UFC1 Managerial Accounting WGU - Questions With
Comprehensive Solutions
Contribution Margin (CM) Right Ans - Sales per Unit - Variable Costs per
Unit ($)
Contribution Margin Ratio (CM Ratio) Right Ans - CM/Sales Price per Unit
Revised CM Right Ans - Revised Sales per Unit - Revised Variable Cost per
Unit
Revised CM Ratio Right Ans - Revised CM/Revised Sales Price per Unit
Raw Materials Used Right Ans - Beginning Raw Materials Inventory +
Purchases - Ending RMI
OH Rate Right Ans - OH Cost/Activity Base
Cost Pool Activity Rate Right Ans - OH Costs Assigned to Pool/Number of
Activities
Plantwide OH Rate Right Ans - Total Budgeted OH Cost/Total Budgeted
Activity Base
Costs per EUP Right Ans - Total Costs/EUP
Target Cost Right Ans - Expected Selling Price - Desired Profit
Assets Right Ans - Liabilities + Equity
Predetermined Oh Rate (estimated) Right Ans - Estimated OH
Costs/Estimated Activity Base
Gross Profit Right Ans - COGS - Sales
Predetermined OH Rate (budgeted) Right Ans - Budgeted OH/Budgeted
Activity Base
, Total Manufacturing Costs Right Ans - DM + DL + FOH
Cycle Efficiency Right Ans - Process Time/Total Cycle Time
Prime Costs Right Ans - DM + DL
Conversion Costs Right Ans - DL + FOH
Weighted Average Contribution Margin (WACM) Right Ans - CM per Unit x
Sales Mix
Weighted Average Break-Even Units Right Ans - FC/WACM
Variable Cost Right Ans - A cost that changed in total proportionately to
changes in volume
of activity is a _______ _______.
Dollar Sales @ Target After Tax Income Right Ans - FC + Target Pretax
Income/CM Ratio
Unit Sales @ Target After Tax Income Right Ans - FC + Target Pretax
Income/CM
Pretax Income Right Ans - Expected Sales in Units x CM per Unit - FC
Pretax Income Right Ans - After Tax Income/(1-Tax Rate)
Expected Sales Right Ans - F C + Profit/CM Ratio
$2000 Right Ans - A company sells 800 units @ $16
ea, has VC of $12 ea, FC of $1,200, & a 40% tax rate. The pretax income is ____?
(Units x sales price: 800 x $16) - (units x VC: 800 x $12) - (FC: $1200) = ?
Margin of Safety in $ Right Ans - Expected Sales - Break Even Sales
Margin of Safety in Units Right Ans - Expected Sales - Break Even
Sales/Expected Sales
Comprehensive Solutions
Contribution Margin (CM) Right Ans - Sales per Unit - Variable Costs per
Unit ($)
Contribution Margin Ratio (CM Ratio) Right Ans - CM/Sales Price per Unit
Revised CM Right Ans - Revised Sales per Unit - Revised Variable Cost per
Unit
Revised CM Ratio Right Ans - Revised CM/Revised Sales Price per Unit
Raw Materials Used Right Ans - Beginning Raw Materials Inventory +
Purchases - Ending RMI
OH Rate Right Ans - OH Cost/Activity Base
Cost Pool Activity Rate Right Ans - OH Costs Assigned to Pool/Number of
Activities
Plantwide OH Rate Right Ans - Total Budgeted OH Cost/Total Budgeted
Activity Base
Costs per EUP Right Ans - Total Costs/EUP
Target Cost Right Ans - Expected Selling Price - Desired Profit
Assets Right Ans - Liabilities + Equity
Predetermined Oh Rate (estimated) Right Ans - Estimated OH
Costs/Estimated Activity Base
Gross Profit Right Ans - COGS - Sales
Predetermined OH Rate (budgeted) Right Ans - Budgeted OH/Budgeted
Activity Base
, Total Manufacturing Costs Right Ans - DM + DL + FOH
Cycle Efficiency Right Ans - Process Time/Total Cycle Time
Prime Costs Right Ans - DM + DL
Conversion Costs Right Ans - DL + FOH
Weighted Average Contribution Margin (WACM) Right Ans - CM per Unit x
Sales Mix
Weighted Average Break-Even Units Right Ans - FC/WACM
Variable Cost Right Ans - A cost that changed in total proportionately to
changes in volume
of activity is a _______ _______.
Dollar Sales @ Target After Tax Income Right Ans - FC + Target Pretax
Income/CM Ratio
Unit Sales @ Target After Tax Income Right Ans - FC + Target Pretax
Income/CM
Pretax Income Right Ans - Expected Sales in Units x CM per Unit - FC
Pretax Income Right Ans - After Tax Income/(1-Tax Rate)
Expected Sales Right Ans - F C + Profit/CM Ratio
$2000 Right Ans - A company sells 800 units @ $16
ea, has VC of $12 ea, FC of $1,200, & a 40% tax rate. The pretax income is ____?
(Units x sales price: 800 x $16) - (units x VC: 800 x $12) - (FC: $1200) = ?
Margin of Safety in $ Right Ans - Expected Sales - Break Even Sales
Margin of Safety in Units Right Ans - Expected Sales - Break Even
Sales/Expected Sales
