# 1 the selling price per unit less the variable cost per unit is the a fixed cost per 4309573

1) The selling price per unit less the variable cost per unit is the:

A) fixed cost per unit

B) gross margin

C) margin of safety

D) contribution margin per unit

Answer the following questions using the information below:

Sherry's Custom Jewelry sells a single product. 700 units were sold resulting in \$7,000 of sales revenue, \$2,800 of variable costs, and \$1,200 of fixed costs.

2) Breakeven point in units is:

A) 200 units

B) 300 units

C) 500 units

D) None of these answers are correct.

3) The number of units that must be sold to achieve \$6,000 of operating income is:

A) 1,000 units

B) 1,166 units

C) 1,200 units

D) None of these answers are correct.

Answer the following questions using the information below:

Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in \$220,000 of sales revenue, \$55,000 of variable costs, and \$24,000 of fixed costs.

4) Breakeven point in units is:

A) 1,000 hams

B) 1,200 hams

C) 1,600 hams

D) None of these answers are correct.

5) The number of hams that must be sold to achieve \$75,000 of operating income is:

A) 6,600 hams

B) 7,500 hams

C) 8,400 hams

D) None of these answers are correct.

6) At the breakeven point of 2,000 units, variable costs total \$4,000 and fixed costs total \$6,000. The 2,001st unit sold will contribute ________ to profits.

A) \$1

B) \$2

C) \$3

D) \$5

7) The breakeven point is the activity level where:

A) revenues equal fixed costs

B) revenues equal variable costs

C) contribution margin equals variable costs

D) revenues equal the sum of variable and fixed costs

8) Breakeven point is:

A) total costs divided by variable costs per unit

B) contribution margin per unit divided by revenue per unit

C) fixed costs divided by contribution margin per unit

D) the sum of fixed and variable costs divided by contribution margin per unit

9) Sales total \$200,000 when variable costs total \$150,000 and fixed costs total \$30,000. The breakeven point in sales dollars is:

A) \$200,000

B) \$120,000

C) \$ 40,000

D) \$ 30,000

10) The breakeven point in CVP analysis is defined as:

A) when fixed costs equal total revenues

B) fixed costs divided by the contribution margin per unit

C) revenues less variable costs equal operating income

D) wh

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