Accounting MCQs — Test 30
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Question 1
The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________?
Question 2
If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________?
Question 3
If the target net income is $36000 and the tax rate is 40%, then the target operating income will be __________?
Question 4
If the breakeven revenue is $220000 and the revenue per bundle is $10000, then the number of bundles to be sold to breakeven will be ___________?
Question 5
If the margin of safety is $35000 and the budgeted revenue is $80000, then the margin of safety in percentage will be _____________?
Question 6
If the contribution margin is $3000 and the revenues are $9000, then all the variable costs will be ____________?
Question 7
The contribution margin is divided to operate income to calculate ______________?
Question 8
The graph, which shows the change in sold quantity and its effect on operating income is called ___________?
Question 9
If the contribution margin of bundle is $45000 and the revenue of the bundle is $15000, then the contribution margin percentage for bundle will be ___________?
Question 10
If the fixed cost is $65000 and the contribution margin percentage for the bundle is 0.575, then the breakeven revenue will be ____________?