2-Which type of company has the highest percentage of labour costs?
A. Wholesale company
B.Service company
C.Merchandising company
3-Vango Industries sells two products, Basic models and Deluxe models. Basic models sell for $40 per unit with variable costs of $30 per unit. Deluxe models sell for $48 per unit with variable costs of $40 per unit. Total fixed costs for the company are $76,000. Vango Industries typically sells three Basic models for every Deluxe model. What is the
break−even point in total units?
A.13,818 units
B.4,000 units
C.8,000 units
D.6,909 units
D.Manufacturing company
4-Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost?
A.Fixed cost
B.Mixed cost
C.Conversion cost
D.Variable cost
5-The lost profits from lost customers are an example of
A.appraisal costs.
B.prevention costs.
C.internal failure costs.
D.external failure costs.
6-Which of these documents is used to accumulate the costs of a job?
A.Materials inventory requisition form
B.Labour time record
C.Bill of materials
D.Job cost record
-Just the correct answers (Letters), without any
explanation at all, many thanks
-Please just answer if you're sure about the answers
Question 2
Answer : B.Service company
Question 3
Answer : C.8,000 units
Basic ($) | Deluxe ($) | |||
Sales | 40 | 48 | ||
Less ;Variable cost | 30 | 40 | ||
Contribution | 10 | 8 | ||
Weightage | 3 | 1 | ||
Contriution with Weight | 30 | 8 | ||
Weighted Average | = | 30+8/4 | ||
contribution | ||||
= | 38/4 | |||
Weighted contribution | = | 9.5 | ||
Break Even sales | = | Fixed cost / Contribution | ||
in units | = | 76000/9.5 | ||
= | 8000 | Units |
Question 4
Answer : B.Mixed cost
Question 5
Answer : D.external failure costs.
Question 6
Answer : D.Job cost record
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