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Inventory Costing: Manufacturing Companies Quiz

MCQ: If the change in variable costing in operating income is \$9000 and contribution margin per unit is \$6000, then change in sold units would be

1. \$2.5 per unit
2. \$1.5 per unit
3. \$3.5 per unit
4. \$5.5 per unit

B

Production Volume Variance Quiz

MCQ: In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as

1. lump sum price amount
2. lump sum fixed cost
3. lump sum variable cost
4. lump sum manufacturing cost

B

Operation Costing Quiz

MCQ: The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

1. incremental costing system
2. split off costing system
3. inventoriable costing system
4. operation costing system

D

Estimating Cost Functions Quiz

MCQ: To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon

1. units of labor
2. unit of production
3. time horizon
4. units of inventory

C

CVP Analysis Quiz

MCQ: In manufacturing companies, the revenue and cost drivers are categorized under

1. variable costs
2. costs of goods sold
3. number of units sold
4. all of above

C