|Break-even Point and Cost Estimation #1||Open||
|Break-even Point and Cost Estimation #2||Open|
1) When using one of the techniques for analyzing a mixed cost, it is important to prepare a scatter- ______ of all of the observations to be certain that the data does not contain an outlier.
2) The coefficient of _______________, represented by r2, indicates the percentage change in the dependent variable (e.g. total cost in the shipping department) that is explained by the change in the independent variable (e.g. the number of parcels shipped).
3) The break-even point in sales dollars can be found by dividing the fixed costs and expenses by the contribution margin _______ or percentage.
4) Make or buy decisions usually rely on cost behavior in the ________-run.
5) A high degree of correlation does not guarantee that there is a _________-and-effect relationship between the independent and dependent variables.
6) A company has one product with a selling price of $20 and variable costs and expenses of $8 per unit. The fixed costs and expenses are $32,000 and the company has a target profit of $28,000. To reach the target profit, the company must sell ________ thousand units of the product.
7) A product sells for $20 and it has variable costs and expenses of $8 per unit. The contribution margin ratio for this product is ________ percent.
8) A product sells for $30 and has variable costs and expenses of $18 per unit. The fixed costs and expenses are $20,000. The break-even point in sales dollars is _________ thousand dollars.
9) Total fixed costs and expenses divided by the contribution margin per unit gives you the break-even point in ________.
10) The number of independent variables in multiple regression is ______ or more.
The most unique and effective way to learn accounting – over 1,500 testimonials.