Managerial Accounting Quiz

What is the total revenue from clients for the Family segment?

• $400,000

• $600,000

• $1,000,000

• $220,000

What are the variable expenses for the Commercial segment?

• $100,000

• $120,000

• $220,000

• $300,000

What is the contribution margin for the Companywide?

• $300,000

• $480,000

• $780,000

• $1,000,000

What are the traceable fixed expenses for the Family segment?

• $180,000

• $390,000

• $280,000

• $780,000

Compute the companywide break-even point in dollar sales.

• $50,000

• $935,897

• $110,000

• $120,000

Compute the break-even point in dollar sales for the Family Law Segment.

• $333,333

• $278,300

• N/A
• 373,333

Compute the break-even point in dollar sales for the Commercial Law.

• 487,500

• $0
• $500,000

• $10 million

Allocate common fixed costs based on revenues from clients.

• Family segment = $36,000.

  Commercial segment = $24,000

• Family segment = $0.

  Commercial segment = $60,000.

• Family segment = $14,000.

  Commercial segment = $46,000

• Family segment = $24,000.

  Commercial segment = $36,000

Do you think the Family Law should be eliminated?

• Yes

• No