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MCQs

Total Questions : 50 | Page 4 of 5 pages
Question 31. You purchase a gallon of milk for $5
  1.    $2.50
  2.    $12.50
  3.    $1.50
  4.    $1.25
 Discuss Question
Answer: Option C. -> $1.50
Question 32. _________________________________ is the excess of sales over the break even sales
  1.    Contrbution
  2.    Fixed cost
  3.    Variable cost
  4.    Margin of Safety
 Discuss Question
Answer: Option D. -> Margin of Safety
Question 33. You purchase a can of tomato paste for $
  1.    $0.10
  2.    $1.00
  3.    $0.50
  4.    $0. 98
 Discuss Question
Answer: Option A. -> $0.10
Question 34. You purchase 16 oz of vanilla for $3
  1.    $3.46
  2.    $55.36
  3.    $6.92
  4.    $27.68
 Discuss Question
Answer: Option C. -> $6.92
Question 35. You purchase 20 lbs of sugar for $50
  1.    $13.50
  2.    $10.00
  3.    $20.00
  4.    $75.00
 Discuss Question
Answer: Option C. -> $20.00
Question 36. You purchase 1 pound of butter for $2
  1.    $9.86
  2.    $11.96
  3.    $13.87
  4.    $7.67
 Discuss Question
Answer: Option B. -> $11.96
Question 37. You purchase a dozen eggs for $3
  1.    $7.24
  2.    $6.89
  3.    $5.99
  4.    $8.96
 Discuss Question
Answer: Option D. -> $8.96
Question 38. Fixed cost is also known as______________________________
  1.    Flexible cost
  2.    Marginal cost
  3.    Period cost
  4.    All of the above
 Discuss Question
Answer: Option C. -> Period cost
Question 39. You purchase 18 oz of cinnamon for $8
  1.    $0.45
  2.    $0.86
  3.    $0.32
  4.    $0.22
 Discuss Question
Answer: Option A. -> $0.45
Question 40. The total variable cost change _________________________with change in output
  1.    Consistently
  2.    Constantly
  3.    Proportionately
  4.    Un proportionately
 Discuss Question
Answer: Option A. -> Consistently

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