questions and answers 2025/2026
Cost of Goods Manufactured - ANS ✔✔BWIP + CC = TWIP - EWIP
Current Costs - ANS ✔✔DMu + DL + MOH
Closing MOH (Over-Applied) - ANS ✔✔MOH - DB, COGS - CR
Closing MOD (Under-Applied) - ANS ✔✔COGS - DB, MOH - CR
Ending Inventory - ANS ✔✔Made - Sold
Break-even point in Units - ANS ✔✔Fixed Costs / Contribution Margin per Unit
Break-even point in Sales - ANS ✔✔Fixed Costs / Contribution Margin Ratio
Target Income in Units - ANS ✔✔(Fixed Costs + Target Operating) / Contribution Margin per Unit
Target Income in Sales - ANS ✔✔(Fixed Costs + Target Operating) / Contribution Margin Ratio
Margin of Safety - ANS ✔✔Actual or Budgeted Sales - Breakeven Sales
Weighted Average Contribution Margin - ANS ✔✔Total CM of Product A + Total CM of Product B