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Managerial Financial Accounting Chapter 4 Practice Quiz

# Managerial Financial Accounting Chapter 4 Practice Quiz -...

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Self Study, Question 1

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Incorrect! At Branson Corporation, the selling price per unit is \$800 and variable cost per unit is \$500. Fixed costs are 1,000,000 per year. In this case, the contribution margin per unit is: \$300. \$0.375. 2,500 units. None of the above. Self Study, Question 1 At Branson Corporation, the selling price per unit is \$800 and variable cost per unit is \$500. Fixed costs are 1,000,000 per year. In this case, the contribution margin per unit is: \$300. Self Study, Question 2
Correct! \$3,000,000 in sales / \$800 selling price results in 3,750 units sold. 3,750 units × \$300 unit contribution margin results in \$1,125,000 contribution margin, less \$1,000,000 in fixed costs results in \$125,000 in profits. At Branson Corporation, the selling price per unit is \$800 and variable cost per unit is \$500. Fixed costs are \$1,000,000 per year. Assuming sales of \$3,000,000, profit will be: \$125,000. \$680,000. \$750,000. None of the above. Self Study, Question 3 Correct! The contribution margin ratio measures contribution margin per dollar of sales. The contribution margin ratio measures: the ratio of variable to fixed costs.

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contribution margin per dollar of sales.
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Managerial Financial Accounting Chapter 4 Practice Quiz -...

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