Under the FIFO costing method, the two categories in which the completed units are divided are:

a. beginning work-in-process units and units started.

b. other categories.

c. beginning work-in-process units and units started and completed during the current period.

d. units started and completed and ending work-in-process units.

Arthur Company sells a product for $14 per unit. The per-unit variable cost is $4 and the total fixed cost is $38,000. How many units must Arthur sell to earn an operating income of $12,000?

a. 3,800

b. 9,500

c. 2,600

d. 5,000

Learner Company sells its product for $100. It has a variable cost ratio of 70% and total fixed cost of $9,000. What is the break-even point in sales dollars for Learner Company?

a. $32,000

b. $12,858

c. $8,000

d. $30,000