9 - 9 Student: _ 1. The contribution income statement would...

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9Student: _______________________________________________________________________________________1.The contribution income statement would require a firm to:A.Separate fixed and variable costs.B.Separate revenue into different categories.C.Round off amounts to the nearest dollar.D.Ignore some estimated fixed expenses, such as depreciation.E.Restructure its entire accounting system.
2.From a strategic management perspective, the primary reason a firm performs CVP analysis for breakeven planning is to find the level ofsales that:
3.CVP analysis for revenue and cost planning has the primary objective of:
4.The breakeven point is:
5.CVP analysis using activity-based costs will tend to shift cost from fixed to variable classifications, resulting in:A.Lower breakeven sales.B.Higher breakeven sales.C.Breakeven sales can be higher or lower, depending on batch size.D.A higher contribution margin per unit.E.A lower contribution margin per unit.
6.Calculating the margin of safety measure will help a firm answer which of the following questions?
7.A relatively low margin of safety ratio for a product is usually an indication that the product:
8.High operating leverage is a measure of the risk of change in profit a firm assumes when it has relatively:

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Term
Summer
Professor
Goldwater
Tags
Cost Accounting, Income Statement, Revenue, a b c, b c d, A B C D
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Financial and Managerial Accounting Using Excel for Success
The document you are viewing contains questions related to this textbook.
Chapter 24 / Exercise PE24–7A
Financial and Managerial Accounting Using Excel for Success
Reeve/Warren
Expert Verified

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