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uta acct 2302 test 2 QUESTIONS AND ANSWERS RATED A+ 2024/2025
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uta acct 2302 test 2 QUESTIONS AND ANSWERS RATED A+ 2024/2025
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uta acct 2302 test 2Total Variable Cost - ANSvariable fee consistent with unit of interest x volume of pastime
y = vx
Total Mixed Cost - ANSVariable Cost Component + Fixed Cost Component
y = vx + f
example: ($8 according to guest x 2,000 visitor) + $8,000 = 24,000
Variable Cost Per Unit of Activity (High-Low Method) - ANSy(excessive) - y(low) / x(high) -
x(low)
High Low Method Example - ANS($209,600 - $114,000) / (25,000 guest - thirteen,250 visitor) =
$8
Operating Income Equation - ANS(sale charge per unit x Unit bought) -(variable fee x unit
offered) -constant value
Sales in gadgets - ANSFixed cost + operating earnings / CM per unit ($)
goal costing - ANSrevenue at market fee - preferred earnings = target general price
Sales in Dollars - ANSFixed expense + operating income / CM ratio (%)
cost-plus pricing - ANStotal value + desired earnings
margin of protection units - ANSexpected (or actual) sales in gadgets - Breakeven income in
devices
8,000-2,500= 5500 gadgets
Margin of Safety Percentage - ANSmargin of protection /predicted (or real) sales
five,500 pairs/ 8,000pairs = 68.Seventy five%
Margin of Safety in Dollars - ANSexpected income in dollars - breakeven income in bucks
(eight,000x10) -(2,500x10) = fifty five,000
operating leverage component - ANSCM/ running income
32,000/22,000= 1.45
contribution margin (CM) - ANSnumber of product unit x charge consistent with unit
or
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