
Chapter 21
Quiz
•
Life Skills
•
University
•
Medium
Lindsey Patterson
Used 1+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Straight-line depreciation on a truck is a
Variable cost
Fixed cost
Mixed cost
High-Low cost
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Contribution margin is the _______.
difference between net sales revenue and mixed costs
sum of net sales revenue and variable costs
sum of net sales revenue and fixed costs
difference between net sales revenue and variable costs
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the contribution margin ratio using the following information.
Net sales revenue $165,000
Fixed cost $25,000
Variable cost $55,000
Selling and distribution overhead $15,000
Cost of goods sold $115,000
39%
42%
67%
52%
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A manufacturer of pens, sells each unit for $85. The company incurs variable costs of $55 per unit. The total fixed manufacturing costs are $500. The target profit of the company is $1,600. Calculate the number of units that must be sold to earn the target profit.
79 units
70 units
62 units
53 units
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Contribution per unit is $41. Calculate the required sales in units to break-even using the contribution margin approach.
Net sales revenue $655,000
Mixed cost $75,000
Fixed cost $205,000
Selling & distribution overhead $22,000
Cost of goods sold $197,000
2,500 units
3,000 units
5,000 units
4,463 units
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
At the break-even point _________.
total revenues exceed total costs
total revenues equal total costs
total revenues exceed fixed costs
total revenues equal fixed costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in sales price will result in a(n) _____.
increase in fixed cost
decrease in contribution margin
increase in variable cost
decrease in the break-even point
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
Pandemic- Failure of Governance and Challenges SIP Day 7
Quiz
•
University
10 questions
Akta Keselamatan & Kesihatan 1994
Quiz
•
University
10 questions
E-COMMERCE: MODERN PROBLEMS NEEDS MODERN SOLUTIONS
Quiz
•
University
13 questions
Module 1: Money Management
Quiz
•
9th Grade - University
10 questions
Manage Finances - Element 1 Allocate Budget Resources
Quiz
•
University
10 questions
Bauran Pemasaran (Marketing Mix)
Quiz
•
7th Grade - University
12 questions
METABOLISMO LIPOPROTEINAS
Quiz
•
University
10 questions
computerized accounting quiz 3
Quiz
•
University
Popular Resources on Wayground
8 questions
2 Step Word Problems
Quiz
•
KG - University
20 questions
Comparing Fractions
Quiz
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
22 questions
fractions
Quiz
•
3rd Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
Discover more resources for Life Skills
8 questions
2 Step Word Problems
Quiz
•
KG - University
7 questions
Comparing Fractions
Interactive video
•
1st Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
10 questions
14.2 Independent/Dependent Variables
Quiz
•
KG - University
18 questions
Great Lakes States
Quiz
•
KG - University
7 questions
DNA, Chromosomes, Genes, and Traits: An Intro to Heredity
Interactive video
•
11th Grade - University
7 questions
Reflexive Verbs in Spanish
Lesson
•
9th Grade - University
7 questions
Narrative Writing 1
Interactive video
•
4th Grade - University
