MBA 700 EXAM 4 EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+
The highest value of total cost was $800,000 in June for
Jeter Cookie's, Inc. Its lowest value of total cost was
$510,000 in December. The production volume in June and
December were 13,000 and 8000 units, respectively. What is
the fixed cost per month?
Select one:
A.$510,000
B.$46,000
C.$290,000
D.$8000 - ANSWERS-$46,000
Closet Links Clothing Company provided the following
manufacturing costs for the month of June.
Direct labor cost$130,000Direct materials
cost90,000Equipment depreciation (straight-
, line)23,000Factory insurance18,000Factory manager's
salary10,000Packaging costs19,200Property
taxes14,000From the above information, calculate Closet
Link's total variable costs.
Select one:
A.$220,000
B.$307,200
C.$239,200
D.$68,000 - ANSWERS-$239,200
Carrabelle Company has provided the following
information:Sales price per unit$56Variable cost per
unit12Fixed costs per month$12,000Calculate the
contribution margin ratio. (Round your answer to two
decimal places.)
Select one:
A.21.43%
B.78.57%
C.82.35%
D.64.71% - ANSWERS-78.57%
A(n) ________ groups cost by behavior; costs are classified
as either variable costs or fixed costs.
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+
The highest value of total cost was $800,000 in June for
Jeter Cookie's, Inc. Its lowest value of total cost was
$510,000 in December. The production volume in June and
December were 13,000 and 8000 units, respectively. What is
the fixed cost per month?
Select one:
A.$510,000
B.$46,000
C.$290,000
D.$8000 - ANSWERS-$46,000
Closet Links Clothing Company provided the following
manufacturing costs for the month of June.
Direct labor cost$130,000Direct materials
cost90,000Equipment depreciation (straight-
, line)23,000Factory insurance18,000Factory manager's
salary10,000Packaging costs19,200Property
taxes14,000From the above information, calculate Closet
Link's total variable costs.
Select one:
A.$220,000
B.$307,200
C.$239,200
D.$68,000 - ANSWERS-$239,200
Carrabelle Company has provided the following
information:Sales price per unit$56Variable cost per
unit12Fixed costs per month$12,000Calculate the
contribution margin ratio. (Round your answer to two
decimal places.)
Select one:
A.21.43%
B.78.57%
C.82.35%
D.64.71% - ANSWERS-78.57%
A(n) ________ groups cost by behavior; costs are classified
as either variable costs or fixed costs.
