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Ch 7 4e - Multiple Choice Quiz 1 of 2...

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Multiple Choice Quiz (See related pages) 1 The difference between unit sales price and unit variable cost is the: A) unit contribution margin. B) total contribution margin. C) contribution margin ratio. D) margin of safety in units. E) breakeven point in units. USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 2 THROUGH 5: Beta Corporation has the following information for a product called Beta. Price per unit $40 Variable cost percentage 60 percent Fixed costs $80,000 2 What is the unit contribution margin? A) $24 B) $20 C) $16 D) $12 E) $40 3 What is the breakeven in sales dollars? A) $80,000 B) $48,000 C) $32,000 D) $133,333 E) $200,000 4 What is the number of units needed to achieve $40,000 in annual before tax profits? A) 5,000 units B) 7,500 units C) 3,000 units D) 2,000 units E) 2,500 units 5 What is the number of units needed to achieve $21,000 in annual after tax profits assuming a 30 percent tax rate? A) 9,017.86 units B) 6,312.50 units C) 6,875 units D) 7,500 units E) 2,500 units 6 What does the variable "N" represent in the following equation: p × Q = F + v × Q + N A) Units sold. B) Total revenue. C) Unit selling price. D) Operating profit. 7 In activity-based costing, CVP analysis is modified to measure the impact of creating cost drivers for detailed-level indirect cost activities. This generally
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