The contribution margin ratio can be calculated in all of the following ways except: a.1 − Variable cost ratio.

Which of the following statements is FALSE? O a. The mark up is a percentage applied to base cost. O b. A major advantage of mark up pricing is that standard mark ups are easy to apply. Oc. The mark up can be calculated using a variety of bases. O d. The mark up is an absolute rule.

On a graph, if a horizontal axis represents units of production and the vertical axis represents total costs, the total variable costs line would be shown as a(n):   Question 4 options:   horizontal line.   vertical line.   upward sloping line.   downward sloping line.

A graph of which of the following types of costs would have a slope of zero?   Total variable cost . Variable cost per unit. Total cost Fixed cost per unit

Consider the following two statements concerning cost-volume-profit analysis. (1) The contribution per unit is the difference between the sales price per unit and the fixed costs per unit. (2) The marginal cost per unit will usually equal the variable cost per unit. Which one of the following combinations ( true/false) relating to the above statements is correct?

Which of the following statements about CVP analysis is false? O a. Operating income calculations in CVP analysis are based on contribution margin not gross margin. O b. Unit selling price, unit variable costs, and total fixed costs are known and remain constant. O c. Managers use (CVP) analysis to study the behavior of and relationship among the elements such as total revenues, total costs, and income O d. Total revenues and total costs are linear in relation to output units. O e. All of the given answers are true. OUS PAGE FINISH ATTEMPT ... F1 F2 F3 F4 F5 F6 F7 F8 F10 23 % & 2 3 4 7 8. V Q W T A F K 13 C V BYNI M 24 S

Least-squares regression is a statistical method for identifying cost behavior. True or False True

Which of the following statements correctly complete the sentence:"Gross Margin equals":I.   sales revenue less (minus) cost of goods sold.II.  contribution margin less (minus) fixed costs.III. operating income plus all period costs.IV.  sales revenue less (minus) cost of goods manufactured.