Use the Following Information for the Next 5 Questions

question 32

Multiple Choice

Use the following information for the next 5 questions.
SXF sells its single product for $14 per unit, and its variable cost per unit is $4. Total fixed costs are $800. Its CVP graph is as follows:

-Which of the following actions will move Point B higher on the y axis?

• A) An increase in the price of materials
• B) A decrease in the number of units sold
• C) Purchase of new equipment
• D) An increase in variable overhead cost

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or dispersion.

Grade Equivalent

A statistical measure used in educational testing to compare a student's performance with the average performance of students at a particular grade level.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most scores are near the average.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.