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A PUBLISHER SELLS A CALENDAR FOR $6.50. THE VARIABLE COST PER CALENDAR

A PUBLISHER SELLS A CALENDAR FOR $6.50. THE VARIABLE COST PER CALENDAR

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Author: Joyce Buda
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A publisher sells a calendar for $6.50. The variable cost per calendar is $3 at the current annual sales volume of 200,000 calendars; at this volume the publisher is just breaking even. What are the fixed costs?:
Question 1 options:
A) 
  $600,000   

B) 
 $700,000

C) 
  $1,200,000

D) 
$1,300,000

 
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Question 2 (1 point)
 
Straight-line depreciation on a building would best be classified as a
Question 2 options:
A) 
   variable cost.

B) 
 committed fixed cost

C) 
  mixed cost..  

D) 
all of the above

 
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Question 3 (1 point)
 
The paper costs of a printing shop would best be classified as a:
Question 3 options:
A) 
variable cost.

B) 
 committed fixed cost.

C) 
 discretionary fixed cost. 

D) 
 mixed cost.

 
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Question 4 (1 point)
 
If the fixed costs for a product decrease and the per unit variable costs decrease, what will be the effect on the contribution margin and the breakeven point, respectively?
Question 4 options:
A) 
Decrease/Decrease.

B) 
 Decrease/Increase. .

C) 
Increase/Increase.

D) 
 Increase/Decrease

 
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Question 5 (1 point)
 
The Blue Company is planning to sell product Z for $5 a unit. Variable costs are $3 a unit and fixed costs are $100,000. What must the total sales be to break even?
Question 5 options:
A) 
$160,000

B) 
$166,667

C) 
 $250,000

D) 
$266,667

 
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Question 6 (1 point)
 
Employee salaries which consist of a $35,000 base amount plus 12% of sales would best be classified as a:
Question 6 options:
A) 
variable cost.

B) 
 committed fixed cost..

C) 
discretionary fixed cost.

D) 
mixed cost

 
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Question 7 (1 point)
 
Within a "relevant range," which of the following statements about fixed costs is true?
Question 7 options:
A) 
Fixed costs are constant per unit of production.

B) 
 Fixed costs per unit will fall as production rises.

C) 
Total fixed costs change as production volume changes

D) 
Fixed costs are costs which are paid uniformly over a year

 
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Question 8 (1 point)
 
Which of the following statements about variable costs is true?
Question 8 options:
A) 
Per unit variable costs are constant.

B) 
Per unit variable costs always increase as production increases.

C) 
Per unit variable costs always decrease as production increases.

D) 
Variable costs are always product costs

 
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Question 9 (1 point)
 
Budgetary slack refers to the:
Question 9 options:
A) 
use of padding to avoid unfavorable appraisals.

B) 
increasing of sales prices to cover budget deficits.

C) 
budgeted profit margin.

D) 
"Other expenses" item of the budget


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