Sonoma winery has fixed costs of 12000 per year its

Reference no: EM13603824

1)Sonoma Winery has fixed costs of $12,000 per year. Its warehouse sells wine with variable costs of 80% of its unit selling price. How much in sales does Sonoma need to break even per year?

A. $15,000

B. $2,400

C. $60,000

D. $9,600

2) How much sales are required to earn a target net income of $96,000 if total fixed costs are $120,000 and the contribution margin ratio is 40%?

A. $540,000

B. $486,000

C. $240,000

D. $300,000

3) Jenks Corporation reported sales of $2,000,000 last year (100,000 units at $20 each), when the break-even point was 80,000 units. Jenks' margin of safety ratio is

A. 25%.

B. 80%.

C. 120%.

D. 20%.

Reference no: EM13603824

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