# Acct 6273 Final Exam Acct6273 Final Exam

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ACCT 6273 Final Exam ACCT6273 Final Exam

ACCT 6273
Final Exam
100 points, total.
For partial credit, formulas and work, appropriately labeled, must be shown. There is no partial credit for multiple choice or true/false questions.

1. Lincoln Company manufactures and sells small electric heaters for homes and offices. The company’s income statement for the FY2014 is given below:

Total Per unit Sales (30,000 units) \$1,800,000 \$60 Less variable expenses 1,440,000 48 Contribution margin 360,000 \$12 Less fixed expenses 264,000 Net income \$ 96,000

a. Compute the company’s break-even point in units. [8 points] * * * * * * * * * * Answer____________________ b. If Lincoln Company increases its price to \$100, do you expect the breakeven point in units to be more or less than the number you calculated in question 1a above? Why? Circle (or highlight) one [1 point]: More than question 1a Less than question 1a Explain why, but do not use calculations. [3 points]

* * * * c. Confirm your answer to question 1a above by preparing a...