Under the FIFO costing method, the two categories in which the completed units are divided...
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Accounting
Under the FIFO costing method, the two categories in which the completed units are divided are:
a. beginning work-in-process units and units started.
b. other categories.
c. beginning work-in-process units and units started and completed during the current period.
d. units started and completed and ending work-in-process units.
Arthur Company sells a product for $14 per unit. The per-unit variable cost is $4 and the total fixed cost is $38,000. How many units must Arthur sell to earn an operating income of $12,000?
a. 3,800
b. 9,500
c. 2,600
d. 5,000
Learner Company sells its product for $100. It has a variable cost ratio of 70% and total fixed cost of $9,000. What is the break-even point in sales dollars for Learner Company?
a. $32,000
b. $12,858
c. $8,000
d. $30,000
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