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    Practice exam questions, managerial accounting

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    Can you help me get started with these questions?

    1. At a break-even point of 440 units sold, variable expenses were $4,928 and fixed expenses were $2,464. What will the 441st unit sold contribute to profit?

    a.$5.6
    b.$0
    c.$11.2
    d.$16.8

    2. Last year, Black Company reported sales of $680,000, a contribution margin of $204,000, and a net loss of $40,000. Based on this information, the break-even point was (rounded):

    a.$680,000
    b.$476,000
    c.$813,333
    d.$1,017,333

    3. The break-even point in dollar sales for Rice Company is $359,000 and the company's contribution margin ratio is 34%. If Rice Company desires a profit of $100,980, sales would have to total

    a.$481,060
    b.$425,647
    c.$656,000
    d.$582,040

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    https://brainmass.com/business/accounting/practice-exam-questions-managerial-accounting-415577

    Solution Summary

    Your tutorial creates a contribution margin format income statement for all 3 problems to solve for missing amounts in Excel (see **attached**). Click in cells to see computations and formulas.

    $2.19

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