# 3 points 2 ```Choc. Creme
Cruller
Boston Creme
Jelly
Glazed
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1 POINT
This is what a fixed cost graph looks like.
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2 POINTS
This is what a mixed cost graph looks like.
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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
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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
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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