Reference no: EM133050984
Question - The following relates to the cost card of Kingtech Ltd. The company budgets to sell 80,000 units of its product at $600 per unit during Period 1.
Wages 60
Materials 240
Overheads 120
Total variable cost 420
Fixed cost for the period $6,048,000
1. What is the company's contribution per unit?
a) $600
b) $180
c) $420
d) $300
2. Calculate the contribution to sales ratio?
a) 3%
b) 43%
c) 30%
d) 33%
3. Calculate the break-even point in units.
a) 10,080 units
b) 14,400 units
c) 33,000 units
d) 33,600 units
4. Calculate the break-even point in sales revenue.
a) $19,800,000
b) $20,160,000
c) $6,048,000
d) $8,640,000
5. Calculate in units the company's margin of safety.
a) 46,400 units
b) 47,000 units
c) 69,920 units
d) 33,600 units
6. Calculate sales revenue for the company's margin of safety.
a) $41,952,000
b) $20,160,000
c) $27,840,000
d) $28,200,000
7. If the company wanted to sell 70,000 units and breakeven what should the selling price be?
a) $333.60
b) $506.40
c) $495.60
d) $595.60
8. Calculate the budgeted profit for the period.
a) $17,952,000
b) $8,352,000
c) $14,400,000
d) $11,952,000
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