Quiz_ Vanderbeck, Principles of Cost Accounting 14e, Chapter 10

Quiz_ Vanderbeck, Principles of Cost Accounting 14e, Chapter 10

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Unformatted text preview: Obje Web Quiz Assignment Name: Vanderbeck, Principles of Cost Accounting 14e, Chapter 10 1. Net income reported under direct costing will exceed net income reported under absorption costing for a given period if: a. production equals sales for that period. b. production exceeds sales for that period. c. sales exceed production for that period. d. the fixed overhead exceeds the variable overhead. 2. The contribution margin per unit is the difference between the selling price and the variable cost per unit, and the contribution margin ratio is the ratio of the contribution margin per unit to the selling price per unit. If the selling price and the variable cost per unit both decrease 10% and fixed costs do not change, what is the effect on the contribution margin per unit and the contribution margin ratio? a. Contribution margin per unit and the contribution margin ratio both remain unchanged. b. Contribution margin per unit and the contribution margin ratio both increase....
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This note was uploaded on 10/20/2009 for the course ACCT 333 taught by Professor Shirin during the Spring '09 term at École Normale Supérieure.

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Quiz_ Vanderbeck, Principles of Cost Accounting 14e, Chapter 10

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