Cost & Management Accounting
Download Q&A
Budgeting and Variance Analysis
Budgeting and Variance Analysis - Advanced Concepts
Budgeting and Variance Analysis - Applications
Budgeting and Variance Analysis - Case Studies
Budgeting and Variance Analysis - Competitive Exam Level
Budgeting and Variance Analysis - Higher Difficulty Problems
Budgeting and Variance Analysis - Numerical Applications
Budgeting and Variance Analysis - Problem Set
Budgeting and Variance Analysis - Real World Applications
Cost Classification and Terminology
Cost Classification and Terminology - Advanced Concepts
Cost Classification and Terminology - Applications
Cost Classification and Terminology - Case Studies
Cost Classification and Terminology - Competitive Exam Level
Cost Classification and Terminology - Higher Difficulty Problems
Cost Classification and Terminology - Numerical Applications
Cost Classification and Terminology - Problem Set
Cost Classification and Terminology - Real World Applications
Marginal Costing Basics
Marginal Costing Basics - Advanced Concepts
Marginal Costing Basics - Applications
Marginal Costing Basics - Case Studies
Marginal Costing Basics - Competitive Exam Level
Marginal Costing Basics - Higher Difficulty Problems
Marginal Costing Basics - Numerical Applications
Marginal Costing Basics - Problem Set
Marginal Costing Basics - Real World Applications
Q. A company incurs a total cost of $50,000 for producing 5,000 units. What is the average cost per unit?
Q. A company planned to produce 10,000 units at a cost of $5 per unit. If the actual cost was $6 per unit, what is the total cost variance?
Q. A company planned to sell 15,000 units at $10 each but sold only 12,000 units. What is the sales volume variance?
Q. A company produces 1,000 units of a product at a total cost of $10,000. If the fixed costs are $4,000, what is the marginal cost per unit?
Q. A company produces 1,000 units of a product at a total variable cost of $5,000. What is the marginal cost per unit?
Q. A company produces 1,000 units of a product at a variable cost of $5 per unit. What is the total variable cost?
Q. A company produces 10,000 units of a product at a total cost of $50,000. If the fixed costs are $20,000, what is the marginal cost per unit?
Q. A company produces 200 units with a total fixed cost of $10,000 and a variable cost of $15 per unit. What is the total cost?
Q. A company produces a product with a variable cost of $25 and a selling price of $50. If the company wants to achieve a profit of $15,000 with fixed costs of $30,000, how many units must be sold?
Q. A company sells a product for $50 per unit. If the variable cost per unit is $30, what is the contribution margin per unit?
Q. A product has a marginal cost of $8 and a selling price of $12. What is the contribution margin ratio?
Q. A product has a selling price of $20, variable cost of $12, and fixed costs of $3,000. What is the contribution margin per unit?
Q. A product has a selling price of $25 and variable costs of $15. If fixed costs are $10,000, what is the margin of safety if 1,200 units are sold?
Q. A product has a selling price of $50 and variable costs of $30. If fixed costs are $100,000, what is the break-even sales revenue?
Q. A product has a selling price of $50, variable costs of $30, and fixed costs of $40,000. What is the margin of safety if the break-even sales are $100,000?
Q. A product has a selling price of $80 and a variable cost of $50. What is the margin of safety if the break-even sales are $200,000?
Q. A product has a selling price of $80 and variable costs of $50. What is the contribution margin ratio?
Q. A product sells for $150 and has variable costs of $90. What is the contribution margin ratio?
Q. A product sells for $50 per unit and has a variable cost of $30 per unit. What is the contribution margin per unit?
Q. If a company budgeted $200,000 for direct materials but actually spent $220,000, what is the direct materials variance?
Q. If a company expects to sell 1,000 units at a selling price of $250 each and has variable costs of $150 per unit, what is the total contribution?
Q. If a company has a break-even point of 1,000 units and sells each unit for $50, what is the total revenue at the break-even point?
Q. If a company has a budgeted contribution margin of $200,000 and an actual contribution margin of $180,000, what is the contribution margin variance?
Q. If a company has a budgeted cost of $100,000 and an actual cost of $90,000, what is the cost variance?
Q. If a company has a budgeted overhead of $100,000 and actual overhead of $120,000, what is the overhead variance?
Q. If a company has a budgeted overhead of $60,000 and actual overhead of $70,000, what is the overhead variance?
Q. If a company has a budgeted production cost of $150,000 and actual production cost of $160,000, what is the cost variance?
Q. If a company has a budgeted production cost of $150,000 and actual production cost of $180,000, what is the cost variance?
Q. If a company has a budgeted production of 1,000 units and actual production of 1,200 units, what type of variance is this?
Q. If a company has a budgeted production of 1,000 units and actual production of 1,200 units, what is the variance in fixed overhead costs if the budgeted fixed overhead is $5,000?
