If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be _________?
A. $1,000 B. −$1000 C. $17,000 D. −$17000
Accounting MCQs with Answers
The formula to calculate the contribution margin is ___________?
A. revenue – all variable cost B. revenue + all variable cost C. cost + revenue D. revenue – breakeven units
If the margin of safety is $25000 and the budgeted revenue is $45000, then the margin of safety in percentage will be __________?
A. 55.56% B. 25.50% C. 28% D. 45.00%
If the breakeven revenue is $360000 and the revenue per bundle is $12000, then the number of bundles to be sold to breakeven can be ___________?
A. 52 bundles B. 48 bundles C. 45 bundles D. 30 bundles
If the contribution margin is $25000 and the revenues are $60000, then all the variable costs will be __________?
A. −$85000 B. −$35000 C. $85,000 D. $35,000
If the fixed cost is $65000 and the contribution margin percentage for the bundle is 0.575, then the breakeven revenue will be ____________?
A. $113,043.48 B. $1,200,000 C. $130,000 D. $140,000
The graph, which shows the change in sold quantity and its effect on operating income is called ___________?
A. PV graph B. CV graph C. SO graph D. QI graph
The contribution margin is divided to operate income to calculate ______________?
A. degree of operating leverage B. degree of change C. degree of change in margin D. degree of change in income