accounting (managerial)


Question Description:

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accounting (managerial) 1 answer below » Discretionary fixed costs: Answer View complete question » A. vary directly and proportionately with the level of activity. B. have a long-term planning horizon, generally encompassing many years. C. are made up of plant, equipment, and basic organizational costs. D. None of these. Question 18, 19 and 20 use the following
information: The following is Addison Corporation’s contribution format income
statement for last month: Sales $ 1,000,000 Discretionary fixed costs: Answer A. vary directly and proportionately with the level of activity. B. have a long-term planning horizon, generally encompassing many years. C. are made up of plant, equipment, and basic organizational costs. D. None of these. Question 18, 19 and 20 use the following
information: The following is Addison Corporation’s contribution format income
statement for last month: Sales $ 1,000,000 Variable expenses 700,000 Contribution margin 300,000 Fixed expenses 180,000 Net operating income $ 120,000 The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. 18. What is the company’s contribution margin ratio? Answer A. 250% B. 150% C. 70% D. 30% 19. What is the company’s break-even in units? Answer A. 20,000 units B. 0 units C. 18,000 units D. 12,000
units 20. How many units would the
company have to sell to attain the target profit of $150,000? Answer A.
22,000 B. 37,500 C. 25,000 D.
26,667 View less » Dec 06 2013 10:57 PM

Answer

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