Please define and give formula of the following (if there is any): 1. Absorption costing 2. Activity bases (drivers) 3. Break-even point

Q: In deciding which product lines to emphasize when a production constraint exists, the company should…

A:

Q: a) Classify each cost as either variable or fixed with respect to the number of units produced and…

A: Variable costs are those costs which varies with output. It must be noted here that variable cost…

Q: Margin of safety is computed as Select one: O a. Contribution margin - Fixed costs O b. Breakeven…

A: Margin Of Safety is the difference between Break Even Sales and Actual Sales

Q: The margin of safety is equal to:

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: The High- low method is used for? A. Profit planning B. Splitting mixed cost into fixed cost and…

A: A mixed cost contains a fixed portion of cost incurred even when the facility is idle, and a…

Q: On the cost-volume-profit graph, the area between the total cost line and the sales line before the…

A: on the cost volume profit graph, the area between the total costline and the sales line before the…

Q: Obtain and study a CVP graph and answer the next multiple choice 22. Select the correct statement…

A: Cost-Volume-Profit analysis: Cost-Volume-Profit (CVP) analysis is a managerial accounting technique…

Q: On a CVP graph, the intersection of the sales revenue line and the total cost line is known as the:…

A: The Break-even point indicates that total units are to be sold by the business entity to recover its…

Q: Matching Following are a number of key terms and concepts introduced in thechapter, along with a…

A: Cost Accounting is a form of managerial accounting in which all the costs whether variable or fixed…

Q: To calculate the sales dollars necessary to achieved a desired profit level, the sum of fixed costs…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: Required a) Björn is having some trouble crunching the numbers and has asked for your help…

A: 1. There are four ethical standards of professional conduct as developed by the Institute of…

Q: Select the correct statement concerning the cost-volume-profit graph at right: a. The point…

A: BEP: (Break-even point) It is the number of units that are sold that could result in a situation of…

Q: a difference in cost-plus pricing and target costing is that target costing starts with the price…

A: Target costing says that first target selling price is calculated, then markup is deducted from…

Q: Contribution margin is a. another term for volume in the "cost-volume-profit" analysis b. the same…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: For the contribution margin analysis, select a price for each service. Determine the variable cost…

A: Target profit is a profit that the company wishes to obtain by changing certain variables like sales…

Q: On the cost- volume -profit graph , the area between the total cost line and the sales line before…

A: Cost-volume-profit graph represents the sales line, total cost line, variable cost, fixed costs and…

Q: In response to a request from your immediate supervisor, you have prepared a CVP graphportraying the…

A: Cost-volume profit graph: Cost-volume profit graph is a graphical representation of sales, cost and…

Q: Contribution margin divided by Income is the: Muftiple Chalce 11 Contribution margin ratio. Margin…

A: contribution margin is calculated by = contribution /sales. This ratio help the companies to…

Q: Identify the formula that computes the degree of operating leverage (DOL).

A: The degree of operating leverage (DOL) measures how much the operating income of a company will…

Q: When using the total cost concept of applying the cost-plus approach to product pricing, what is…

A: Answer In total cost concept  of applying  cost plus approach  of product pricing , the total cost…

Q: he mathematical equation for computing required sales to obtain target net income is: Required Sales…

A: Introduction:- One of the most uses of CVP analysis is the determination of the sales required to…

Q: Employee training is an example of discretionary fixed costs. Select one: True False

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

Q: On a CVP graph, the intersection of the sales revenue line and the total cost line is known as the:…

A: CVP stands for Cost-Volume-Profit analysis. It is helpful in determining the change in the total…

Q: In deciding which product lines to emphasize when a production constraint exists, the company should…

A: Constraint: Constraint is a factor that limits the production of a product or sale of a product.

Q: Break-even analysis attempts to determine the volume of sales necessary for a manufacturer to cover…

A: Break-even point: The point of sales where the situation of No Profit No Loss comes is called…

Q: hich of the following statements related to CVP chart is not true? To determine the variable cost…

A: This option is not true :- E. The intercept between the total cost line on a graph and the y axis…

Q: Analyse the diagram and following inter related concepts of break-even analysis. A. Break-even point…

A: Break Even Analysis: It is  the point  where  total cost is equal to  revenue  and It  determine the…

Q: On the cost-volume-profit graph, the area between the total cost line and the sales line after the…

A: CVP analysis helps in determining the effect of variation in the costs on the profitability of an…

Q: On the cost-volume-profit graph, the area between the total cost line and the sales line before the…

A: This is part of break-even analysis.

Q: Based on below, Activity-Based Costing and Analysis Cost Behavior and Cost-Volume-Profit Analysis…

A: Under cost-profit volume analysis, the break-even point is that level of production where the…

Q: Margin of safety ratio is computed by dividing excess of actual or budgeted sales from break- even…

A: Margin of safety ratio = Profit ratio / Contribution margin ratio

Q: Complete the table below. Units Fixed costs ($) Variable costs ($) Total costs ($) Sales revenue ($)…

A: The first question is answered for you. Please resubmit specifying the question number you want…

Q: 1- What potential problems should be avoided in relevant-cost analysis?

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

Q: On a CVP graph for a profitable company, the total revenue (sales) line will be steeper than the…

A: The graphical representation of the cost-volume benefit analysis is a cost volume profit graph, also…

Q: Which of the following is the format of the income statement that is MOST useful in decision-making?…

A: The contribution margin format of income statement classify the costs into fixed and variable. The…

Q: Based on the image below for a manufacturing company, the correct statement is A. line b graphs…

A:

Q: The graphs below represent cost behavior patterns that might occur in acompany's cost structure. The…

A: Cost behavior: Cost behavior is that the relationship between cost and activity and it's relevant to…

Q: The contribution-margin ratio is:  Select one: a. unit contribution margin divided by the selling…

A: The contribution margin ratio is the % of the sales revenue which is remaining after substracting…

Q: Define the term break-even point. What is the variable cost ratio? The contribution margin ratio?…

A: 1. Break-even point: It is a point where the total costs and the total sales of a company are said…

Q: Contribution margin dividect by Income is the: Multiple Choice Contribution margin ratio. Margin of…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: In a cost-volume-profit (CVP) graph, the intersection of the total sales line and the total expense…

A: The intersection of total sales line and total expense line means, Total sales = Total expense

Q: If total costs remain the same, the smaller the proportion of fixed costs in a firm's cost structure…

A: Under Marginal costing (variable costing) contribution percentage or contribution per unit of…

Q: Break-even analysis attempts to determine the volume of sales necessary for a manufacturer to cover…

A: Variable costs are those costs that change with the change in the activity level. On the other hand,…

Q: If the units produced and unit sales are equal, which method would you expect to show the highernet…

A: Absorption costing:   Absorption costing is compulsory under Generally Accepted Accounting…

Q: Contribution Margin, Cost-Volume-Profit Analysis and Break-Even Point (Overview) Fixed, Variable…

A: -Variable cost refers to an expenditure that varies in gross dollar value as the degree of…

Q: Which of the following expressions can be used to calculate brcak-even sales revenue with the…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…