Accounting MCQs

1590 MCQs  (Page 92 of 159)

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Competitiveness can be best measured by ___________?
A. Gross margin
B. Income margin
C. Sales margin
D. Cost margin
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If the fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be ____________?
A. 45 units
B. 30 units
C. 20 units
D. 52 units
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If the fixed cost is $15000 and the breakeven revenue is $45000 then the contribution margin will be ___________?
A. 33.34%
B. 43.34%
C. 23%
D. 25%
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The fixed cost is $25000 and the breakeven revenue is $95000, then the contribution margin will be _________?
A. $32
B. $30
C. $25
D. $26.31
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The gross margin is divided by revenues to calculate the __________?
A. Income margin percentage
B. Gross margin percentage
C. Cost margin percentage
D. Sales margin percentage
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The gross margin is added into cost of sold goods to calculate the __________?
A. Revenues
B. Operating leverage
C. Contribution margin
D. Operating margin
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The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?
A. Margin of safety
B. Margin of profit
C. Margin of loss
D. Margin of income
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If the total units of product A, B and C are as 200,300 and 400 respectively then the sales mix would be __________?
A. 100 units
B. 900 units
C. 400 units
D. 500 units
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If the budgeted revenue is $20000 and the breakeven revenue is $15000, then the margin of safety will be __________?
A. $35,000
B. $13,000
C. $5,000
D. $10,000
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If an actual price of material is $700 and the budgeted price is $900, then the ___________?
A. Cost variance is favorable
B. Cost variance is unfavorable
C. Price variance is favorable
D. Price variance is unfavorable
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Word of the Day
18 Jul
Proactive
(of a person or action) creating or controlling a situation rather than just responding to it after it has happened.
فعال، پیش قدمی کے ذریعے صورتحال پر قابو پانیوالا

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