Exam 9: Relevant Costs Marginal Costing, and Short-Term Decision Making
Exam 1: Introduction, and the Statement of Financial Position12 Questions
Exam 2: The Statement of Profit or Loss9 Questions
Exam 3: Double-Entry Bookkeeping 1: Debits, Credits, T-Accounts, the Trial Balance, and the Financial Statements6 Questions
Exam 4: Double-Entry Bookkeeping 2: Books of Prime Entry, Accounting Systems, and the Statement of Cash Flows10 Questions
Exam 5: Ratio Analysis 1: Profitability, Eef ficiency, and Performance, and the Financing of Business8 Questions
Exam 6: Ratio Analysis 2: Liquidity, Working Capital, and Long-Term Financial Stability23 Questions
Exam 7: Cost and Management Accounting in Context20 Questions
Exam 8: Product Costing: Absorption Costing12 Questions
Exam 9: Relevant Costs Marginal Costing, and Short-Term Decision Making6 Questions
Exam 10: Standard Costing and Variance Analysis7 Questions
Exam 11: Process Costing44 Questions
Exam 12: Capital Investment Appraisal, and Corporate Governance and Sustainability9 Questions
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DTT makes one product. Annual sales of this product are 5,000 units and the margin of safety is 2,000 units. Total annual fixed costs are £150,000 and the variable cost per unit of production is £35. What is the selling price of each unit of product?
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(Multiple Choice)
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Correct Answer:
C
Which of the following costing techniques employ knowledge of break-even point in their calculations?
Please select all that apply.
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(Multiple Choice)
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Correct Answer:
A, B, C
Which of the following are irrelevant costs in short term decision making? Please select all that apply.
(Multiple Choice)
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XYZ makes one product which it sells for £100 per unit. Annual sales are 4,000 units. Break-even point is 2,000 units and total annual fixed costs are £120,000. What is the variable cost per unit of production and sales?
(Multiple Choice)
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