7/17/2019 Ch6 Quiz

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Principles of Managerial Accounting (Acct 2102)

Chapter 6 Take Home Qui

1. The concept of cost-volume-profit analysis is based on classifying costs asa. fixed and variable costs. b. variable product and period costs.c. product controllable and uncontrollable costs.d. both A and B

e. both A and C

2. The contribution margin per unit is calculated as the difference betweena. price and fixed cost per unit. b. price and variable cost per unit.c. price and product cost per unit.d. fixed cost per unit and variable cost per unit.e. fixed cost per unit and product cost per unit.

. The brea!-even point in sales dollars can be calculated by dividinga. fixed expenses by the unit contribution margin. b. variable expenses by the unit contribution margin.c. fixed expenses by the contribution margin ratio.d. variable expenses by the contribution margin ratio.e. selling price by the contribution margin ratio.

Consider the following information when answering the "uestions below.

#elling price per unit $2%Contribution margin $1&

'ixed costs $(%)&&&

(. *efer to the above information. +hat is the number of units that must be sold to brea!even,a. ()%&& b. ()&&&c. )&&&d. 1)&&e. /

%. *efer to the above information. To earn a targeted net profit of $%&)&&& the total dollarvalue of sales must be at leasta. $ )&&&

 b. $ 1&)&&&c. $112)%&&d. $122)%&&e. $2/)%&&

!e"#1. A (. A2. B %. 0. C