The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?
A. margin of safety B. margin of profit C. margin of loss D. margin of income
Accounting MCQs with Answers
The gross margin is added into cost of sold goods to calculate the __________?
A. revenues B. operating leverage C. contribution margin D. operating margin
The gross margin is divided by revenues to calculate the __________?
A. income margin percentage B. Gross margin percentage C. cost margin percentage D. sales margin percentage
If the fixed cost is $15000 and the breakeven revenue is $45000 then the contribution margin will be ___________?
A. 33.34% B. 43.34% C. 23% D. 25%
The fixed cost is $25000 and the breakeven revenue is $95000, then the contribution margin will be _________?
A. $32 B. $30 C. $25 D. $26.31
If the fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be ____________?
A. 45 units B. 30 units C. 20 units D. 52 units
If the cost of goods sold is $8000, the gross margin is $5000 then the revenue will be ___________?
A. $13,000 B. −$13000 C. $3,000 D. −$3000
Competitiveness can be best measured by ___________?
A. Gross margin B. income margin C. sales margin D. cost margin
The type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as ____________?
A. mutual distribution B. probability distribution C. collective distribution D. marginal distribution
The fixed cost is added to target operating income and then divided to contribute margin per unit to calculate _________?
A. quantity of units required to sold B. selling of units C. sold units D. contributed units