If the margin of safety is $35000 and the budgeted revenue is $80000, then the margin of safety in percentage will be _____________?
A. 32.75% B. 43.75% C. 53% D. 22%
Accounting MCQs with Answers
If the contribution margin is $3000 and the revenues are $9000, then all the variable costs will be ____________?
A. $12,000 B. $6,000 C. −$6000 D. −$12000
If the breakeven revenue is $220000 and the revenue per bundle is $10000, then the number of bundles to be sold to breakeven will be ___________?
A. 32 bundle B. 22 bundle C. 42 bundle D. 38 bundle
If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________?
A. 4500 units B. 5500 units C. 8500 units D. 9500 units
If the target net income is $36000 and the tax rate is 40%, then the target operating income will be __________?
A. $10,000 B. $20,000 C. $40,000 D. $60,000
The economic results that are predicted for possible combinations of events are classified as _______?
A. margin B. distribution C. collection D. outcome
The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________?
A. sales revenue variance B. cost profit variance C. profit volume variance D. sales volume variance
If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be ___________?
A. $215,000 B. $315,000 C. $415,000 D. $515,000
Number of units are multiplied to per unit price, to calculate ____________?
A. multiple budget variable B. fixed budget variable C. flexible budget variable D. constant budget
Number of units are multiplied to per unit price, to calculate ___________?
A. multiple budget variable B. fixed budget variable C. flexible budget variable D. constant budget