chapter_23

# chapter_23 - CHAPTER 23 Cost-Volume-Profit Relationships...

This preview shows pages 1–4. Sign up to view the full content.

23-1 CHAPTER 23 Cost-Volume-Profit Relationships ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Distinguish between vari- able and fixed costs. 1, 2, 3, 6, 8 1 1, 2 1A 1B * 2. Explain the significance of the relevant range. 4,5 2 * 3. Explain the concept of mixed costs. 6, 7, 8 3, 4 1, 2 1A 1B * 4. List the five components of cost-volume-profit analysis. 7, 8, 9 * 5. Indicate what contribution margin is and how it may be expressed. 10, 11 5 3, 5 1A, 2A, 3A 1B, 2B, 3B * 6. Identify the three ways to determine the break-even point. 12, 13, 14 6 3, 4, 6 1A, 2A, 3A, 4A 1B, 2B, 3B, 4B * 7. Define margin of safety and give the formulas for computing it. 15 7 3, 4 2A, 4A 2B, 4B * 8. Give the formula for de- termining sales required to earn target net income. 16 8 6, 7 2A 2B * 9. Describe the essential features of a cost-volume- profit income statement. 17 9 8 2A, 4A 2B, 4B *10. Explain the difference between absorption cost- ing and variable costing. 18, 19 10 9 5A 5B * N o t e : Al l a s t e r i s ke d Q ue s t i on s , Ex e r c i se s , an d Pr o b le m s re la t e to ma t e r i a l co nt ai n ed in t h e ap p e n - d i x * t o t h e ch a p t e r .

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
23-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Determine variable and fixed costs, compute break-even point, prepare a CVP graph, and determine net income. Simple 20-30 2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. Moderate 30-40 3A Compute break-even point under alternative courses of action. Simple 20-30 4A Compute break-even point and margin of safety ratio, and prepare CVP income statement before and after changes in business environment. Moderate 20-30 5A Prepare income statements under absorption and variable costing. Moderate 30-40 1B Determine variable and fixed costs, compute break-even point, prepare a CVP graph, and determine net income. Simple 20-30 2B Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. Moderate 30-40 3B Compute break-even point under alternative courses of action. Simple 20-30 4B Compute break-even point and margin of safety ratio, and prepare CVP income statement before and after changes in business environment. Moderate 20-30 5B Prepare income statements under absorption and variable costing. Moderate 30-40
23-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Distinguish between variable and fixed costs. Q23-1 Q23-2 Q23-3 Q23-6 BE23-1 E23-1 Q23-8 E23-2 P23-1A P23-1B 2. Explain the significance of the relevant range. Q23-4 Q23-5 BE23-2 3. Explain the concept of mixed costs. Q23-7 BE23-4 BE23-3 4. List the five components of cost- volume-profit analysis. Q23-9 5. Indicate what contribution margin is and how it may be expressed. Q23-10 Q23-11 E23-3 E23-5 BE23-5 P23-2A P23-2B P23-3A P23-3B 6. Identify the three ways to deter- mine the break-even point.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 11/25/2010 for the course ACCT 212 taught by Professor Luna during the Spring '09 term at DeAnza College.

### Page1 / 42

chapter_23 - CHAPTER 23 Cost-Volume-Profit Relationships...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online