Cost & Management Accounting
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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. If a product sells for $100 and has a variable cost of $60, what is the contribution margin per unit?
Q. If a product sells for $100 and has variable costs of $60, what is the contribution margin?
Q. If fixed costs are $50,000 and the contribution margin per unit is $25, how many units must be sold to break even?
Q. If the actual cost of production is $120,000 and the budgeted cost is $100,000, what is the cost variance?
Q. If the budgeted cost for direct materials is $50,000 and the actual cost is $55,000, what is the direct materials price variance?
Q. If the budgeted fixed costs are $50,000 and the actual fixed costs are $55,000, what is the fixed cost variance?
Q. If the budgeted fixed overhead is $200,000 and the actual fixed overhead is $210,000, what is the fixed overhead variance?
Q. If the budgeted overhead is $200,000 and the actual overhead is $180,000, what is the overhead variance?
Q. If the budgeted overhead is $200,000 and the actual overhead is $220,000, what is the overhead variance?
Q. If the contribution margin per unit is $20 and fixed costs are $40,000, how many units must be sold to break even?
Q. If the contribution margin per unit is $40 and fixed costs are $20,000, how many units need to be sold to achieve a target profit of $10,000?
Q. If the fixed costs are $12,000 and the variable cost per unit is $20, how many units must be sold to achieve a target profit of $8,000 if the selling price is $50?
Q. If the marginal cost of producing an additional unit is $10 and the selling price is $15, what is the profit from selling that unit?
Q. If the selling price is $250 and the variable cost is $150, what is the contribution margin ratio?
Q. If the selling price is $300 and the variable cost is $180, what is the contribution margin per unit?
Q. If the selling price per unit is $10 and the marginal cost per unit is $6, what is the contribution margin per unit?
Q. If the selling price per unit is $100 and the variable cost per unit is $60, what is the margin of safety in dollars if the break-even sales are $40,000?
Q. If the selling price per unit is $15 and the variable cost per unit is $5, what is the contribution margin per unit?
Q. If the total fixed costs are $12,000 and the contribution margin ratio is 40%, what is the sales revenue needed to break even?
Q. If the total variable costs for producing 2,000 units are $24,000, what is the variable cost per unit?
Q. In a case study, a company has a budgeted cost of goods sold of $40,000 and actual cost of goods sold of $45,000. What is the cost variance?
Q. In a case study, a company has a contribution margin of $40 per unit and fixed costs of $200,000. How many units must be sold to achieve a target profit of $100,000?
Q. In a case study, a company has total fixed costs of $100,000 and sells its product for $25. If the variable cost per unit is $15, how many units must be sold to break even?
Q. In a case study, a company has total sales of $50,000 and total variable costs of $30,000. What is the contribution margin?
Q. In a case study, a company incurs $10,000 in rent for its factory. How should this cost be classified?
Q. In a case study, a company incurs $10,000 in rent for its factory. This cost is classified as:
Q. In a case study, a company sells a product for $50, with variable costs of $30 and fixed costs of $10, what is the contribution margin?
Q. In a CVP analysis, which of the following factors is NOT considered?
Q. In a flexible budget, costs are adjusted based on what factor?
Q. In a flexible budget, costs are adjusted based on which of the following?
