Tag: Financial Accounting Mcqs

(A) Indirect costing
(B) Direct costing
(C) Variable costing
(D) Both (b) and (c)

(A) Fixed expenses and the contribution margin ratio
(B) Variable expenses and the contribution margin ratio
(C) Fixed expenses and the unit contribution margin
(D) Variable expenses and the unit contribution margin

(A) Total sales revenue equals total expenses (variable and fixed)
(B) Total contribution margin equals total fixed expenses
(C) Total sales revenue equals to variable expenses only
(D) Both a & b

(A) (Sales – Fixed Expenses)/Sales
(B) (Sales – Variable Expenses)/Sales
(C) (Sales – Total Expenses)/Sales
(D) None of the given options

(A) The excess of budgeted or actual sales over budgeted or actual variable expenses
(B) The excess of budgeted or actual sales over budgeted or actual fixed expenses
(C) The excess of budgeted sales over the break-even volume of sales
(D) The excess of budgeted net income over actual net income

(A) Net profit ratio
(B) Gross profit ratio
(C) Inventory turnover ratio
(D) Inventory holding period

(A) Add back, subtracted
(B) Subtracted, add back
(C) Add back, add back
(D) Subtracted, subtracted

(A) Cost center
(B) Investment center
(C) Revenue center
(D) Profit center