THIS IS A MULTIPLE CHOICE

PLEASE HELP MY ASSIGNMENT, AND BTW I JUST NEED THE ANSWER. PLEASE ANSWER ALL OF MY 10 QUESTION CORRECTLY, THANKS

1. Oriole Companys cost of goods sold is $320000 variable and $190000 fixed. The companys selling and administrative expenses are $200000 variable and $260000 fixed. If the companys sales is $1230000, what is its contribution margin?

$260000

$780000

$710000

$720000

2. Brambles CVP income statement included sales of 3400 units, a selling price of $50, variable expenses of $30 per unit, and net income of $25000. Fixed expenses are

$43000.

$68000.

$102000.

$170000

3. For Sunland Company, sales is $620000, variable expenses are $372000, and fixed expenses are $140000. Sunlands contribution margin ratio is

60%.

17%.

23%.

40%.

4. For Bramble Corp., sales is $2000000, fixed expenses are $700000, and the contribution margin ratio is 36%. What are the total variable expenses?

$720000

$1280000

$448000

$2000000

5. For Swifty Corporation, sales is $2000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $400000?

$1111111

$3611111

$2500000

$5555556

6. Vaughn Manufacturing reported sales of $1800000 last year (90000 units at $20 each), when the break-even point was 63000 units. Vaughns margin of safety ratio is

30%.

130%.

70%.

43%.

7. Sheridan Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Sheridan incurs $7215000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will be the total contribution margin at the break-even point?

$6208256.

$8385000.

$7280000.

$7215000

8. Sunland Company has two divisionsStandard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available:

	Standard Division	Premium Division	Total
Sales	$400000	$600000	$1000000
Variable costs	340000	420000
Contribution margin	$60000	$180000
Total fixed costs			$300000

What is the weighted-average contribution margin ratio?

46%

50%

5%

24%

9. Waterway Industries has two divisionsStandard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available:

	Standard Division	Premium Division	Total
Sales	$400000	$600000	$1000000
Variable costs	200000	440000
Contribution margin	$200000	$160000
Total fixed costs			$300000

What is the break-even point in dollars?

$400000.

$882353.

$108000.

$833333.

10. The sales mix percentages for Vaughns Boston and Seattle Divisions are 70% and 30%. The contribution margin ratios are: Boston (40%) and Seattle (30%). Fixed costs are $3237500. What is Vaughns break-even point in dollars?

$8750000.

$9250000.

$9810606.

$1133125