Managerial Accounting

Current Location ? .HBLC_4124_ACC_202_J002_32368 ACC 202: Managerial Accounting (4124_J002) Quizzes Take Test: Chapter 05 .
.

Menu Management Options Expand AllCollapse All ..Course Menu:BLC_4124_ACC_202_J002_32368 (ACC 202: Managerial Accounting (4124_J002))
H Announcements .
Syllabus .
PowerPoint Slides .
Tutoring Schedule .
Connect .
Extra Class Exercises .
Quizzes .
Exams .
My Grades .
Help .
Take Test: Chapter 05 .Content Assistive Technology Tips [opens in new window]
InstructionsDescription
Instructions
Multiple Attempts This Test allows 2 attempts. This is attempt number 1.
Force Completion This test must be completed based on the requirements of this course.

Question Completion Status:
1 2 3 4 5 6 7 8 9 10

Question 1 The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. What is the company's margin of safety in dollars?
Answer $400,000 $600,000 $120,000 $880,000
.
10 points
Question 2 The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. What is the company's break-even in units?
Answer 20,000 units 0 units 18,000 units 12,000 units
.
10 points
Question 3 The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. If sales increase by 100 units, by how much should net operating income increase?
Answer $400 $4,800 $1,500 $2,500
.
10 points
Question 4 The following is Addison Corporation's contribution format income statement