FinMan10e_ABSol_ch20 - 5 noncontrollable 6 variable costing...

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 20 TEST 20A Fill-in-the-Blank Principles and Terminology 1. direct costing 2. absorption costing 3. contribution margin 4. manufacturing margin 5. gross profit 6. absorption costing 7. absorption costing 8. variable costing 9. no 10. included 11. excluded 12. excluded 13. included 14. unit price (cost) factor 15. quantity factor
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Problem 1 Problems 1. increase 2. $15,000 3. $81,000 4. $77,000 5. $64,500 6. $65,500 7. $123,000 8. $129,000 9. increase $61,500 10. decrease $7,500
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TEST 20B Fill-in-the-Blank Principles and Terminology 1. variable costing 148
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2. absorption costing 3. contribution margin 4. controllable 5. noncontrollable
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Unformatted text preview: 5. noncontrollable 6. variable costing 7. variable costing 8. absorption costing 9. no 10. excluded 11. excluded 12. excluded 13. included 14. unit price (cost) factor 15. quantity factor Problem 1 Problems 1. decrease 2. $55,000 * 3. $81,000 4. $77,000 5. $64,500 6. $65,500 7. $180,000 8. $192,000 9. decrease $7,500 10. increase $61,500 Additional contribution margin from sale of 1,000 units of Product T (1,000 x $65) $65,000 Less contribution margin from foregoing production and sale of Product S (3,000 x $40) 120,000 Decrease in total contribution margin $55,000 150...
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