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  1. business
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  3. figure 8-12. assume the following information for

Figure 8-12. Assume the following information for a product line: ...

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Accounting

Figure 8-12. Assume the following information for a product line:

Sales

$700,000

Variable expenses

185,000

Direct fixed expenses

115,000

Variable selling and administrative expenses

70,000

Direct fixed selling and admin. expenses

90,000

13. Refer to Figure 8-12. What is the contribution margin of the product line?

a.

$400,000

b.

$525,000

c.

$445,000

d.

$515,000

14. Refer to Figure 8-12. What is the segment margin of the product line?

a.

$200,000

b.

$325,000

c.

$350,000

d.

$240,000

15. The two major costs associated with inventory are

a.

ordering costs and setup costs.

b.

setup costs and stockout costs.

c.

stockout costs and carrying costs.

d.

ordering costs and carrying costs.

e.

None of these.

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