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A company has sales of $10,000, variable costs of $6,000, and income of $800. Therefore, the company has fed costs of 4,000. True or Fase If a company has sales of $2,500 and variable costs of $1,500, then its contribution margin ratio equals 40%. True or False A company produced 25,000 units and reported the following costs: direct materials, $15 per unit, direct labor, $25 per unit: variable overhead. 518 per unit, and fixed overhead, $500,000 per year. Product cost per unit under absorption costing is $58. True or False Vista Company reports the following information. Direct materials Direct labor Variable overhead Fixed overhead Units produced $ 30 per unit $ 50 per unit $ 30 per unit $ 345,000 per year 20,000 units Compute its product cost per unit under absorption costing. Multiple Choice $129.25 $127.25 $137.25 $110.00 A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. The contribution margin ratio is: Multiple Choice 80 O 78% o 20 25 0 30 A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. Contribution margin per unit is: Multiple Choice $62 $82 552 0372 $92 A company produced 10,000 units and reported the following costs: direct materials, $10 per unit direct labor $20 per unit: variable overhead, $10 per unit, and fixed overhead, $160,000 per year, Product cost per unit under variable costing is $40. True or Face