1. For every unit that a company produces and sells above the breakeven point its profitability is improved (ignoring taxes) by the unitsA) gross margin.B) selling price minus fixed cost.C) variable cost.D) contribution margin.2. Excerpts from a cost
1. For every unit that a company produces and sells above the breakeven point its profitability is improved (ignoring taxes) by the unitsA) gross margin.B) selling price minus fixed cost.C) variable cost.D) contribution margin.2. Excerpts from a cost-volume-profit analysis indicate fixed costs of $50000 a contribution margin per unit of $35 a selling price of $90 and a sales level of 4000 units. What must be the targeted level of profit?A) $80000B) $105000C) $140000D) $900003. Dick Sports Inc.s income statement data for last year is as follows:Sales revenue$200000Variable costs140000Fixed costs30000Operating income18000What is Dicks breakeven point in dollars?A) $100000B) $18000C) $142000D) $480004. Excerpts from a cost-volume-profit analysis indicate fixed costs of $30000 a variable cost per unit of $36 a selling price of $60 and a sales level of $125000. The targeted level of profit must beA) $20000.B) $50000.C) $95000.D) $75000.