1. The selling price per unit for a product is $30ut and its variable cost per unit is $20, what is its contribution per unit?

A) $50

B) $23

C) equal to the margin of safety

D) $20

2. The total equivalent units of production cost is $18.25 per unit. How much is the cost of goods sold if 40,000 units were sold for $25 per unit?

A) $270,000

B).$18.25

C) $730,000

D) units that would have been produced if all cost expended during an accounting period had been used to be produce finish goods only.

3.A method to apply manufacturing overhead and nonmanufacturing overhead more accurately is.

A) Full absorption costing.

B) Variable Costing.

C) Meets GAAP standards.

D) Cannot be used for public reporting.

4. Standard cost are used primarily for:

A. Estimating future costs.

B. To produce financial statements for external users.

C. To judge the performance of accounting managers.

D. To judge the performance of managers involved in the manufacturing

process.