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Question 1 Your answer is correct

Accounting

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Question 1

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Which of the following is not a fixed cost?

Question 2

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Cost behavior analysis applies to

Question 3

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If the activity level increases 10%, total variable costs will

Question 4

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A company sells a product which has a unit sales price of $5, unit variable cost of $4 and total fixed costs of $340000. The number of units the company must sell to break even is

Question 5

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A company has a unit contribution margin of $190 and a contribution margin ratio of 40%. What is the unit selling price?

Question 6

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The margin of safety ratio

Question 7

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For Marigold Corp., sales is $2000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $500000?

Question 8

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In a CVP income statement, a selling expense is generally

Question 9

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In 2019, Crane Company sold 4400 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $315000. The same selling price, variable expenses, and fixed expenses are expected for 2020. What is Crane’s break-even point in sales dollars for 2020?

Question 10

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A shift from high-margin sales to low-margin sales