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Question: A company has a budgeted direct material cost of $30,000 but incurs $32,000. What is the d..
Question: If the contribution margin per unit is $20 and fixed costs are $40,000, how many units mus..
Question: A company incurs a total cost of $50,000 for producing 5,000 units. What is the average co..
Question: If a company has a budgeted sales revenue of $200,000 and actual sales revenue of $180,000..
Question: What is the total cost if fixed costs are $10,000, variable cost per unit is $5, and 1,000..
Question: Which of the following costs is considered a sunk cost?Options: Future marketing expensesP..
Question: What is the break-even point in sales dollars?Options: Fixed costs divided by contribution..
Question: If a company has a break-even point of 1,000 units and sells each unit for $50, what is th..
Question: Which cost classification includes costs that can be traced directly to a specific product..
Question: In a case study, a company has a budgeted cost of goods sold of $40,000 and actual cost of..
Question: If a company has a marginal cost of $15 per unit and sells each unit for $25, what is the ..
Question: What is the primary purpose of variance analysis?Options: To calculate profitTo compare bu..
Question: In a case study, a company has total sales of $50,000 and total variable costs of $30,000...
Question: Which of the following is NOT a component of the contribution margin?Options: Sales Revenu..
Question: If a company has a budgeted production of 1,000 units and actual production of 1,200 units..
Question: In a case study, a company incurs $10,000 in rent for its factory. This cost is classified..
Question: What type of cost is directly associated with the production of goods?Options: Fixed CostV..
Question: What type of cost is associated with the opportunity lost when choosing one alternative ov..
Question: In cost control, what is the primary focus?Options: Maximizing revenueMinimizing costsEnsu..
Question: Which of the following is NOT a component of a standard cost system?Options: Direct materi..
Question: In budgeting, what is the purpose of a variance report?Options: To forecast future salesTo..
Question: Which of the following is a method of cost control?Options: Standard costingAbsorption cos..
Question: What does CVP analysis primarily help managers understand?Options: The relationship betwee..
Question: Which variance measures the difference between actual costs and standard costs for direct ..
Question: In a flexible budget, what is adjusted based on actual activity levels?Options: Fixed cost..
Question: What is the term for the difference between actual costs and budgeted costs?Options: Cost ..
Question: What is the term for costs that are incurred to support the production process but cannot ..
Question: A company planned to sell 15,000 units at $10 each but sold only 12,000 units. What is the..
Question: If a company has a budgeted contribution margin of $200,000 and an actual contribution mar..
Question: A company has a budgeted variable cost of $3 per unit for 10,000 units. If the actual vari..
