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Easton Bakery makes bread. Results for the months of January and February were as follows: January February Number of loaves of bread produced and sold 5 million 4 million $ Millions $ Millions Sales revenue $2.50 $2.00 Flour & other ingredients $1.25 $1.00 Direct labour 0.50 0.40 Production overhead 0.50 0.45 General & administrative overhead 0.10 0.10 Total cost $2.35 $1.95 Operating profit $0.15 $0.05 Use this information to answer the questions that follow. Question 19 (2 points) The contribution margin per million loaves of bread is __________. Question 19 options: $0.10 million $0.40 million none of the other options $0.50 million $0.20 million Question 20 (2 points) The total fixed cost is __________. Question 20 options: $0.50 $0.25 $0.35 $0.10 none of the other options Question 21 (2 points) The break-even point in millions of loaves of bread is __________. Question 21 options: 4 5 3.5 none of the other options 1 Question 22 (2 points) If Easton Bakery sells 10 million loaves of bread, its expected operating profit would be __________. Question 22 options: none of the other options $0.30 million $0.65 million $0.60 million $0.50 million Question 23 (2 points) To make a profit of $0.25 million, Easton Bakery would have to sell how many loaves? Question 23 options: 7.0 million 5.5 million none of the other options 5.0 million 6.0 million _____

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