ACC 560 ACC560 Week 5 Quiz 3 Chapters 5 and 6

ACC 560 Week 5 Quiz 3 Chapters 5 and 6

1. 

A company with a higher contribution margin ratio is

2. 

The contribution margin ratio is

3. 

In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. The same selling price, variable expenses, and fixed expenses are expected for 2017. What is Teller’s break-even point in sales dollars for 2017?

4. 

Sales mix is

5. 

The margin of safety ratio

6. 

To which function of management is CVP analysis most applicable?

7. 

Frazier Manufacturing Company collected the following production data for the past month:
Units ProducedTotal Cost
1,600 $66,000
1,300 57,000
1,500 67,500
1,100 49,500
If the high-low method is used, what is the monthly total cost equation?

8. 

Weatherspoon Company has a product with a selling price per unit of $200, the unit variable cost is $110, and the total monthly fixed costs are $300,000. How much is Weatherspoon’s contribution margin ratio?

9. 

Two costs at Bradshaw Company appear below for specific months of operation.
Month Amount Units Produced
Delivery costs September $ 40,000 40,000
October 55,000 60,000
Utilities September $ 84,000 40,000
October 126,000 60,000
Which type of costs are these?

10. 

The equation which reflects a CVP income statement is