Acontribution approach

income statement can

usually be easily
prepared from
theinformation
contained in
acorporation's
published income
statement
Select one:
The correct answer is 'False'.True False 
Question 5CorrectMark 1.00 out of 1.00
A company has sales of
one of its products of
$400,000 per year and a
contribution margin
ratio of 20%. Its margin
of safety is $40,000. What
is the company’s breakeven point?Answer:
360,000
The correct answer is: 360,000
Last year, Black Company reported sales of
$640,000, a contribution margin of $160,000, and a
net loss of$40,000. Based on this information, the
break-even point in sales dollar was:Answer:
800,000
The correct answer is: 800,000

Question 7CorrectMark 1.00 out of 1.00

Ata break-even point of 400 units sold, variable
expenses were $4,000 and fixedexpenses were
$2,000. Whatwill the 401st unit sold contribute to
profit?Answer:
5
The correct answer is: 5

Question 8CorrectMark 1.00 out of 1.00Mason

Enterprises has
prepared the following budget for the month of July:
Assuming that total fixed costs will be $150,000 and
the mix remains constant, the breakeven point (rounded
to thenext higher whole unit) will beAnswer:
21,819
The correct answer is: 21,819