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Cost Accounting Mcqs – MCQs

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1.Given a gross margin of $6,000 and total sales amounting to $26,000, what is the gross margin percentage?

2.If the total revenue amounts to $11,000 and the variable costs total $6,000, what is the contribution margin?

3.What is determined by dividing the fixed costs by the contribution margin ratio for a product bundle?

4.To find _____________, you multiply the target operating income by the tax rate and subtract that amount from the target operating income.

5.What term describes the impact of fixed costs on the variation in operating income?

6.Given that the planned sales volume is 50 units and the breakeven sales volume is 12 units, what is the margin of safety measured in units?

7.What is the name of the distribution type that includes different possible outcomes along with their associated event probabilities?

8.If the contribution margin amounts to $34,000 and the operating income is $12,000, what is the degree of operating leverage?

9.Given a gross margin of $2,000 and total revenue of $5,000, what is the cost of goods sold?

10.What do you obtain when you add the gross margin to the cost of goods sold?

11.To determine the number of units that must be sold, fixed costs are added to the target operating income and then divided by the contribution margin per unit. What does this calculation find?

12.Which ratio is obtained by dividing fixed costs by break-even sales revenue?

13.Which type of distribution characterizes whether events are mutually exclusive or collectively exhaustive?

14.Which of the following metrics is the most effective indicator of a company's competitiveness?

15.Given that the cost of goods sold amounts to $8,000 and the gross profit is $5,000, what is the total revenue?

16.Given a fixed cost of $10,000, a desired operating income of $8,000, and a contribution margin of $900 per unit, how many units must be sold to meet the target?

17.If the fixed costs amount to $25,000 and the breakeven sales revenue is $95,000, what is the contribution margin percentage?

18.Given a fixed cost of $15,000 and a breakeven sales revenue of $45,000, what is the contribution margin percentage?

19.What is obtained by dividing the gross margin by total revenues?

20.To determine the __________, the gross margin is combined with the cost of goods sold.