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Question: A product has a selling price of $80 and a variable cost of $50. What is the margin of saf..
Question: If a company has total costs of $200,000 and sells 4,000 units, what is the average cost p..
Question: A company has fixed costs of $30,000 and a contribution margin of $15 per unit. How many u..
Question: If the actual cost of production is $120,000 and the budgeted cost is $100,000, what is th..
Question: A company has a budgeted sales volume of 5,000 units at a selling price of $50 per unit. W..
Question: If a product sells for $100 and has a variable cost of $60, what is the contribution margi..
Question: A company has fixed costs of $50,000 and variable costs of $20 per unit. If they sell 3,00..
Question: What is the primary benefit of using activity-based costing (ABC)?Options: It simplifies t..
Question: Which of the following is a limitation of traditional costing systems?Options: They provid..
Question: In marginal costing, which of the following costs is included in product costs?Options: Fi..
Question: Which of the following costs would be classified as a direct cost?Options: Factory rentDir..
Question: What is the contribution margin in CVP analysis?Options: Sales revenue minus fixed costsSa..
Question: In a flexible budget, how are variable costs treated?Options: They remain constant regardl..
Question: Which term describes costs that can be directly traced to a specific product?Options: Indi..
Question: What is the break-even point in units?Options: Total fixed costs divided by contribution m..
Question: What is the primary objective of cost control?Options: Maximizing revenueMinimizing costsE..
Question: In cost-volume-profit (CVP) analysis, what does the contribution margin represent?Options:..
Question: In budgeting, what does a \'flexible budget\' allow for?Options: Adjusting for actual acti..
Question: Which of the following is a variable cost?Options: Rent of factory buildingSalaries of per..
Question: In a case study, a company has a contribution margin of $40 per unit and fixed costs of $2..
Question: Which of the following is NOT a component of cost control?Options: BudgetingVariance Analy..
Question: In a case study, a company has total fixed costs of $100,000 and sells its product for $25..
Question: If a company has a standard cost of $5 per unit and the actual cost is $6 per unit, what t..
Question: In a case study, a company sells a product for $50, with variable costs of $30 and fixed c..
Question: Which costing method includes both fixed and variable costs in product costing?Options: Ab..
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. How should this cost be..
Question: What type of cost is directly associated with the production of a specific product?Options..
Question: Which of the following is a characteristic of fixed costs?Options: They vary with producti..
Question: What is the primary focus of cost-volume-profit (CVP) analysis?Options: To analyze the imp..
