70.2K

Verified Solution

Link Copied!

1.

In Keegan Corporation's most recent fiscal year, the company reported income of $217,000. Fixed costs totaled $358,800, the unit selling price of the firm's only product was $65, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was: Multiple Choice O 14,635 units. O 14,765 units. O 14,490 units. O 9,200 units. O 8,885 units.Mobile Company manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales). Fixed costs are $1,189,000, and the weighted-average contribution margin per unit is $290. How many units of each product are sold at the break-even point? Multiple Choice O Tablet computers, O units; Smartphones, 4,100 units. O Tablet computers, 4,100 units; Smartphones, 0 units. O Tablet computers, 4,100 units; Smartphones, 4,100 units. O Tablet computers, 2,460 units; Smartphones, 1,640 units. O Tablet computers, 1,640 units; Smartphones, 2,460 units.Classify each ofIhe costs below as either a product cost or a period cost under to] absorption costing and [b] variable costing. Direct materials Direct labor 'u'ariable overhead per unit Fixed overhead BELOW per year 'u'ariable selling and administrative expenses BLED per unit 231000 per year Fixed selling and administrative expenses

Answer & Explanation Solved by verified expert

See Answer