10 Questions
What is the contribution margin per unit for Franscioso Company's product?
$15
What is the total variable cost for Dr. Charles Hunter's 200 procedures?
$90,000
What is the total contribution margin for Franscioso Company if they sell 5,000 units?
$95,000
What is the breakeven point in units for Franscioso Company, considering the fixed costs are $110,000 and the contribution margin per unit is $20?
5,500 units
What is the budgeted operating income for Dr. Charles Hunter if he performs 250 procedures in a month?
$125,000
In the Circular-Flow Diagram model of the economy, which decision makers are included?
Firms and households
What are the factors of production in the Circular-Flow Diagram model?
Labor, land, and capital
What does the Production Possibilities Frontier graph show?
Combinations of output that the economy can possibly produce given the available factors of production and production technology
What are the two goods considered in the Production Possibilities Frontier model?
Pizza and sugar
Who owns the factors of production in the Circular-Flow Diagram model?
Households
Test your knowledge of cost-volume-profit analysis with this quiz on calculating contribution margin. Practice applying the formula to determine the contribution margin per unit and sharpen your understanding of revenue and costs.
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