Question 6

You are the chief financial officer at your company. You see many numbers. Which one would you be most likely be pleased to see increase?

Group of answer choices

price

contribution margin

fixed cost

variable cost

____________

Question 7

What three costs compose total manufacturing costs?

Group of answer choices

period costs, budgeted costs, overhead

direct materials, fixed costs, period costs

direct materials, direct labor, overshead

sales costs, administrative costs, variances

____________

Question 8

An increase in total contribution margin goes directly to

Group of answer choices

profit

cogs

expenses

cogm

_____________

Question 9

From your materials inventory, you move $100 of glue to production. The accounting entry would include

Group of answer choices

a debit to overhear

a credit to overhead

a debit to materials

a debit to WIP

_____________

Question 10

Examine the following data for the month of March

Beginning inventory 100

COGM 200

Ending Inventory 50

What is the cost of goods sold?

Group of answer choices

150

250

300

100