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Student name: .................................................................................................................
Student number: ..............................................................................................................
YORK UNIVERSITY
Faculty of Liberal Arts & Professional Studies
School of Administrative Studies
ADMS 2510 3.0 Fall 2013
Common Mid-Term Examination
Sunday, November 10th, 2013
2 hours
Section

Day

Time

Section Director

Location

A

Tuesday

4 – 7 pm

John Parkinson

Vari D

B

Thursday

4 – 7 pm

Alison Beavis

Ross S 137

C

Monday

7 – 10 pm

John Parkinson

ACW 004

D

Wednesday

11:30 – 2:30 pm

Lawrence Shum

ACW 006

E

Internet

Gary Spraakman

Internet

F

Thursday

11:30 – 2:30 pm

Alison Beavis

ACW 006

G

Monday

4 – 7 pm

John Parkinson

Curtis H

Instructions:
This is a closed-book examination and no collaboration is allowed.
There are 4 equally-weighted questions.
Answer the questions in the examination paper.
Use the back of a page of the examination paper for rough workings.
Place your photo-identification on your desk during the examination to facilitate verification.
You have 2 hours to complete the examination.
Question
1
2
3
4

Marks

Total Marks
/25
/25
/25
/25

/100

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Question 1:

There are five parts. [5 marks for each part]

a) Calculate the break-even point in dollars where:
Fixed costs
Variable cost ratio

$400,000
60%

BE = FC/CMR
BE = $400,000/.6 = $666,667

Kroy Company has the following cost structure:
Sales price per unit
Variable cost per unit
Fixed costs

$25
$15
$200,000

b) How many units must Kroy sell to achieve a before-tax target profit of $150,000?
CM = SP – VC
CM =

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