1.Contribution margin and segment mean the same thing?

2.A product line segment margin is sales minus what? variable expenses, traceable fixed expenses, variable expenses and common fixed expense, varaiable expenses and traceable fixed expenses

3. Selling and administrative expenses are considered to be a product cost under absorption costing? true or false

4. When reconciling variable costing and absorption costing net operating income, fixed manufacturing overhead costs deferred in inventory under absorption costing should be added to variable costing net operating income to arrive at the absorption costing net operating. True or false

5. The variable expense per unit is $12 and the selling price per unit is $40. Then the contribution margin ration of 70% true or false

6. If sales is $208,000 and Variable expenses=$144,000 and fixed expenses=$56,000 and net operating income=$8,000, what is the contribution margin?

7. Green company manufactures a single product and has the followiong cost structure: direct materials-$3, direct labor-$4, variable manuf overhead-$1, variable selling amd admin expenses $2, fixed manufacturing overhead-$100,000, fixed selling and admin expenses 60,000, if units produced is 25,000, what is product cost under the absorption method?

8. A company sells a product for $60 per unit. Variable costs are $36 per unit, and monthly fixed costs are $120,000. What is the breakever point in total sales dollars?

9. Net operating income reported under absorption costing will exceed net operating income reported under variable costing for a given period if what? production equals sales for that period, production exceeds sales for that period, sales exceed productions for that period, the variable manufacturing overhead exceeds the fixed manufacturing overhead