Author Question: Match the following terms to the appropriate statement by placing the letter to the left of each ... (Read 109 times)

Austinleez3 · **on:** Feb 5, 2023

Question 1

Wasson Whatsit Company is contemplating the production and sale of a new product. Projected sales are $300,000 (or 75,000 units) and desired profit is $36,000. What is the target cost per unit?
◦ $4.00
◦ $4.80
◦ $3.52
◦ $4.48

Question 2

Match the following terms to the appropriate statement by placing the letter to the left of each statement.

a.

Break-even graph

f.

Markup

b.

Break-even point

g.

Margin of safety

c.

Cost-plus pricing

h.

Operating leverage

d.

Cost-volume-profit analysis

i.

Sales mix

e.

Degree of operating leverage

j.

Target costing

______

1

.Sales revenue is exactly equal to total costs, and there is no profit or loss.

______

2

.The difference between current sales and break-even sales.

______

3

.Analysis that helps managers assess the impact of various business decisions

on company profits.

______

4

.The change in operating income relative to a change in sales.

______

5

.The sales of each product relative to total sales

______

6

.Adds an amount to the cost of the product or service to cover the company's

operating costs and contribute to its profit.

______

7

.Computes the desired markup and the maximum cost the company can incur

to deliver a product or service at the market price.

______

8

.Illustrates the relationship between sales and costs, allowing managers to

view

a range of results in a single glance.

______

9

.The difference between the selling price and the cost of the product.

______

10.

A way to compute the expected change in operating income due to a change

in sales volume at a given level of sales.

ElaneShive · **Reply #1 on:** Feb 5, 2023

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