CVP Analysis computation; fill in the blank for each of the following independent cases.

Case	Unit selling price	Unit variable cost	Number of units sold (Q)	Total contribution margin	Total fixed costs	Operating Income
1	150	?	24,000	1,728,000	1,500,000	?

CVP Analysis computation; fill in the blank for each of the following independent cases.

Case	Revenues	Variable Cost	Fixed Cost	Total Costs	Operating Income /(loss)	Contribution Margin percentage
1	$6,000	?	$700	?	$1,660	?

Classify each of the following as being usually fixed (F), variable (V)

(a) Direct labour

(b) Depreciation of machinery

(c) Factory rental

(d) Advertising

(e) Factory manager's salary

(f) Supervisory personnel

(g) Royalty payments

(h) Insurance

(i) Direct Materials

(j) Electricity Bill

True/False:

1. Manufacturing overhead is an indirect cost with respect to units of product.

2. Rent on a factory building used in the production process would be classified as a period cost.

3. In Management Accounting, variable cost per unit is considered to be affected by changes in activity within the relevant range under consideration.

4. Fixed costs expressed on a per unit basis vary inversely with changes in volume.

5. Management accounting places greater emphasis on the future than financial accounting, which is primarily concerned with the past.