Question
Q1. Based on this information, the firm's profit for the year margin is: Sales $250,000 Cost of sales $ 100,000 Expenses $ 40,000 Taxation $
Q1. Based on this information, the firm's profit for the year margin is:
Sales $250,000
Cost of sales $ 100,000
Expenses $ 40,000
Taxation $ 22,000
A 35.2%
B 44.0%
C 56.0%
D 60.0% (1 mark)
Q3 . Last month a business sold 10,000 units priced at 10 per unit. Variable costs per unit
were 2 and monthly fixed costs were 2,000. What was the total contribution?
A 16,000
B 22,000
C 80,000
D 100,000
Q4 . Using the information below, identify the profit variance
A 40,000 favourable
B 60,000 favourable
C 100,000 favourable
D 160,000 favourable (1 mark)
05. A business sources cheaper supplies reducing the variable cost per unit. What happens
if the business also increases the selling price per unit?
A Contribution per unit increases and the break-even point reduces
B Contribution per unit increases and the break-even point increases
C Contribution per unit reduces and the break-even point increases
D Contribution per unit reduces and the break-even point reduces (1 mark)
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