FinMan10e_SecSol_08

FinMan10e_SecSol_08 - 17 contribution margin 18 manufacturing margin 19 gross profit 20 controlling 21 budgetary slack 22 static budgets 23 master

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ACHIEVEMENT TEST SOLUTIONS—SECTION TEST 8 (Chapters 19–21) Fill-in-the-Blank Principles and Terminology 1. activity base 2. relevant range 3. variable costs 4. fixed costs 5. mixed costs 6. mixed costs 7. direct costing 8. contribution margin ratio 9. 15,000 units 10. increase 11. increase 12. sales mix 13. horizontal axis 14. “what if” or sensitivity analysis 15. margin of safety 16. absorption costing
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Unformatted text preview: 17. contribution margin 18. manufacturing margin 19. gross profit 20. controlling 21. budgetary slack 22. static budgets 23. master budget 24. capital expenditures budget 25. $260,000 26. $528,000 27. $377,000 28. $179,400 29. 244,000 30. sales budget Problem 1 Problems 1. 9,500 2. 22,000 3. 50% 4. $10,500 5. 10 6. increase by 50% 7. $7 8. $62,000 9. 4,000 10. 1,000...
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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