000, 40% of which was for variable costs with a profit
I need the explain with these question
30. Ryan Enterprises had sales amounting to $350,000, 40% of which was for variable costs with a profit amounting to $20,000. If sales increase by 40%, profit will increase by
- 40%
- 120%
- 240%
- 300%
- 360%
31. Ryan Enterprises had sales amounting to $350,000, 40% of which was for variable costs with a profit amounting to $20,000. If sales increase by 20%, profit will amount to
- $36,000
- $36,000
- $62,000
- $66,000
- none of the above
32. Omid Printing expects its fixed costs to amount to $180,000. The company has an average selling price of $40 a unit with a variable cost of 60% and desired profit of 10% of sales. The companys sales should amount to ___________ to meet its objectives:
- $500,000
- $600,000
- $700,000
- $800,000
- $900,000
33. XY Companys product mix includes $720,000 in sale of X and $640,000 in sale of Y. Xs contribution margin is 60% and Ys is 40% of sales. Fixed costs amount to $505,880. Xs sale at breakeven should amount to
- $640,000
- $720,000
- $529,400
- $470,600
- None of the above.
34. XY Companys product mix includes $720,000 in sale of X and $640,000 in sale of Y. Xs contribution margin is 60% and Ys is 40% of sales. Fixed costs amount to $505,880. Weighted average contribution margin ratio for Y amounts to
- .31764
- .18824
- .50588
- .40000
- None of the above.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
