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Cost Ch. 4

Authored by Melissa Mattox

Business

University

Used 3+ times

Cost Ch. 4
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contribution margin =

Revenue -

Cost of Goods Sold

Variable Costs

Variable Costs - Fixed Costs

SG&A

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenues - Variable Costs - Fixed Costs = Operating Income

To find Breakeven point, which variable in the above is replaced with zero?

Revenues

Variable Costs

Fixed Costs

Operating Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Margin of Safety (in units) is

Total units sold - Breakeven units

the Contribution margin

Breakeven units/Contribution Margin ratio

the Relevant Range

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following provides the number of cents of every dollar sold available to pay fixed costs?

Margin of Safety

Contribution margin ratio

Gross margin per unit

Cost-Volume-Profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Target after-tax profit is all of the following EXCEPT

Operating income * tax rate

Operating income - income taxes

Operating income - (Operating income * tax rate)

Operating income *

(1 - tax rate)

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