ACC 212 - Chapter 18 review for EXAM III
Authored by NIYAH White
Mathematics
University
CCSS covered
Used 3+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how to calculate Contribution Margin?
variable costs / Sales price = Contribution Margin
Sales price - variable costs = Contribution Margin
Sales price + variable costs = Contribution Margin
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How to calculate Contribution Margin Ratio?
Contribution Margin per Unit - Sales price per Unit = Contribution Ratio
Contribution Margin per Unit * Sales price per Unit = Contribution Ratio
Contribution Margin / Sales price = Contribution Ratio
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how to calculate Break-Even in Units?
Total Fixed cost / Contribution Margin
Total Fixed Cost / Contribution Margin Ratio
Contribution Margin per Unit / Sales price per Unit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate Break-Even in Dollars?
Total Fixed cost / Contribution Margin
(Total Fixed Costs + Target Profit) / Contribution Margin
Total Fixed Cost / Contribution Margin Ratio
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how to calculate Target Profits in Units?
(Total Fixed Cost + Target Profit) / Contribution Margin Ratio
(Total Fixed Costs + Target Profit) / Contribution Margin
Total Fixed Cost / Contribution Margin Ratio
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
how to calculate Target Profits in Dollars?
(Total Fixed Cost + Target Profit) / Contribution Margin Ratio
(Total Fixed Costs + Target Profit) / Contribution Margin
Total Fixed cost / Contribution Margin
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Sales Price $450.00 per unit
Target Profit $12,000.00
Copper $35.00 per unit
Metal $26.00 per unit
Plastic $14.00 per unit
Factory Rent $4,500.00 per month
Factory Insurance $1,250.00 per month
What is the Contribution Margin?
(a)
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