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Category > Accounting Posted 14 May 2017 My Price 3.00

Contribution margin

8.  Contribution margin:

(a)   is revenue remaining after deducting variable costs.

(b)   may be expressed as contribution margin per unit.

(c)   is selling price less cost of goods sold.

(d)   Both (a) and (b) above.

9.  Cournot Company sells 100,000 wrenches for $12 a unit. Fixed costs are $300,000, and net income is

$200,000. What should be reported as variable expenses in the CVP income statement?

(a)  $700,000.

 

(b)

$900,000.

(c)

$500,000.

(d)

$1,000,000.

10. Gossen Company is planning to sell 200,000 pliers for $4 per unit. The contribution margin ratio is 25%. If Gossen will break even at this level of sales, what are the fixed costs?

 

(a)

$100,000.

(b)

$160,000.

(c)

$200,000.

(d)

$300,000.

 

 

 

 

 

 

 

11. Brownstone Company’s contribution margin ratio is 30%. If Brownstone’s sales revenue is $100 greater than its break-even sales in dollars, its net income:

(a)   will be $100.

(b)   will be $70.

(c)   will be $30.

 

(d)   cannot be determined without knowing fixed costs.

Answers

Alpha Geek
(8)
Status NEW Posted 14 May 2017 12:05 PM My Price 3.00

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file 1494765126-Answer.docx preview (194 words )
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