Marginal costing and costing methods

Question 1 of 10

Job costing is suitable for

Question 2 of 10

The contribution to sales ratio is also known as the

Question 3 of 10

The costing method used where production passes through a series of continuous stages, as in oil refining, is

Question 4 of 10

Batch costing is used where

Question 5 of 10

The margin of safety is

Question 6 of 10

Fixed costs are GH¢20,000 and the contribution-to-sales ratio is 40%. What sales revenue is needed to break even?

Question 7 of 10

Required profit GH¢16,000; fixed costs GH¢24,000; contribution per unit GH¢10. Units needed are

Question 8 of 10

Selling price GH¢20, variable cost GH¢12, fixed costs GH¢16,000. Break-even point is

Question 9 of 10

Contribution is

Question 10 of 10

In process costing, a loss expected under normal conditions is