Choc. Creme
Cruller
Boston Creme
Jelly
Glazed
1 POINT
1 POINT
1 POINT
1 POINT
1 POINT
2 POINTS 2 POINTS 2 POINTS 2 POINTS 2 POINTS
3 POINTS 3 POINTS 3 POINTS 3 POINTS 3 POINTS
4 POINTS 4 POINTS 4 POINTS 4 POINTS 4 POINTS
5 POINTS 5 POINTS 5 POINTS 5 POINTS 5 POINTS
1 POINT
This is what a fixed cost graph looks like.
--------------------------
2 POINTS
This is what a mixed cost graph looks like.
----------
---------
3 POINTS
These are the three most common
cost behavior classifications
What is fixed, mixed and
variable
4 POINTS
This is what happens to a fixed
cost per unit as production
increases – show graph
|
\
\
-----------(best I can do….)
5 POINTS
________ costs vary in direct proportion to
units produced.
What is variable?
1 POINT
Electricity usage in a factory would be what
type of cost behavior?
What is variable?
2 POINTS
The production supervisor’s salary in a
factory would be what type of cost behavior?
What is fixed?
3 POINTS
If Sales are $1,000,000, variable costs are
$700,000, and fixed costs are $200,000,
what is the contribution margin in dollars?
What is $300,000?
4 POINTS
If Sales are $1,000,000, variable costs are
$700,000, and fixed costs are $200,000,
what is the contribution margin ratio?
What is 30%?
5 POINTS
If Sales are $1,000,000, contribution margin
ratio is 28%, what is the dollar amount of
variable costs if fixed costs are $200,000?
What is 720,000?
1 POINT
Sales-Variable costs =
What is contribution margin?
2 POINTS
If fixed costs increase, breakeven will
______
increase
3 POINTS
If variable costs decrease, breakeven will
_____
decrease
4 POINTS
If selling price decreases,
breakeven will ______
Increase
5 POINTS
Fixed costs are $45,000, sales price per unit
is $10, variable cost per unit is $5.
Breakeven is ______.
What is 9,000 units?
1 POINT
This type of costing is where cost of goods
sold includes DM, DL and variable FOH.
What is variable costing?
2 POINTS
This type of costing is where cost of goods
sold includes DM, DL and FOH.
What is absorption costing?
3 POINTS
A distribution of sales amongst various
products is referred to as _____ mix.
What is sales?
4 POINTS
This is formula to calculate break even in
sales with a target profit.
(Fixed costs + Target
profit)/Unit contribution margin
5 POINTS
This method calculates fixed
and variable cost using various
production levels.
What is the hi-lo method?
1 POINT
2 POINTS
3 POINTS
4 POINTS
Render an opinion on the
fairness of financial statements.
5 POINTS
This is where management gives their
opinion of the financial statements and can
be completely biased.
CATEGORY:
Sales Mix
MAKE YOUR WAGER!
ANSWER:
Sales mix for product A and B is
70%/30%. Fixed costs are $500,000.
Product A has a sales price of $200
and variable cost of $150, product B
has a sales price of $150 and a
variable cost of $100. What is the
breakeven point in units for A and B?
QUESTION
A= 7000
B = 3000