5D

Question 1

Breakeven Sales Dollars

Answer 1

Fixed Cost / ((Price - VC/Price))……..Price-vc/price is CM

Question 2

Break Even Units

Answer 2

FC / (Price - VC)

Question 3

Contribution Margin

Answer 3

(Price - VC / Price)

Question 4

Number of units required to generate X profit

Answer 4

(Fixed Cost + Net Income) / (Price - VC)

Question 5

Number of sales required to generate X profit

Answer 5

(Fixed cost + Net Income ) / ((Price - VC)/Price))

Question 6

Regression analysis

Answer 6

y=mx + b

Question 7

Margin of Safety

Answer 7

Current sales (or budgeted sales) Break Even Sales

Question 8

Total Cost Savings

Answer 8

Total Savings - Investment

Question 9

Expected Value

Answer 9

Sales * Probability

Question 10

Cash Flow Cycle

Answer 10

Age of Inventory + Age of AR - Age of AP

Question 11

Achieve X% return on sales

Answer 11

Sales - FC - VC = NI

NI will be the X% … Sales will be the same variable as NI

Question 12

Selling Price Variance

Answer 12

Quantity Sold x (Sell Price - Estimated Price)

Question 13

Opportunity Cost

Answer 13

Amount lost

Question 14

Ending Inventory

Answer 14

Production Cost + Beginning Inventory - COGS

Question 15

Calculate Purchase

Answer 15

Sales + Desired Ending Inventory - Beg Inventory

Question 16

Variable Rate per Order – HIGH LOW METHOD

Answer 16

(Highest Amt in cost - lowest amt in cost) / (highest number of orders - lowest number of orders)

Question 17

Variable Cost

Answer 17

BE Sales - FC

Question 18

Variable Cost Rate

Answer 18

VC / BE Sales

Question 19

Projected Profit

Answer 19

Sales - VC - FC