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ACC 560 WEEK 5 QUIZ 3

ACC 560 WEEK 5 QUIZ 3

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Author: Christine Farr
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A company with a higher contribution margin ratio is
The contribution margin ratio is
In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. The same selling price, variable expenses, and fixed expenses are expected for 2017. What is Teller’s break-even point in sales dollars for 2017?
Sales mix is
The margin of safety ratio
To which function of management is CVP analysis most applicable?
Frazier Manufacturing Company collected the following production data for the past month:Units Produced Total Cost1,600 $66,0001,300 57,0001,500 67,5001,100 49,500If the high-low method is used, what is the monthly total cost equation?
Weatherspoon Company has a product with a selling price per unit of $200, the unit variable cost is $110, and the total monthly fixed costs are $300,000. How much is Weatherspoon’s contribution margin ratio?
Two costs at Bradshaw Company appear below for specific months of operation.Month Amount Units ProducedDelivery costs September $ 40,000 40,000October 55,000 60,000Utilities September $ 84,000 40,000October 126,000 60,000Which type of costs are these?
The equation which reflects a CVP income statement is


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