The changes in cost and volume of the output have an effect on the company’s operating and net income. We have already covered what there is on calculation and effect of these changes to the organization. The quiz below is designed to test your understanding of this topic so far. Give it a try!
Contribution margin by sales revenue.
contribution margin by operating income.
Sales revenue by contribution margin.
Operating income by contribution margin.
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Variable costs
Sales revenue
Fixed costs and generating a profit
Period expenses
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A. only variable period costs
only variable inventoriable product costs
All variable costs
All fixed costs
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Projected sales revenue by the contribution margin ratio
Projected sales units by the contribution margin ratio
Projected sales revenue by the unit contribution margin
Projected sales units by the variable cost ratio
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Sales revenue by the contribution margin ratio.
Sales units by the contribution margin ratio.
Sales revenue by the unit contribution margin.
Sales units by the variable cost ratio.
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Gross margin
Unit contribution margin
Net income
Operating income
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Contribution margin by sales revenue.
Contribution margin by operating income.
Sales revenue by contribution margin.
Operating income by contribution margin.
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Fixed expenses plus variable expenses
Sales revenues minus variable expenses
Fixed expenses minus variable expenses
Sales revenues minus fixed expenses
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$0.40
$9.00
$6.00
$2.50
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40%
250%
6%
60%
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$180,000
$108,000
$72,000
None of the above
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(fixed expenses + operating income) / contribution margin ratio.
(fixed expenses + operating income) / contribution margin per unit.
(fixed expenses - operating income) / contribution margin ratio.
(fixed expenses - operating income) / contribution margin per unit.
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(fixed expenses + operating income) / contribution margin ratio.
(fixed expenses + operating income) /contribution margin per unit.
(fixed expenses - operating income) / contribution margin ratio.
(fixed expenses - operating income) / contribution margin per unit.
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Loss; loss
Loss; profit
Profit; profit
Profit; loss
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15,000
300
750
188
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The contribution margin increases and the breakeven point decreases.
The contribution margin decreases and the breakeven point decreases.
The contribution margin increases and the breakeven point increases .
The contribution margin decreases and the breakeven point increases.
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The contribution margin increases and the breakeven point decreases.
The contribution margin decreases and the breakeven point decreases.
The contribution margin increases and the breakeven point increases.
The contribution margin decreases and the breakeven point increases.
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The contribution margin increases and the breakeven point decreases.
The contribution margin decreases and the breakeven point increases.
The contribution margin stays the same and the breakeven point decreases.
The contribution margin stays the same and the breakeven point increases.
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It will increase.
It will decrease.
It will remain the same.
It is impossible to determine with the given information.
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Breakeven point in units increases.
Breakeven point in units decreases.
Breakeven point in units remains the same.
Contribution margin ratio increases.
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Contribution margin increases.
Contribution margin decreases.
Breakeven point in units decreases.
Breakeven point in units increases.
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Breakeven point in units could increase, decrease, or remain the same.
Breakeven point in units increases.
Breakeven point in units decreases.
Breakeven point in units remains unchanged.
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Contribution margin ratio.
Margin of safety ratio.
Break-even sales in dollars.
Break-even sales in units.
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Operating income.
Sales.
Variable costs.
None of the above.
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6,909 units
8,000 units
13,818 units
4,000 units
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$2.00
$0.40
$7.20
$0.50
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In units.
In dollars.
As a percentage of sales.
As any of the above.
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Expected sales – actual sales.
Actual sales – expected sales.
Expected sales – sales at breakeven.
Sales at breakeven – expected sales.
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Contribution margin ratio.
Contribution margin per unit.
Margin of safety percentage.
Percent of sales mix.
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