Revenues Costs: Variable cost of goods sold Variable selling and administrative expenses

Q: Contribution margin per unit is the amount by which a products unit selling price exceeds its…

A: Contribution margin:- Contribution margin Indicates how much money is left after variable costs are…

Q: Total cost + Profit:____   O a. Selling price   O b. Cost of goods sold   O c. Selling and…

A: The selling price has two components total cost and profit marked upon cost.

Q: The amount of a unit’s sales price that helps to cover fixed expenses is its ________.A.…

A: There are two type of costs being incurred in business. One is fixed costs and other is variable…

Q: Total _____ costs remain unchanged when activity changes.     Fixed cost     Variable cost…

A: Cost: It refers to the aggregated amount that is spent on manufacturing a product.

Q: Revenue minus all direct costing of making the goods or supplying the service is known as? a. Gross…

A: All the direct costs to make the goods constitutes the cost of goods sold.

Q: Net Sales Revenue: Variable Cost of Goods Sold: Fixed Cost of Goods Sold: Variable Selling and…

A: Absorption costing considers all costs of manufacturing as product costs irrespective of the nature…

Q: Gross profit will result if: Choose operating expenses are less than net income naging inven sales…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Product costs are ordinarily found in the traditional Income Statement's Operating Expenses whereas…

A: Product costs are those costs which are incurred on specific products like material cost, labour…

Q: The variable cost ratio is calculated as: а. The selling price per unit ratio / variable cost per…

A: Variable cost = Variable manufacturing cost + Variable selling and administrative cost

Q: Prepare an analysis of the sales quantity and unit price factors  did the price decrease generate…

A: Sales quantity factor = (Actual Quantity - planned Quantity) * Planned Sales Price Sales quantity…

Q: Which of the following statements is true? Multiple Choice Product costs and variable costs are…

A: Product cost means the cost which are incurred to create a product that is intended for sale to the…

Q: Describe the difference between the units sold approach to cvp analysis and the sales revenue…

A: Sales can be defined as the source of earning to the business entity out of the sale of inventory…

Q: Calculation of profit change from changes in sales price, sales volume, variable costs, or fixed…

A: This question deals with profit change from changes in sales price, sales volume, variable costs, or…

Q: Sales commissions incurred based on units of product sold during a given period is an example of a…

A: The product costs are the cost that are incurred to produce a product directly or indirectly.

Q: ow much is the total net revenue? ow much is the total net profit from the operation ow much is the…

A: As per rule, allowed to answer one question and post the remaining in the next submission.

Q: Which of the following is NOT true regarding an income statement organized according to the…

A: An income statement is a financial statement that tracks both corporate revenue and expenses over a…

Q: Throughput margin is equal to revenues minus direct materials and direct labor of the cost of goods…

A: Throughput margin = sales revenue - material cost .

Q: Net income under Variable costing Method

A: Solution:- Calculation of Income under Variable costing method as follows:- Note:- Calculation of…

Q: Contribution is the difference between sales and the marginal (variable) cost of sales

A: Contribution = Sales - Variable cost

Q: Help question 10

A: Contribution margin: contribution margin is calculated by deducting variable expenses from sales…

Q: The dollar amount of sales needed to achieve a target operating income is computed by…

A: The contribution margin is calculated as excess of sales revenue over variable expenses.

Q: Under variable costing, which of the following costs are assigned to inventory?  Variable Selling &…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1. Variable costing enables more efficient: * Cost-volume-profit (CVP) analysis. External reporting.…

A: Variable costing is also written as marginal costing. It is developed from the concept marginal cost…

Q: Sales commissions incurred based on units of product sold during a given period is an example of a…

A: Please check the step 2

Q: Cost-volume-profit analysis (CVP Analysis) requires management to classify all costs as either…

A: Cost volume profit analysis (CVP Analysis) helps the business entity in determining the impact on…

Q: The revenue from the by-product is credited to the sales account. Process costs are apportioned in a…

A: Joint product: Joint product refers to those products that are produced by using single production…

Q: East Coast West Coast Sales V Variable cost of goods sold v Manufacturing margin v Variable selling…

A: Contribution means sales minus varibale cost and when we divide contribution with sale , we get…

Q: Variable costing net operating income is usually closer to the net cash flow of a period than is…

A: Variable costing:   It is a costing method that includes only variable cost in the product cost. It…

Q: ?Which of the following does not represent a cost-volume-profit analysis equation Sales + fixed…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: Contribution margin is it Sales less cost of goods sold or Sales less all variable and fixed…

A: First of all: Sales less Cost of goods sold will give us the gross profit earned from sales. Sales…

Q: Contribution margin is sales less Star

A: Variable cost can be defined as the cost which is incurred on the production of goods. The value of…

Q: Gross profit variance analysis can be used to study the effect of:" Changes in cost of goods sold on…

A: Gross profit variance refers to the variance that occurred to the amount of gross profit from the…

Q: Sales Less: Cost of goods so Fixed overhead cos Variable production Cost of goods sold Gross margin…

A: The question is based on the concept of Cost Accounting.

Q: A cost - based transfer price considers the cost of producing the goods when determining the price.…

A: At the time of determining the prices of the goods, the cost of goods-producing is required to be…

Q: The difference between total sales in dollars and total variable expenses is called: a. net profit…

A: Contribution Margin Contribution Margin is the amount of revenue remaining  after variable costs to…

Q: Multiple Choice) A multi-step income statement ________. A. separates cost of goods sold from…

A: In multi step income statement the operating results are separately shown.It doesn't consider…

Q: . Which of the following is TRUE about contribution margin? Select one: A. The amount remaining…

A: 1. Which of the following is TRUE about contribution margin? Select one: A. The amount remaining…

Q: The variable cost ratio represents  The proportion of variable costs in relation to net income The…

A: Solution : The variable cost ratio represents  Correct answer is Option 3 . The proportion of…

Q: The measure that reflects an organization's variable and fixed cost relationship and indicates how a…

A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…

Q: Gross profit variance analysis can be used to study the effect of:  a. Changes in volume of goods…

A: Gross profit variance analysis is referred as the measurement tool used to measure the capability of…

Q: Unit contribution margin is the amount that each unit sold contributes towards the recovery of fixed…

A: Hi student  Since there are multiple questions, we will answer only first question.

Q: Gross profit variance analysis can be used to study the effect of:    a. Changes in cost of goods…

A: Gross profit is the gross income/revenue left after deducting the cost of goods sold from the net…

Q: Compute the gross margin for FIFO method and LIF0 method. FIFO: LIFO: Sales revenue Less: Cost of…

A: Sales revenue has to be calculated by multiplying units sold (785 units) to the retail rate…

Q: Which of the following statements correctly complete the sentence: "Gross Margin equals": I.…

A: Sales revenue less cost of goods  manufactured  is wrong because  as per accrual concept, equivalent…

Q: What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and…

A: Definition:  Cost-volume profit analysis: CVP analysis is a tool of cost accounting that measures…

Q: Which of the following does not represent a cost -volume -profit analysis equation a. Sales = totale…

A: lets assume , Sales = 1000 less Variable cost = 200 Contribution = 800 less - Fixed cost = 100…