Question
1. The dollar amount from each sale that can contribute to paying fixed costs. contribution margin break-even point margin of safety fixed cost ration 2.
1.
The dollar amount from each sale that can contribute to paying fixed costs.
contribution margin | ||
break-even point | ||
margin of safety | ||
fixed cost ration |
2.
If a salesman gets 3% commission on every sale, this would be considered a
mixed cost | ||
constant cost | ||
fixed cost | ||
Variable cost |
3.
If estimated overhead is $200000 and the cost driver is 250 set ups, what would be the activity rate to apply overhead?
$8000 pre set up | ||
$800 per set up | ||
00125 per set up | ||
$880 per set up |
4.
Activity that causes overhead costs to be incurred
cost driver | ||
contribution margin | ||
direct labor | ||
direct materials |
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