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Contribution Margin Analysis
Test Description: Created by Samantha Henry and Alex Hwang.
Instructions: Answer all questions to get your test result.
1) What is Contribution Margin Analysis?
A
A cost accounting concept that allows a company to determine profitability of a individual product.
B
A cost accounting concept that reports the amount donated to charities and external organizations.
C
Green Apples.
D
A cost accounting concept that calculates extra money.
2) Managers use this analysis for...
A
Only for creating new products.
B
Red Apples.
C
Deciding if they need to donate more to external organizations.
D
Planning and controlling operations.
3) Quantity Factor is...
A
The difference of cost of goods sold.
B
Not related to variable factors.
C
The difference in number of units sold.
D
The difference in sales price.
4) Actual Units Sold: 28,000; Planned Units of Sale: 25,000; Planned Sales Price: 57.50. What is the Sales Quantity Factor?
A
$172,500
B
$-172,500
C
$53,000
D
$3,047,500
5) What does the answer of question #4 mean?
A
The company will be canceling the product that was being sold.
B
Less units have been sold than planned.
C
A positive amount has increased sales and contribution margin.
D
A negative amount has decreased sales.
6) Actual Selling Price per Unit: 55.00; Planned Selling Price per Unit: 57.50; Actual Units Sold: 45,788 What is the Unit Price Factor?
A
$-114,470
B
$114,470
C
$-470,000
D
$470,788
7) Which statement is true?
A
Actual and planned affects nothing.
B
Contribution Margin is VARIABLE COST-SALES.
C
The factors are not for sales and variable costs.
D
Sales and variable cost affect planned and actual.
8) Planned Cost per Unit: 65.00; Actual Cost per Unit: 45.75; Actual Units Sold: 30,000 What is the Unit Cost Factor?
A
$500,000
B
$577,500
C
$-190,750
D
$-500,000
9) What is the Variable Cost Quantity Factor? Planned Units of Sales: 20,000; Actual Units Sold: 15,500; Planned Unit Cost: 400
A
$50,000
B
$200,000
C
$100,000
D
$150,000
10) True or False: Contribution Margin DOES NOT involve cost, volume or profit.
A
False
B
True
*select an answer for all questions
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