NEED HELP! PLEASE ANSWER ALL WILL LEAVE A GOOD REVIEW!!!

Question 12: The formula for the contribution margin is

A. Price average variable cost, P-AVC

B. Price average fixed cost, P-AFC

C. Price average total cost, P-ATC

D. Total revenue total cost, TR-TC

Question 13: Assume an organization must invest $100,000 in fixed costs to produce a product that sells for $100 and requires $50 in variable costs to produce one unit. What is the organizations breakeven volume?

A. 1000 units

B. 1500 units

C. 2000 units

D. 2500 units

E. None of the above

Question 14: The formula for days in Accounts Receivable is:

A. Current Assets/Current Liabilities

B. (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities

C. (Cash + Marketable Securities) / ((Annual Expenses - Depreciation) / 365)

D. Accounts Receivable / (Operating Revenue / 365)

Question 15: The purpose of benchmarking is to:

A. Determine if an organization's or department's performance is bettor or worse than referent.

B. Determine if an organization's or department's performance is improving, deteriorating, or stable.

C. Provide credible improvement targets.

D. All of the above.

Question 16: The focus of an incremental budget is on

A. Control of inputs

B. Control over processes

C. Efficiency

D. Effectiveness

E. All of the above

Question 17:

Benchmarking is a one-time process to elevate an organization's performance to the industry average or level of the industry leader.

True

False

Question 18: Cost Benefit Analysis is used to determine

A. If an activity will create greater benefits than its cost.

B. The lowest cost approach to achieving a goal.

C. Whether an existing activity is running according to plan and/or achieving the desired goals.

D. Whether a capital investment will generate more revenue than its cost.

Question 19: Which of the following situations comes closest to the true meaning of cost effectiveness?

A. An activity that reduces cost or achieves a desired goal.

B. An activity that achieves a desired goal or achieves a goal and produces cost savings.

C. An activity that achieves a desired goal and produces cost savings or produces a marginal benefit that exceeds its' marginal cost.

D. An activity that produces a marginal benefit that exceeds its' marginal cost or reduces costs.

Question 22: The goal of activity-based costing is

A. Allocate costs to products

B. Trace costs to activities and activities to products

C. Produce more accurate financial statements

D. Ensure proper stewardship of resources