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MCQs

Total Questions : 107 | Page 3 of 11 pages
Question 21. If the direct material cost of sold goods is $4500 and revenues are $9000, then the contribution margin would be
  1.    −$13500
  2.    $4,500
  3.    −$4500
  4.    $13,500
 Discuss Question
Answer: Option B. -> $4,500
Answer: (b).$4,500
Question 22. The throughput contribution is added into direct material cost of goods sold to calculate
  1.    indirect material
  2.    revenues
  3.    expenses
  4.    direct material
 Discuss Question
Answer: Option B. -> revenues
Answer: (b).revenues
Question 23. The numerator of fixed manufacturing rate can be reduced by using
  1.    write ups
  2.    write downs
  3.    upward write up
  4.    downward write down
 Discuss Question
Answer: Option A. -> write ups
Answer: (a).write ups
Question 24. In variable costing, the change in operating income is driven only by changes in
  1.    quantity of units sold
  2.    quantity of units manufactured
  3.    increase in units sold
  4.    decrease in units sold
 Discuss Question
Answer: Option A. -> quantity of units sold
Answer: (a).quantity of units sold
Question 25. If the beginning inventory is $40000, the total revenues are $225000 and the ending inventory is $30000, then total production would be
  1.    $95,000
  2.    $235,000
  3.    $295,000
  4.    $195,000
 Discuss Question
Answer: Option B. -> $235,000
Answer: (b).$235,000
Question 26. If the contribution margin per unit is $16700 and the change in sold quantity of units is 20, then change in variable costing operating income will be
  1.    635 units
  2.    735 units
  3.    835 units
  4.    334 units
 Discuss Question
Answer: Option D. -> 334 units
Answer: (d).334 units
Question 27. In absorption costing, an effect on cost volume profit relationship is driven by
  1.    unit level of production
  2.    unit level of sales
  3.    chosen denominator level
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 28. Throughout the period costs, costing methods are treated as
  1.    manufacturing in period
  2.    expenses of period
  3.    incurred in period
  4.    accrual in period
 Discuss Question
Answer: Option B. -> expenses of period
Answer: (b).expenses of period
Question 29. The recalculation of demand can be avoided, by using practical capacity while calculation of budgeted fixed manufacturing per unit cost as
  1.    denominator
  2.    numerator
  3.    multiplier
  4.    equalizer
 Discuss Question
Answer: Option A. -> denominator
Answer: (a).denominator
Question 30. If the budgeted fixed manufacturing cost is $124000 and the per unit cost is $124, then budgeted production units can be
  1.    $4,000
  2.    $1,000
  3.    $2,000
  4.    $3,000
 Discuss Question
Answer: Option B. -> $1,000
Answer: (b).$1,000

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