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  3. 1. knox corp has a selling price of $28, variable

1. Knox Corp has a selling price of $28, variable costs of $18.76 per unit,...

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Accounting

1. Knox Corp has a selling price of $28, variable costs of $18.76 per unit, and fixed costs of $22,000. If Knox sells 9,200 units, the contribution margin ratio will equal:

850.08%

33.00%

12.05%

20.95%

2. Megan, Inc. has fixed costs of $447,000, sales price of $42, and variable cost of $32 per unit. How many units must be sold to earn profit of $83,000?

53,000

1,976

10,276

44,700

3. Allen, Inc., has a contribution margin of 54% and fixed costs of $288,576. What is the break-even point in sales dollars?

$155,831

$245,824

$288,576

$534,400

4. Orchid Corp. has a selling price of $15, variable costs of $12 per unit, and fixed costs of $22,500. If Orchid sells 12,500 units, contribution margin will equal: 03-

$107,500

$15,000

$97,500

$37,500

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