Author Question: Fixed costs equal $16,000, unit contribution margin equals $35, and the number of units sold equal ... (Read 146 times)

segrsyd · **on:** Mar 6, 2021

Question 1

Family Furniture sells a table for $950. Its fixed costs are $2,500, while its variable costs are $500 per table. It currently plans to sell 180 tables this month.

What is the budgeted operating income for the month assuming that Family Furniture sells 180 tables?
◦ $168,500
◦ $81,000
◦ $78,500
◦ $171,000

Question 2

Fixed costs equal $16,000, unit contribution margin equals $35, and the number of units sold equal 1,300. Operating income is ________.
◦ $45,500
◦ $29,500
◦ $16,000
◦ $61,500

sierrahalpin · **Reply #1 on:** Mar 6, 2021

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