08 May HOW MANY TICKET PACKAGES WILL RUBEN NEED TO SELL IN ORDER TO ACHIEVE $60 000 OF OPERATING INCOME?
1. The breakeven point is the activity level where:a. revenues equal fixed costsb. contribution margin equals variable costsc. revenues equal the sum of variable and fixed costsd. revenues equal variable costs2. When fixed costs are $100 000 and variable costs are 20% of the selling price then breakeven sales are:a. $100 000b. $500 000c. $125 000d. indeterminable3. Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5 000 in advertising costs.What is the contribution margin per ticket package?a. $50b. $100c. $150d. $2004. If unit outputs exceed the breakeven point:a. total sales revenue exceeds total costsb. there is a profitc. there is a lossd. Both total sales revenue exceeds total costs and there is a profit.5. Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5 000 in advertising costs.How many ticket packages will Ruben need to sell to break even?a. 34 packagesb. 50 packagesc. 100 packagesd. 150 packages6. Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5 000 in advertising costs.How many ticket packages will Ruben need to sell in order to achieve $60 000 of operating income?a. 367 packagesb. 434 packagesc. 1 100 packagesd. 1 300 packages7. Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5 000 in advertising costs.For every $25 000 of ticket packages sold operating income will increase by:a. $6 250b. $12 500c. $18 750 d. an indeterminable amount
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