1. Unless otherwise noted, for any questions that require ro…
1. Unless otherwise noted, for any questions that require rounding, round intermediate calculations to 4 decimal places and round your final answer to the same decimal place as the potential answer choices that are presented. 2. Be sure to read all of the possible answer choices because some questions include potential answers of “all of the above” or “none of the above.” 3. There are 25 questions, each worth 5 points. Formulas Break-even point in units = total fixed costs / contribution margin per unit Break-even point in sales dollars = total fixed costs / contribution margin ratio Target units = (total fixed costs + desired profit) / contribution margin per unit Target in sales dollars = (total fixed costs + desired profit) / contribution margin ratio