Quiz
Management Accounting 2020
Questions in this quiz (5)
1Blue Corp shows monthly fixed costs of £1,797 and per unit cost of £9.28 while selling 411 units in a single month. What is the minimum price Blue Corp must sell each unit to break-even?
- A£13.65
- B£13
- C£15
- D£15.65
2A start up company spends £1,100 on their rent monthly. As well as £265 on utilities, £12.65 per unit of materials and assembly and £625 on labour. If their product sells for £29.99 per unit, how many units must they sell to break even?
- A109
- B111
- C113
- D115
3Sam sells a product for £24.75 and fills orders averaging 37 units a day. His cost to produce and assemble each item is £3.11. If Sam is open for business five days a week, what is his contribution margin per unit?
- A£20.64
- B£21.64
- C£22.64
- D£23.64
4The margin of safety is
- AThe excess of actual sales revenue over actual variable expenses.
- BThe excess of actual sales revenue over actual fixed expenses.
- CThe excess of actual sales revenue over break even sales revenue.
- DThe excess of actual sales revenue over total contribution margin.
5To lower a company's break even point, managers should...
- AIncrease the sales price of the product.
- BDecrease fixed expenses.
- CDecrease variable expenses.
- DTake any or all of these actions.
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- Quiz on Management Accounting 2020, created by Jevgenija Zukova on 22/01/2020.
- Author
- Jevgenija Zukova
- Language
- English
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