Cost Classification and Terminology - Numerical Applications
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Q. A company has a budgeted sales volume of 5,000 units at a selling price of $50 per unit. What is the total budgeted revenue?
Q. A company has fixed costs of $30,000 and a contribution margin of $15 per unit. How many units must be sold to break even?
Q. A company has fixed costs of $50,000 and variable costs of $20 per unit. If they sell 3,000 units, what is the total cost?
Q. A company incurs $10,000 in fixed costs and has a contribution margin of $25 per unit. How many units must be sold to achieve a target profit of $15,000?
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. 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 total revenue of $500,000 and total variable costs of $300,000, what is the total contribution margin?
Q. If a company has total costs of $200,000 and sells 4,000 units, what is the average cost per unit?
Q. If a product sells for $100 and has a variable cost of $60, what is the contribution margin per unit?
Q. If the actual cost of production is $120,000 and the budgeted cost is $100,000, what is the cost variance?
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