Management Accounting – Set 4 January 29, 2025 by aasi Home › Management › Management Accounting Management Accounting Management Accounting – Set 4 📝 Model Practice Set ⚡ Instant Answers & Explanation 🎯 Exam Oriented 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950 Management Accounting – Set 4 Dear ! This is Management Accounting – Set 4 Quiz and it contains 50 questions. Keep Learning! 1 / 50 1) Contribution per unit is $1200 and number of units sold is $80, then contribution margin would be $9,650 $96,000 $15 $9,600 2 / 50 2) If selling price is $5000, contribution margin per unit is $1000, then contribution margin percentage will be 12.00% 20.00% 5.00% 15.00% 3 / 50 3) If after-tax operating income is $185000, weighted average cost of capital is 11%, total assets are $485000 and total liabilities are $367000, then economic value added would be $142,020 $172,020 $162,020 $152,020 4 / 50 4) If contribution per unit is $900 and number of units sold is $70, then contribution margin will be $97,000 $83,000 $63,000 $12,860 5 / 50 5) Rupee amount for required return of investment is subtracted from income to calculate net income after tax income residual income operating income 6 / 50 6) Difference between variable cost per unit and selling price can be classified as contribution margin per unit variable margin per unit selling margin per unit sale per unit 7 / 50 7) If contribution margin per unit is $500 and contribution margin percentage is 25%, then selling price will be $2,000 $5,250 $4,280 $3,860 8 / 50 8) Formal information systems, used in organizations to focus company’s learning and attention given to most important strategic issues are known as interactive control system belief systems boundary systems diagnostic control systems 9 / 50 9) Total available assets are subtracted from idle assets to calculate market equity total assets employed total assets available stockholders' equity 10 / 50 10) If fixed cost is $50000 and contribution margin percentage is 20%, then breakeven revenue will be $100,000 $150,000 $250,000 $225,000 11 / 50 11) If revenue is $15000, total variable cost is $5000 and fixed cost $2000 then operating income will be $4,000 $8,000 $5,000 $3,000 12 / 50 12) If break-even number of units are 120 units and fixed cost is $62000, then contribution margin per unit will be $74,400 $7,440,000 $516.67 $51,667 13 / 50 13) Selling price is multiplied to quantity of sold units to calculate revenues sold quantity sold price bulk price 14 / 50 14) If contribution margin per unit is $800 and selling price is $20000, then contribution margin percentage will be 17.00% 14.00% 4.00% 25.00% 15 / 50 15) If contribution margin is $13000, total variable cost is $7000 then total revenue will be $6,000 -$6000 $20,000 -$20000 16 / 50 16) Fixed cost is divided to contribution margin to calculate breakeven revenue total revenue fixed revenue variable revenue 17 / 50 17) Contribution margin per unit is divided by selling price of product to calculate selling margin percentage cost margin percentage discount percentage contribution margin percentage 18 / 50 18) Contribution margin per unit is multiplied to number of units sold to calculate revenue margin variable margin contribution margin divisor margin 19 / 50 19) If selling price is $2000 and contribution margin per unit is $800, then contribution margin percentage would be $14,000 $25,700 $16,000 $25,000 20 / 50 20) If contribution margin percentage is 30%, selling price is $5000, then contribution margin per unit will be $900 $1,200 $1,500 $1,600 21 / 50 21) Variable cost per unit is multiplied to quantity of sold units to calculate per unit cost variable cost fixed cost multiple cost 22 / 50 22) If fixed cost is $40000 and contribution margin per unit is $800 per unit, then breakeven of units will be 60 units 30 units 50 units 70 units 23 / 50 23) In manufacturing companies, revenue and cost drivers are categorized under variable costs costs of goods sold number of units sold all of these 24 / 50 24) If total revenue is $9000, total variable cost is $2000, then contribution margin will be $11,000 -$7000 $4,500 $7,000 25 / 50 25) If contribution margin per unit is $1000 and contribution margin percentage is 25%, then selling price would be $2,500 $4,000 $3,800 $3,800 26 / 50 26) Contribution margin per unit is $500 per unit and breakeven per unit is $35, then fixed cost would be $13,500 $14,280 $18,500 $17,500 27 / 50 27) In a relevant range, variable cost per unit, selling price and total fixed costs are unknown and variable known and variable unknown and constant known and constant 28 / 50 28) If contribution margin is $15000 and units sold are 500 units, then contribution margin per unit would be $20 per unit $30 per unit $50 per unit $40 per unit 29 / 50 29) Gross margin is added to cost of sold goods to calculate revenues selling price unit price bundle price 30 / 50 30) If total revenue is $10000 and total variable cost is $4000, then contribution margin would be $25,000 $14,000 $6,000 $8,400 31 / 50 31) Contribution margin per unit is divided by selling price to calculate fixed margin percentage contribution margin percentage variable margin percentage breakeven margin percentage 32 / 50 32) Measures that analyze performance of a company, such as residual income, economic value added and customer satisfaction are collectively called interactive control systems belief systems boundary systems diagnostic control systems 33 / 50 33) Variable cost is subtracted from fixed costs to calculate unit income fixed income operating income marginal income 34 / 50 34) If cost of goods sold is $8000, gross margin is $5000 then revenue will be $13,000 -$13000 $3,000 -$3000 35 / 50 35) If contribution margin per unit is $700 per unit and break-even per unit is $40, then fixed cost would be $35,000 $28,000 $17,500 $82,000 36 / 50 36) Competitiveness can be best measured by Gross margin income margin sales margin cost margin 37 / 50 37) To calculate what, fixed cost is divided into contribution margin per unit? fixed output variable output breakeven number of units total number of units 38 / 50 38) If contribution margin percentage is 20% and selling price is $4000, then contribution margin per unit will be $200 $400 $600 $800 39 / 50 39) Contribution margin per unit is divided by contribution margin percentage to calculate percentage price margin price contribute price selling price 40 / 50 40) Return on sales is multiplied to investment turnover to calculate residual income return on investment return on sales investment turnover 41 / 50 41) If fixed cost is $30000 and contribution margin per unit is $600 per unit, then breakeven in units will be 50 units 60 units 70 units 65 units 42 / 50 42) If variable cost per unit is $25 and quantity of units sold is 5000, then total variable cost would be $155,000 $125,000 $135,000 $145,000 43 / 50 43) If contribution margin per unit is $40 per unit and selling price is $200, then contribution margin percentage would be 20.00% 10.00% 22.00% 16.00% 44 / 50 44) If selling price is $20 and number of units sold are 800, then revenue is equal to $16,000 $40,000 $25,000 $35,700 45 / 50 45) If variable cost is $50000 and fixed cost is $30000, then operating income would be $80,000 $160,000 $16,000 $20,000 46 / 50 46) Quantity of manufactured goods are sold at which total cost equal, is known as breakeven point cost point revenue point quantity point 47 / 50 47) If fixed cost is $30000, contribution margin percentage is 40%, then breakeven revenue will be $120,000 $75,000 $12,000 $175,000 48 / 50 48) Total revenues is subtracted from total variable costs to calculate revenue margin variable margin contribution margin divisor margin 49 / 50 49) At break-even point, an operating income must equal to $3,000 $2,000 $1,000 zero 50 / 50 50) In process of examining, occurred changes in total revenues, operating income and costs is known as revenue analysis costs analysis operating income analysis cost volume profit analysis Your score isThe average score is 0%🎉 Challenge alert! 💡 Share this quiz with your friends and see who scores the highest! 🏆🤩🔥 LinkedIn Facebook Follow Us @ 0% Restart quiz Exit We’d love to hear your thoughts! 📝 Share your valuable review with us. 🙌 🌟 Thank you for your support! 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