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Author Question: If a company increases the price of its product by 10% with no change in sales volume, (Read 71 times)

eboni

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on: Feb 5, 2023

Question 1

Tina Industries manufactures a product whose variable costs are 62.5% of sales. Tina's tax rate is 35% and net income for the year was $33,696. If Tina sold 23,040 units at $16 per unit, what were the company's operating income and fixed costs (round your answer if necessary)?
◦ $51,840; $86,400
◦ $96,275; $134,125
◦ $171,936; $75,661
◦ $138,240; $41,965

Question 2

If a company increases the price of its product by 10% with no change in sales volume,
◦ total fixed costs will decline.
◦ fixed cost per unit will change.
◦ the total contribution margin will not change.
◦ contribution margin per unit will change.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by eboni on Feb 5, 2023

Jim457

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Reply #1 on: Feb 5, 2023
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eboni

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Reply 2 on: Feb 5, 2023
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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