1. What is the operating income for a product that has a selling price of $5 per unit, a variable cost of $2 per unit, a

[answerhappygod]

1. What is the operating income for a product that has a
selling price of $5 per unit, a variable cost of $2 per unit, and
fixed costs of $150,000 per year if 70,000 units are sold in a
year? Give your answer as the dollar value without the dollar sign
(e.g. enter an answer of $5.70 as 5.70).
2. What is the breakeven point for a product that has a
selling price of $5 per unit, a variable cost of $2 per unit, and
fixed costs of $150,000 per year? Give your answer in the number of
units per year.
a)20000
b)40000
c) 50000
3.
Which of the following would be considered product
costs instead of period costs? choose all that is product
cost.
a)Storage and handling of raw materials
b)Oils and lubricants used in manufacturing equipment
c)Travel expenses for a board meeting.
d)Labor costs for the machine operators.
e)Cost of putting up a billboard.
f)Commissions paid to salespeople.