Manix Company Has Gathered the Following Data Fixed Costs Are $233,280

question 126

Multiple Choice

Manix Company has gathered the following data: $\begin{array}{rrrc} & \text { Unit Sales Price } & \text { Unit Variable Costs } & \text { Unit Sales } \\\text { Product 1 } & \$ 18.00 & \$ 10.00 & 24,500 \\\text { Product 2 } & 27.00 & 17.00 & 17,500 \\\text { Product 3 } & 35.00 & 28.00 & 28,000 \\\end{array}$ Fixed costs are $233,280. The weighted-average breakeven point is

• A) 34,500 units.
• B) 28,800 units.
• C) 25,200 units.
• D) 29,900 units.

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Definitions:

Dummy Variables

Variables created to represent categorical data with two or more categories by assigning binary values (0 or 1), allowing them to be used in regression models.

Qualitative Variables

Variables that express qualitative attributes, and are usually described by non-numeric categories or groups.

Regression Model

A statistical approach for estimating the relationships among variables, often used for prediction and forecasting.

Dummy Variables

Variables created to assign numerical values to categorical data, often used in regression analysis to include qualitative factors as independent variables.