Breakeven Point and Target Income MCQs with Answers PDF Download – Test 102

MCQ 506: If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be:

1. 4500 units
2. 5500 units
3. 8500 units
4. 9500 units

MCQ 507: If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be:

1. $23,800
2. $11,200
3. $12,200
4. $13,200

MCQ 508: An estimation of relationship between two or more independent variables and the dependent variables are classified as:

1. One variable series
2. multiple regression
3. simple regression
4. Two way regression

MCQ 509: The second step for estimation of cost function by using quantitative analysis is to:

1. choose independent variable
2. choose cost estimation method
3. choose price estimation method
4. choose dependent variable

MCQ 510: In strategy formulation, the forces that must be focused for industry analysis include:

1. potential entrants in market
2. customer's bargaining power
3. supplier's bargaining power
4. all of above