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20 Assume that a company sells customized sweatshirts for $15.00 per unit. It pays a sales commission of $5.00 per unit sold. The company must buy sweatshirts from its supplier in batches of 100 units at an average unit cost of $7.00 per sweatshirt. If the company buys two batches of sweatshirts from its supplier how many sweatshirts does it need to sell to breakeven? S 2014 Multiple Choice 140 sweatshirts 467 sweatshirts 340 sweatshirts 267 sweatshirts 21 Assume that a company's variable manufacturing costs per unit are $80, its fixed manufacturing overhead is $24 per unit, and its variable selling expense is $12 per unit. What is the company's unit product cost under absorption costing? 3 ore Multiple Choice 0 $180 $104 $92 590 Per Year 22 Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 78 $ 50 $ 11 $ 8 $300,000 01:02:24 Using variable costing, what is the company's net operating income? eBook Multiple Choice $530,000 $230,000 $310,000 $210,000 Per Year 24 Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 78 $ 50 $ 11 $ 8 $300,000 8 01:02:11 Using absorption costing, what is the cost of goods sold for the second year of operations? eBook Multiple Choice $1,750,000 $1765,000 O $1,382,000 $1462,000 27 Number of units produced Direct labor hours per unit Number of setups Hours per setup Number of material moves Number of producto Product A 1,000 units 2 hours 30 setups 5 hours 600 moves 1 product Product D 7,000 units 2 hours 50 setups 3 hours 400 moves 1 product Product c 2,000 units 2 hours 20 setups 5 hours 200 moves 1 product 010034 Back Using the activity-based costing approach, what percent of the company's total Machine Setup activity cost would be allocated to Product C? Multiple Choice 48% 38% 35% Which of the following statements is false? 29 Multiple Choice 8 01:00-15 eBook Budgets force managers to think about and plan for the future. Budgets define goals and objectives that can serve as benchmarks for evaluating subsequent performance. Budgets enable each department to function independently from other departments. Budgets communicate management's plans throughout the organization

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