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ACCT 2302 Exam 2 with answers,

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ACCT 2302 Exam 2 with answers,

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ACCT 2302 Exam 2 with answers |\ |\ |\ |\ |\




Contribution margin is the amount of revenue remaining |\ |\ |\ |\ |\ |\ |\ |\



after deducting - CORRECT ANSWERS ✔✔variable costs
|\ |\ |\ |\ |\ |\




For Dye Company, at a sales level of 5,000 units, sales is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



$75,000, variable expenses total $40,000, and fixed
|\ |\ |\ |\ |\ |\ |\



expenses are $21,000. What is the contribution margin
|\ |\ |\ |\ |\ |\ |\ |\



per unit? - CORRECT ANSWERS ✔✔$7.00
|\ |\ |\ |\ |\




The contribution margin ratio is - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\



✔✔contribution margin divided by sales |\ |\ |\ |\




The required sales in units to achieve a target et income
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



is - CORRECT ANSWERS ✔✔(fixed cost + target net
|\ |\ |\ |\ |\ |\ |\ |\ |\



income) divided by contribution margin per unit
|\ |\ |\ |\ |\ |\




Sales mix is - CORRECT ANSWERS ✔✔the relative
|\ |\ |\ |\ |\ |\ |\ |\



percentage in which a company sells its multiple products
|\ |\ |\ |\ |\ |\ |\ |\




Cost will differ between alternatives and influence the
|\ |\ |\ |\ |\ |\ |\ |\



outcome of a decision are - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\



✔✔relevant costs |\

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