51.

If materials cost $2,500 to make 75 units, labor cost $5,000 to make 150 units, and machine time cost $3,000 to make 100 units, how much do you need to sell the units for to make a profit?

• $7.50
• $96.66
• $64.15
• $32.31

Skipped

52.

Separating business accounts from personal accounts is which accounting principle?

• Rule of entities
• Going concern
• Rule of conservatism
• Rule of law

Skipped

53.

Which of the following departments is a cost center?

• Direct sales
• Manufacturing
• Finance
• Global marketing

Skipped

54.

Mary created a production budget that shows that the manufactured assets are $25,000 with corresponding item liabilities of $27,000. How do we know that Mary did the production budget incorrectly?

• Production budgets' assets must be equal to liabilities
• Production budgets do not have currency
• Production budgets' liabilities must be less than the assets
• All of these are true

Skipped

55.

Which of the following is an assumption on CVP analysis?

• The sales mix will not change
• Volume does not impact the cost
• Costs are always variable
• Cost behaved differently within the relevant range