Management Costing
Authored by Natasha Pearce
Mathematics
University
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14 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the formula to calculate breakeven in terms of units?
Sales revenue ÷ fixed costs
Fixed costs ÷ contribution per unit
Sales revenue ÷ variable costs
Fixed costs ÷ sales revenue
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate breakeven in terms of sales revenue?
Breakeven in units x selling price
Variable costs x selling price
Fixed costs x selling price
Breakeven in units x fixed costs
3.
FILL IN THE BLANK QUESTION
1 min • 3 pts
What is missing from this formula?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate contribution?
Sales revenue - fixed costs
Sales revenue
- variable costs - fixed costs
Sales revenue
- variable costs
Sales revenue
+ variable costs
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate margin of safety in units?
Breakeven units x selling price
Current output – breakeven units
Breakeven units - fixed costs
Current output - fixed costs
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate margin of safety in revenue?
Sales revenue - variable costs
MoS in units x breakeven in units
Selling price x fixed costs
MoS in units x selling price
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do you calculate maximum order quantity?
Maximum inventory level - inventory buffer
Maximum inventory level + inventory buffer
Re-order level + inventory buffer
Re-order level - inventory buffer
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