Author Question: Match the following terms to the appropriate statement by placing the letter to the left of each ... (Read 101 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

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 64% of students answer this correctly