ACTG 2P21 Test 1,2,3 (4)


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Unformatted text preview: BROCK UNIVERSITY FACULTY OF BUSINESS TEST #3 ACTG 21312 SECTEON 2 INTRODUCTION TO MANAGEMENT ACCOUNTING GLENN SKRUBBELTRANG. MBA, CMA STUDENT NAME STUDENT 1D — n 7 C” H— 2 r l P 2. 2 s r“! WM ’3? Version 2 Page 1 PUT ALL MULTIPLE CHOICE ANSWERS IN THE FOLLOWING TABLE Page 2 Version 2 Sarks Company has a contribution margin of $1§2§LQQ and a contribution margin ratio a of 30%. How much are total variable costs? A) $500,000 g _U, .3111: " 302: B) $350,000 3 -: 30;;- g {sawt- _ 7 , C) $45,000 'S a , _‘w *1“ — >r4 D) $105,000 " . 5 ma " 30* C7- is 93.91: 7“ Q. What is the process of evaluating financial data that changes under W5 of action called? A) Incremental analysis \/ B) Decision-making analysis C) Contribution margin analysis D) Cost-benefit analysis A) Only costs relating to the decisions at hand are analyzedX‘ \ B) Both costs and revenues that stay the samgbetween alternate courses of action will d be analyzed. C) All costs and revenues, regardless if they that stay the same or differ between alternate courses of action, will be analyzed. D) Both costs and revenues that differ between alternate courses of action will be analyzed. E 3. Which of the following describes one aspect of incremental analysis? Use the following to answer questions 4-5: Red Grass Company produces high definition television sets. The following information is available for this product: Fixed cost per unit $ (90 Variable cost per unit 300 439511“? Q6043!) : Total cost per unit 490 Vt; “172'— Desired R01 per unit .1140; tuw ” D 4. The target selling price for this television is - - v A) $240. B) $400. t / C) $440. L/ D) $540. CS. Red Vs Company’s markup percentage flagella}: A) 0%. - Mala , a '.-L{’ :g’t’ér B) 40%. £09)— ‘i' 0 L723“? to; J C) 35%. a??? D) 75%. I ich. ‘ glut 9909 Version 2 Page 3 ...
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