( 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? 9. Question:( TCO 6) The building maintenance department for Jones Manufacturing Company budgets annual costs of $ 4,200,000 based on the expected operating level for the coming year. The costs are allocated to two production departments. The following data relate to the potential allocation bases: Production Dept. 1 10. Question:( TCO 7) A company is currently making a necessary component in house( the company is producing the component for its own use). The company has received an offer to buy the component from an outside supplier. A machine is being rented to make the component. If the company were to buy the component, the machine would no longer be rented. The rent on the machine, in relation to the decision to make or buy the component, is: