The cost and volume information below:Volume Cost 1 unit USD15 10 units USD150 100 units USD1500 What type of a cost is given?a. fixed costb. variable costc. step costd. mixed coste. rent cost. The Cape Cod Cotton Candy Company had the following information available regarding last year’s operations:Sales (100,000 units) USD200,000Variable costs USD100,000Contribution margin USD100,000Fixed costs USD50,000Net Income USD50,000 If sales were to increase by 200 units, what would be the effect on net income?a. USD400 increaseb. USD200 increasec. USD150 increased. USD100 increasee. USD200 loss

Answered: The cost and volume information below:…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 62P

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The cost and volume information below:
Volume Cost
1 unit USD15
10 units USD150
100 units USD1500

What type of a cost is given?
a. fixed cost
b. variable cost
c. step cost
d. mixed cost
e. rent cost.

The Cape Cod Cotton Candy Company had the following information available regarding last year’s operations:

Sales (100,000 units) USD200,000
Variable costs USD100,000
Contribution margin USD100,000
Fixed costs USD50,000
Net Income USD50,000

If sales were to increase by 200 units, what would be the effect on net income?
a. USD400 increase
b. USD200 increase
c. USD150 increase
d. USD100 increase
e. USD200 loss

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