38. Which of the following is defined as the ratio of fixed expenses to the unit contribution margin?

Multiple Choice

• Contribution margin ratio.

• Break-even point in unit sales.

• Margin of safety.

• Profit margin.

45. A sunk cost is a cost that has already been incurred and cannot be avoided regardless of what action is chosen. True or False

47. Which of the following costs/expenses is included in product costs under both absorption costing and variable costing?

Multiple Choice

• Variable manufacturing costs.

• Office equipment depreciation.

50. The materials requisition form is a document that specifies the type and quantity of materials to be drawn from the storeroom and identifies the job to which the costs of the materials are to be charged. True or False

• Variable selling expenses.

• Supervisory salaries.