Reference no: EM132787126
Problem 1: Costs that can be easily and cost-effectively traced to a cost object are known as
Select one:
a. indirect costs
b. hidden costs
c. direct costs
d. prime costs
Holly Incorporated, which produces and sells a single product, has provided the following data:
Sales: 2,000 units
Selling price: KD60 per unit
Variable expense: KD 40 per unit
Fixed expense: KD 20,000
Problem 2: If the sales volume decreases by 50% and the variable expense per unit increases by 15%, net operating income is expected to:
Select one:
a. Decrease by KD 19,000
b. Decrease by KD 1,000
c. Decrease by KD 26,000
d. Decrease by KD 60,000
A recent income statement of Dagwood Corporation reported the following data:
Units sold: 8,000
Sales Revenues: KD 9,600,000
Variable Costs: KD 6,000,000
Fixed Costs: KD 2,600,000
Problem 3: If the company desired to earn a target net profit of KD 1,405,000, it would have to sell:
Select one:
a. 8,600 units
b. 5,778 units
c. 8,900 units
d. 10,160 units
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