Accounting Medium The contribution margin is divided to operate income to calculate ______________? A degree of operating leverage ✓ B degree of change ✓ C degree of change in margin ✓ D degree of change in income ✓ AK Ali Khan 4 months ago
Accounting Medium If the margin of safety is $35000 and the budgeted revenue is $80000, then the margin of safety in percentage will be _____________? A 32.75% ✓ B 43.75% ✓ C 53% ✓ D 22% ✓ AK Ali Khan 4 months ago
Accounting Medium If the contribution margin is $3000 and the revenues are $9000, then all the variable costs will be ____________? A $12,000 ✓ B $6,000 ✓ C −$6000 ✓ D −$12000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the breakeven revenue is $220000 and the revenue per bundle is $10000, then the number of bundles to be sold to breakeven will be ___________? A 32 bundle ✓ B 22 bundle ✓ C 42 bundle ✓ D 38 bundle ✓ AK Ali Khan 4 months ago
Accounting Medium If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________? A 4500 units ✓ B 5500 units ✓ C 8500 units ✓ D 9500 units ✓ AK Ali Khan 4 months ago
Accounting Medium If the target net income is $36000 and the tax rate is 40%, then the target operating income will be __________? A $10,000 ✓ B $20,000 ✓ C $40,000 ✓ D $60,000 ✓ AK Ali Khan 4 months ago
Accounting Medium The economic results that are predicted for possible combinations of events are classified as _______? A margin ✓ B distribution ✓ C collection ✓ D outcome ✓ AK Ali Khan 4 months ago
Accounting Medium The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________? A sales revenue variance ✓ B cost profit variance ✓ C profit volume variance ✓ D sales volume variance ✓ AK Ali Khan 4 months ago
Accounting Medium If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be ___________? A $215,000 ✓ B $315,000 ✓ C $415,000 ✓ D $515,000 ✓ AK Ali Khan 4 months ago
Accounting Medium Number of units are multiplied to per unit price, to calculate ____________? A multiple budget variable ✓ B fixed budget variable ✓ C flexible budget variable ✓ D constant budget ✓ AK Ali Khan 4 months ago