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Projected Sales: 25,000 Average Sales Price per Unit: Average Variable Cost per Unit: 56.00 $ 38.00 Total Fixed Costs: $ 342,000 Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000

Projected Sales: 25,000 Average Sales Price per Unit: Average Variable Cost per Unit: 56.00 $ 38.00 Total Fixed Costs: $ 342,000 Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 23E
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Answer Questions #11,12, and 13 using the information below: Projected Sales: 25,000 Average Sales Price per Unit: $ 56.00 Average Variable Cost per Unit: $ 38.00 Total Fixed Costs: $ $ 342,000 11) Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000 12) Break-even Units equals: A) 6,000 B) 14,000 C) 19,000 D) 22,000 13) If Budgeted Sales were $1,300,000, then the Margin of Safety in dollars is: A) $100,000 B) $236,000 C) $350,000 D) $578,000
Transcribed Image Text:Answer Questions #11,12, and 13 using the information below: Projected Sales: 25,000 Average Sales Price per Unit: $ 56.00 Average Variable Cost per Unit: $ 38.00 Total Fixed Costs: $ $ 342,000 11) Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000 12) Break-even Units equals: A) 6,000 B) 14,000 C) 19,000 D) 22,000 13) If Budgeted Sales were $1,300,000, then the Margin of Safety in dollars is: A) $100,000 B) $236,000 C) $350,000 D) $578,000
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