question archive 1) During the current year, Winchester Company sold 98,000 units at a selling price of $22 per unit
Subject:AccountingPrice: Bought3
1) During the current year, Winchester Company sold 98,000 units at a selling price of $22 per unit. Variable cost per unit was $15, and Winchester's net income for the year was $58,000. What was the amount of Winchester's fixed costs?
$2,098,000
$1,276,000
$686,000
$628,000
2) The following income statement is provided for Ramirez Company for the current year:
Sales revenue (3,400 units × $20.90 per unit) | $ 71,060 |
---|---|
Cost of goods sold (variable; 3,400 units × $8.90 per unit) | (30,260) |
Cost of goods sold (fixed) | (4,900) |
Gross margin | 35,900 |
Administrative salaries | (6,900) |
Depreciation | (4,900) |
Supplies (3,400 units × $2.90 per unit) | (9,860) |
Net income | $ 14,240 |
What amount was the company's contribution margin?
$40,800
$30,940
$14,240
$35,900
3) A product has a contribution margin of $8 per unit and a selling price of $45 per unit. Fixed costs are $24,000. Assuming new technology increases the unit contribution margin by 60 percent but increases total fixed costs by $16,000, what is the new breakeven point in units? (Do not round intermediate calculations.)
6,960 units
3,000 units
6,480 units
3,125 units
4)