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Question 23 Not yet answered Marked out of 2.00 Flag question Question...

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Accounting

Question 23

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Variable costs for Abbey, Inc. are 25% of sales. Its selling price is $100 per unit. If Abbey sells one unit more than break-even units, how much will profit increase?

Select one:
a. $100
b. $100
c. $25
d. $75
e. $50

Question 24

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Question text

Perry Company has provided the following information:

Month Budgeted Sales

March $200,000

April 212,000

May 204,000

June 218,000

July 210,000

In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.

The purchase budget for june is :

Select one:
a. $494,160
b. $125,760
c. $124,920
d. $129,360
e. $380,040
f. $129,360
g. $163,920

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