The Following Annual Information Is for Bressler Corporation: Total

question 72

Multiple Choice

The following annual information is for Bressler Corporation: Total fixed costs: $100,000
-What is the operating income for a year,assuming actual sales total 150,000 units,and the sales mix is two units of Product X and one unit of Product Y?

• A)$1,200,000
• B)$1,250,000
• C)$1,750,000
• D)None of the above is correct.

Apply the business entity concept in various contexts.

Comprehend the function and structure of the four main financial statements.

Understand the distinctions between internal and external users of financial information.

Articulate the importance and implication of key accounting concepts such as objectivity, unit of measure, and the cost concept.

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Definitions:

Horizontal Axis

In graphing, this is the x-axis, typically used to represent the independent variable or categories being compared.

Straight Line

A geometric figure formed by two points and extended infinitely in both directions.

Decreasing Rate

Describes a situation where the rate at which something happens or is done reduces over time.

Increasing Rate

A situation where the magnitude or quantity of something grows at a pace that accelerates over a given period of time.