Its contribution margin is 30%, and fixed costs are $180,000
71) Which of the following does not appear as a separate section on the cash budget? A. Financing B. Cash disbursements C. Cash receipts D. Capital expenditures
72) Beginning cash balance plus total receipts A. is the excess of available cash over disbursements. B. must equal total disbursements.
73) A _____ gives the expected sales under a given set of conditions. A. sales forecast B. sales budget C. sales prediction D. budget forecast
D. equals total available cash
74) At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit? A. Not enough information B. $. C. $. D. $.
75) How much sales are required to earn a target income of $80,000 if total fixed costs are $100,000 and the contribution margin ratio is 40%? A. $330,000. B. $200,000. C. $300,000. D. $450,000.
76) A company requires $1,020,000 in sales to meet its net income target. What is the target net income? A. $126,000. B. $234,000. C. $306,000. D. $420,000.
77) At the break-even point of 2,500 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit? A. $. B. $9.20. C. $. D. $.
C. equals ending cash balance
78) A well-designed activity-based costing system starts with A. analyzing the activities performed to manufacture a product. Bputing the activity-based overhead rate. C. identifying the activity-cost pools. D. assigning manufacturing overhead costs for each activity cost pool to products.
79) An absorption-costing income statement separates cost into the major categories of_____. A. all of these answers are correct B. product and period C. manufacturing and nonmanufacturing D. inventoriable and noninventoriable
80) The last step in activity-based costing is to A.