Question 12 4 pts Cy Co. projects that they will sell 400,000 units next year. The company reports variable costs of $120 per unit and fixed costs totaling $8,000,000. Assume that next year management wants the company to earn a profit of at least $6,000,000. What would the sales price need to be in order to meet this target profit? $116.00 $35.00 $120.00 $155.00 Question 13 4 pts The amount by which a company's sales can decline before losses are incurred is called the: contribution margin contribution margin ratio margin of safety degree of operating leverage Question 14 4 pts Company B makes a product that sells for $60 per unit and creates variable cost of $36 per unit. Annual fixed costs are $960,000. What does sales need to be in order to earn a profit of 20% of sales? $4,800,000 $2,400,000 $960,000 The company can't earn a profit equal to 20% of sales with its cost structure Question 15 4 pts What does Total Manufacturing Costs represent? The cost of goods completed during the current year whether they were started before or during the current period. The total amount of cost charged to jobs during the period. The amount of cost transferred from Finished Goods to Cost of Goods Sold during the period. The amount of materials cost placed into production during the period. Question 16 4 pts Sam Company's costs for the month of July were as follows: Direct Materials $22,300 $45,720 Direct Labor $17,230 Selling Administrative $24,750 $48,320 Overhead Inventory valuations were as follows: Beginning Inventory Ending Inventory Work in Process $9,800 $12,450 Finished Goods $20,500 $34,700 What is Sam Company's Cost of Goods Manufactured in July? $113,690 $155,670 $141,470 $99,490