Accounting Medium If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be _____________? A 23.08% ✓ B 24.08% ✓ C 25.08% ✓ D 26.08% ✓ AK Ali Khan 4 months ago
Accounting Medium If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________? A 10% ✓ B 15% ✓ C 25% ✓ D 35% ✓ AK Ali Khan 4 months ago
Accounting Medium In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________? A sales margin ✓ B cost margin ✓ C Gross margin ✓ D income margin ✓ AK Ali Khan 4 months ago
Accounting Medium The quantity or number of units of different products that together make up total sales of the company is called _____________? A sales mix ✓ B product mix ✓ C unit mix ✓ D quantity mix ✓ AK Ali Khan 4 months ago
Accounting Medium In monetary terms, an expected value of the outcome is classified as __________? A expected value ✓ B expected decision value ✓ C expected outcome value ✓ D expected monetary value ✓ AK Ali Khan 4 months ago
Accounting Medium In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________? A contribution ✓ B certainty ✓ C uncertainty ✓ D margin ✓ AK Ali Khan 4 months ago
Accounting Medium The gross margin is $7000 and the revenues are $16000, then the cost of goods sold would be __________? A $23,000 ✓ B −$23000 ✓ C −$9000 ✓ D $9,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the target net income is $9600 and the tax rate is 40%, then the target operating income would be ___________? A $10,000 ✓ B $12,000 ✓ C $16,000 ✓ D $14,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed cost is $20000, the target operating income is $10000 and the contribution margin per unit is $1200 then required units to be sold will be __________? A 55 units ✓ B 45 units ✓ C 35 units ✓ D 25 units ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted revenue is $50000 and the breakeven revenue is $35000, then the margin of safety would be ____________? A $12,000 ✓ B $14,000 ✓ C $15,000 ✓ D $16,000 ✓ AK Ali Khan 4 months ago