BUS 252 Accounting Test Bank 07 Questions and Answers(2022/2023)

74. Sanes Corporation produces and sells a single product. Data concerning that product appear below: The unit sales to attain the company's monthly target profit of $19,000 is closest to: A. 3,42 6 B. 5,83 3 C. 3,80 6 D. 2,15 8 75. A product sells for $10 per unit and has variable expenses of $6 per unit. Fixed expenses total $45,000 per month. How many units of the product must be sold each month to yield a monthly profit of $15,000? A. 6,000 units B. 3,750 units C. 15,000 units D. 10,000 units 76. Palomo Corporation sells a product for $170 per unit. The product's current sales are 35,200 units and its break-even sales are 25,344 units. The margin of safety as a percentage of sales is closest to: A. 72 % B. 39 % C. 28 % D. 61 % 77. Malley Corporation has provided the following data concerning its only product: What is the margin of safety in dollars? A. $1,390,0 00 B. $562,95 0 C. $2,085,0 00 D. $1,522,0 50