Managerial Accounting

Only available on StudyMode
  • Download(s) : 212
  • Published : September 30, 2012
Open Document
Text Preview
Current Location ? .HBLC_4124_ACC_202_J002_32368 ACC 202: Managerial Accounting (4124_J002) Quizzes Take Test: Chapter 05 . .

Menu Management Options Expand AllCollapse All
..Course Menu:BLC_4124_ACC_202_J002_32368 (ACC 202: Managerial Accounting (4124_J002)) H Announcements .
Syllabus .
PowerPoint Slides .
Tutoring Schedule .
Connect .
Extra Class Exercises .
Quizzes .
Exams .
My Grades .
Help .
Take Test: Chapter 05 .Content Assistive Technology Tips [opens in new window] InstructionsDescription
Instructions
Multiple Attempts This Test allows 2 attempts. This is attempt number 1. Force Completion This test must be completed based on the requirements of this course.

Question Completion Status:
1 2 3 4 5 6 7 8 9 10

Question 1

The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
What is the company's margin of safety in dollars?
Answer $400,000
$600,000
$120,000
$880,000
.
10 points
Question 2

The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
What is the company's break-even in units?
Answer 20,000 units
0 units
18,000 units
12,000 units
.
10 points
Question 3

The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
If sales increase by 100 units, by how much should net operating income increase? Answer $400
$4,800
$1,500
$2,500
.
10 points
Question 4

The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
What is the company's degree of operating leverage?
Answer 0.12
2.5
0.4
3.3
.
10 points
Question 5

The following is Addison Corporation's contribution format income statement for last month:

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
How many units would the company have to sell to attain the target profit of $150,000? Answer 22,000
37,500
25,000
26,667
.
10 points
Question 6

A tile manufacturer has supplied the following data:

The company's contribution margin ratio is closest to:
Answer 42.7%
57.3%
45.8%
21.0%
.
10 points
Question 7

A tile manufacturer has supplied the following data:

What is the company's unit contribution margin?
Answer $0.86
$2.35
$4.10
$1.75
.
10 points
Question 8

Next year, Rad Shirt Company expects to sell 32,000 shirts. Rad is budgeting the following operating results for next year:

How many shirts would Rad have to sell next year in order to generate $480,000 of net operating income? Answer 38,400
48,000
60,000
42,000
.
10 points
Question 9

Next year, Rad Shirt Company expects to sell 32,000 shirts. Rad is budgeting the following operating results for next year:

What is Rad's degree of operating leverage for next year?
Answer 1.50
1.56
1.60
2.50
.
10 points
Question 10

Hinsey Corporation produces and sells a single product. Data concerning the product appear below:

Fixed expenses are $300,000 per month. The company is currently selling 4,000 units per month. Consider each of the following questions independently.
This question is to be considered independently of all other questions relating to...
tracking img