6 Questions
What is the profit made by Company B if it records a margin of safety of 8,000 units, selling price per unit of GHS20, and variable cost per unit of GHS13?
GHS56,000
What is the profit of a company with a contribution to sales ratio of 40%, fixed costs of GHS50,000, and sales of GHS400,000?
GHS110,000
Given a contribution per unit of GHS12, budgeted sales of 20,000 units, and breakeven output of 12,000 units, what is the profit?
GHS96,000
If the total set-up cost for producing bread is GHS36,000 and the company requires 200 labor hours for wheat bread, 300 labor hours for butter bread, and 500 labor hours for sugar bread, how much set-up cost should be allocated to wheat bread using activity-based costing?
GHS18,000
Given a company required 3 set-ups for wheat bread, 5 set-ups for butter bread, and 2 set-ups for sugar bread, how much set-up cost should be allocated to sugar bread?
GHS12,000
What is the profit if a company has a contribution margin of 30%, fixed costs of GHS70,000, and sales of GHS300,000?
GHS90,000
Practice your knowledge of management accounting with this mid-semester examination set from the University of Professional Studies, Accra. Test your understanding of concepts such as margin of safety, selling price, variable costs, and calculating profits.
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