Contribution margin is: the excess of sales revenue over variable cost another t

Question

Contribution margin is: the excess of sales revenue over variable cost another term for volume in the "cost-volume-profit" analysis the excess of sales revenue over cost of goods sold variable costs less fixed costs If fixed costs are $250,000, the unit selling price is $125, and the break-even sales (Round to nearest whole unit.)? Cannot be calculated with the above information. 2,381 units 3,245 units 4,808 units The relative distribution of sales among various products sold is budget mix joint product mix profit mix sales mix A series of budgets for varying rates of activity is termed as flexible budget variable budget master budget serial budget The standard cost of a product is computed by multiple Standard Price per unit times the Actual Quantity Actual Price per unit times the Standard Quantity Actual Price per unit times the Actual Quantity Standard Price per unit times the Standard Quantity A favorable cost variance occurs when Management is pleased with performance Standard costs are more than actual costs. Standard costs are less than actual costs. None of the above.

Explanation / Answer

8. A .contribution = sales - variable cost

9. A , as information is not complete, breakeven units = fixed cost /contribution per unit

10. d. Sales mix

11 .a flexible budget

12..d. standard price × standard quantity.

13. C . Standard - actual

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