Question 1(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 1 unsaved” title=”Question 1 unsaved”>Thomas Train has collected the following information over the last six months.MonthUnits producedTotal costsMarch10,000$25,600April12,00026,200May20,00029,200June13,00026,450July12,00026,000August15,00026,500Using the high-low method, what is the variable cost per unit?Your Answer:Question 1 options:AnswerSaveQuestion 2(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 2 unsaved” title=”Question 2 unsaved”>Rooter’s Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:JanuaryFebruaryMarchAprilMayJuneJulyNumber of rooms cleaned250160200150300170260Cleaning cost$6,450$4,060$5,100$4,100$6,640$4,200$6,530How much are estimated monthly variable costs using the high-low method?Your Answer:Question 2 options:AnswerSaveQuestion 3(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 3 unsaved” title=”Question 3 unsaved”>A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is aQuestion 3 options:mixed coststep costvariable costfixed costSaveQuestion 4(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 4 unsaved” title=”Question 4 unsaved”>Winny’s Office Furniture has a contribution margin ratio of 16%. If fixed costs are $194,800, how many dollars of revenue must the company generate in order to reach the break-even point?Your Answer:Question 4 options:AnswerSaveQuestion 5(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 5 unsaved” title=”Question 5 unsaved”>Tim Taylor has written a self improvement book that has the following cost characteristics:Selling Price$16.00 per bookVariable cost per unit:Production$4.00Selling & administrative2.00Fixed costs:Production$93,200 per yearSelling & administrative24,300 per yearHow many units must be sold to break-even?Your Answer:Question 5 options:AnswerSaveQuestion 6(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 6 unsaved” title=”Question 6 unsaved”>The use of fixed cost to increase profits at a rate faster than sales increase is called:Question 6 options:“What if“ analysisC-V-P analysisoperating leveragecontribution margin approachSaveQuestion 7(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 7 unsaved” title=”Question 7 unsaved”>Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $40, and the fixed costs per month are $5,000. The margin of safety is:Your Answer:Question 7 options:AnswerSaveQuestion 8(1 point) .umuc.edu/d2l/img/0/QuestionCollection.Main.infQuestionUnsaved.gif?v=10.3.0.678-87″ alt=”Question 8 unsaved” title=”Question 8 unsaved”>Which of the following statements about the relevant range is true?Question 8 options:Cost functions outside the relevant range are usually linearThe relevant range is the normal length of time in a company’s accounting periodEstimates outside the relevant range are usefulCost functions within the relevant range are assumed to be linear

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