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Accounting 4

Authored by Mattias Wärn

Business

University

Used 8+ times

Accounting 4
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for sales price per unit minus variable cost per unit?

Contribution

Operating profit

Net profit

Marginal revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do total variable costs typically respond to changes in production levels during periods of price inflation?

They remain constant regardless of production levels

They increase as production levels rise

They decrease as production levels rise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for contribution margin?

Sales price per unit minus fixed cost per unit

Sales price per unit minus variable cost per unit

Total revenue minus total variable cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a variable cost?

Direct labor

Raw materials

Spotify subscription

Electricity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to contribution margin when sales price per unit increases?

Increases

Decreases

Remains the same

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Sales price per unit is 10 and variable cost per unit is 7, what is Contribution margin?

5

4

3

2

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Sales price/unit is 100 and variable cost is 75/unit. Given Fixed costs of 200, what is Break Even i units?

10

9

8

7

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