Sales - Variable Costs =
ACCT 2170: Chapters 3 & 4

Quiz
•
Business
•
University
•
Easy
Lynn Lupomech
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross Margin
Contribution Margin
Operating Profit
Net Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales = $800,000
Variable Costs = $520,000
Fixed Costs = $120,000
Calculate the contribution margin ratio.
25%
30%
35%
40%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling price = $50
Variable manufacturing cost = $20
Variable selling cost = $5
Fixed manufacturing costs = $125,000
Fixed selling costs = $90,000
Calculate the break-even point in units.
8,600
7,167
5,000
5,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Davis Company's sales are $500,000 with operating profits of $125,000. If the contribution margin ratio is 30%, what did the fixed costs amount to?
$27,500
$28,000
$26,000
$25,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What describes the extent to which an organization's cost structure is made up of fixed costs?
Break-even point
Bottleneck
Operating Leverage
Differential Analysis
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which cost are differential for a special order? Check all that apply.
Direct Materials
Unavoidable Fixed Overhead
Indirect Materials
Variable Overhead
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The practice of setting the selling price below cost with the intent to drive competitors out of business is:
Peak-load Pricing
Target Costing
Target Pricing
Predatory Pricing
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