1. Quick ratio is __the sum of account receivables, cash over current liabilites__

2. For a manufacturing company has total monthly fixed costs $100,000, variable costs per unit $10, selling price per unit $15., income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, **break-even point in units** is:__$20,000__

3. Contribution margin is the same as gross margin for generally accepted accounting principles GAAP. __This is not correct__

4. The contribution margin of a company during a specific month is total sales less __total variable__ __costs__

5. For a manufacturing company has total monthly fixed costs of $100,000, variable costs per unit $10, selling price per unit $15., income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, if **sales in units (quantities)** increase, **variable cost** per unit ** remain the same **6%** Giving the following data for XY Company

Year 2008 2009

Total sales $145,000 $121,400

Cost of goods sold $880,000 $738,400

Selling & administrative expenses $92,500 $80,700

Assume high low method is adequate in this case, the **variable costs of cost of goods sold** per unit is __60%__

- Current ratio is
__current assets divided by current liabilities.__ - For a manufacturing company has total monthly fixed costs of $100,000, variable costs per unit $10, income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, if sales in units (quantities) increase,
**total variable**costs in dollarsGiving the following data for XY Company +__will increase by amt of variable cost__

Year 2008 2009

Total sales $145,000 $121,400

Cost of goods sold $880,000 $738,400

Selling & administrative expenses $92,500 $80,700

Assume high low method is adequate in this case, the **total fixed costs** of selling and administrative expenses is __$20,000__

- For ABC Company, you have given the following costs for the last year. Fixed costs = $40,000 Variable costs = 60% of total costs, find total costs.
__$100,000__ - For a manufacturing company has total monthly fixed costs of $100,000, variable costs per unit $10, selling price per unit $15., income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, the
**quantities need to reach net income is**__$12,500__ - You are to decide between product A and B. The following data pertains to these products: Selling price $12 $10 ****
__PRODUCT A__ - For a manufacturing company has total monthly fixed costs of $100,000, variable costs per unit $10, selling price per unit $15., income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, the
**total sales needed to**reach net income is__$337,500__ - For ABC Company, you are given: Last year net income = $80,000, income tax rate was 20%, find income before tax..
__$100,000__ - Measurements of non-avoidable fixed costs are related to
__a non-discretionary issues__ - The gross margin of a company during a specific month is total sales less
__total cost of goods__ - For a manufacturing company has total monthly fixed costs of $100,000, variable costs per unit $10, selling price per unit $15., income tax rate of 20%, targeted net income of $10,000. Assume all other variables do not affect the cost volume profit relationship, if sales
**in units (quantities)****increase, total costs, in dollars**__remains constant__ - The following data pertains to Kandy Company

Monthly fixed cost (FC) $200,000

Selling price(SP/u) $12

Variable cost per unit(VC/u) $4

Income tax rate (t) 20%

Find contribution margin percentage __33.33%__

- The following data pertains to Kandy Company

Monthly fixed cost (FC) $200,000

Selling price(SP/u) $12

Variable cost per unit(VC/u) $4

Income tax rate (t) 20%

Find contribution margin per unit __$8__

- For a manufacturing company has a total monthly costs of $100,000, variable costs per unit $10, selling price per unit of $15, income tax rate of 20%, targeted net income of $10,000.

Assume all other variables do not affect the cost volume profit relationship, if sales in units

(quantities) increase, **total fixed cost in dollars**: __remains constant__

- For a manufacturing company has a total monthly costs of $100,000, variable costs per unit $10, selling price per unit of $15, income tax rate of 20%, targeted net income of $10,000.

Assume all other variables do not affect the cost volume profit relationship, if sales in units

(quantities) increase, **fixed costs per unit**: __decrease__

- The following data pertains to Kandy Company

Monthly fixed cost (FC) $200,000

Selling price(SP/u) $12

Variable cost per unit(VC/u) $4

Income tax rate (t) 20%

Find contribution break even point __25,000__

- Giving the following data for XY Company +

Year 2008 2009

Total sales $145,000 $121,400

Cost of goods sold $880,000 $738,400

Selling & administrative expenses $92,500 $80,700

Assume high low method is adequate in this case, the **variable costs** of selling and administrative expenses is __2.5%__

Powered by TCPDF (www.tcpdf.org)

hihi

Earn back money you have spent on downloaded sample

To export a reference to this article please select a referencing stye below.

Assignment Hippo (2021) . Retrive from http://assignmenthippo.com/sample-assignment/acct-exam-question

"." Assignment Hippo ,2021, http://assignmenthippo.com/sample-assignment/acct-exam-question

Assignment Hippo (2021) . Available from: http://assignmenthippo.com/sample-assignment/acct-exam-question

[Accessed 24/10/2021].

Assignment Hippo . ''(Assignment Hippo,2021) http://assignmenthippo.com/sample-assignment/acct-exam-question accessed 24/10/2021.

Want to order fresh copy of the **Sample Template Answers? ** online or do you need the old solutions for Sample Template, contact our customer support or talk to us to get the answers of it.

Our motto is deliver assignment on Time. Our Expert writers deliver quality assignments to the students.

Get reliable and unique assignments by using our 100% plagiarism-free.

Get connected 24*7 with our Live Chat support executives to receive instant solutions for your assignment.

Get Help with all the subjects like: Programming, Accounting, Finance, Engineering, Law and Marketing.

Get premium service at a pocket-friendly rate at AssignmentHippo

- Assignment Writing Guide
- Essay Writing Guide
- Dissertation Writing Guide
- Research Paper Writing Guide

- Accounts
- Computer Science
- Economics
- Engineering

Tap to ChatGet instant assignment help