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Quiz 14
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Q.1
If gross margin is $6000 and total revenue is $26000, then gross margin percentage will be
23.08%
24.08%
25.08%
26.08%
Q.2
If fixed cost is $20000, target operating income is $10000 and contribution margin per unit is $1200 then required units to be sold will be
55 units
45 units
35 units
25 units
Q.3
executive salaries, rent and other general administration cost in corporate costs are classified under
human resource management costs
corporate administration costs
treasury costs
discretionary costs
Q.4
Difference between actual result and corresponding amount of flexible budget, on basis of actual level of output is classified as
sales mix variance
sales volume variance
flexible budget variance
static budget variance
Q.5
If margin of safety is $25000 and budgeted revenue is $45000, then margin of safety in percentage will be
55.56%
25.50%
28.00%
45.00%
Q.6
Fixed cost is $25000 and breakeven revenue is $95000, then contribution margin will be
$32
$30
$25
$26.31
Q.7
If breakeven revenue is $360000 and revenue per bundle is $12000, then number of bundles to be sold to breakeven can be
52 bundles
48 bundles
45 bundles
30 bundles
Q.8
Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as
designed-in costs
locked-in costs
value added cost
non-value added cost
Q.9
If contribution margin is $72000 and operating income is $12000, then degree of operating leverage would be
8
7
6
5
Q.10
Gross margin is divided by revenues to calculate the
income margin percentage
Gross margin percentage
cost margin percentage
sales margin percentage
Q.11
If breakeven revenue is $220000 and revenue per bundle is $10000, then number of bundles to be sold to breakeven will be
32 bundle
22 bundle
42 bundle
38 bundle
Q.12
Gross margin is $7000 and revenues are $16000, then cost of goods sold would be
$23,000
-$23000
-$9000
$9,000
Q.13
If contribution margin is $3000 and revenues are $9000, then all variable costs will be
$12,000
$6,000
-$6000
-$12000
Q.14
Fixed cost, and contribution margin percentage for bundle are divided to calculate
breakeven costs
breakeven revenues
breakeven units
breakeven sales
Q.15
Revenue is $11000 and all variable cost is $6000, then contribution margin would be
-$17000
$17,000
$5,000
-$5000
Q.16
If target net income is $36000 and tax rate is 40%, then target operating income will be
$10,000
$20,000
$40,000
$60,000
Q.17
Set of all occurrences that may happen in near future or in any other fixed time are called
events
distribution
outcome
actions
Q.18
Gross margin is added into cost of sold goods is to calculate the
revenues
operating leverage
contribution margin
operating margin
Q.19
If sales quantity is 7000 units and breakeven quantity is 1500 units, then margin of safety would be
4500 units
5500 units
8500 units
9500 units
Q.20
If target net income is $9600 and tax rate is 40%, then target operating income would be
$10,000
$12,000
$16,000
$14,000
Q.21
If budgeted revenue is $50000 and breakeven revenue is $35000, then margin of safety would be
$12,000
$14,000
$15,000
$16,000
Q.22
In monetary terms, an expected value of outcome is classified as
expected value
expected decision value
expected outcome value
expected monetary value
Q.23
All choices for decision that are easily available to managers are classified as
outcome
actions
events
distribution
Q.24
If contribution margin of bundle is $4000 and revenue of bundle is $16000, then contribution margin percentage for bundle will be
10.00%
15.00%
25.00%
35.00%
Q.25
Quantity or number of units of different products that together make up total sales of company is called
sales mix
product mix
unit mix
quantity mix
Q.26
If gross margin is $9000 and cost of goods sold is $8000 then revenue will be
$1,000
-$1000
$17,000
-$17000
Q.27
Economic results that are predicted for possible combinations of events are classified as
margin
distribution
collection
outcome
Q.28
Amount of money by which total revenues exceed breakeven revenues is classified as
margin of safety
margin of profit
margin of loss
margin of income
Q.29
In accounting, possibility of deviation of actual amount from an expected amount is classified as
contribution
certainty
uncertainty
margin
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