ACCT 346 Course Great Wisdom / tutorialrank.com ACCT 346 Course Great Wisdom / tutorialrank.com | Page 8

1. Question :
(TCO 4) Which of the following will have no effect on the break-even
point in units?
2. Question :
(TCO 4) Circle K Furniture has a contribution margin ratio of 16%. If
fixed costs are $176,800, how many dollars of revenue must the
company generate in order to reach the break-even point?
3. Question :
(TCO 4) Randy Company produces a single product that is sold for
$85 per unit. If variable costs per unit are $26 and fixed costs total
$47,500, how many units must Randy sell in order to earn a profit of
$100,000?
4. Question :
(TCO 5) In full costing, when does fixed manufacturing overhead
become an expense?
5. Question :
(TCO 5) Variable costing income is a function of:
6. Question :
(TCO 5) Peak Manufacturing produces snow blowers. The selling
price per snow blower is $100. Costs involved in production are:
7. Question :
(TCO 6) Which of the following is not a reason that companies
allocate costs?
8. Question :
(TCO 6) Which of the following statements about cost pools is not
true?