Cost-Volume-Profit Analysis

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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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