ACC/560 ACC560 ACC 560 WEEK 5 QUIZ

ACC 560 WEEK 5 QUIZ

Week 5 Quiz

  • Question 1
   
 

In a CVP income statement, cost of goods sold is generally

     
   
   
     
  • Question 2
 

The contribution margin ratio is

     
   
   
     
  • Question 3
   
 

Margin of safety in dollars is

     
   
   
     
  • Question 4
   
 

Sales mix is

     
   
   
     
  • Question 5
 

A company with a higher contribution margin ratio is

     
   
   
     
  • Question 6
   
 

The equation which reflects a CVP income statement is

     
   
   
     
  • Question 7
   
 

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

     
   
   
     
  • Question 8
   
 

Weatherspoon Company has a product with a selling price per unit of $200, the unit variable cost is $110, and the total monthly fixed costs are $300,000. How much is Weatherspoon’s contribution margin ratio?

     
   
   
     
  • Question 9
   
 

To which function of management is CVP analysis most applicable?

     
   
   
     
  • Question 10
   
 

Gall Manufacturing sells a product for $50 per unit. The fixed costs are $840,000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $200,000 and variable costs will be 50% of the selling price. The new break-even point in units is:

     
   
   
     

 

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