Marginal costing and costing methods

Question 1 of 10

A product sells for GH¢20 and has a variable cost of GH¢12 per unit. Its contribution/sales ratio is

Question 2 of 10

Contribution per unit is

Question 3 of 10

Fixed costs GH¢30,000; contribution per unit GH¢6; target profit GH¢12,000. Units required are

Question 4 of 10

Process costing is used where

Question 5 of 10

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

Question 6 of 10

A firm sells 5,000 units at GH¢20 each; variable cost is GH¢12 per unit and fixed costs are GH¢25,000. Its margin of safety in units is

Question 7 of 10

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

Question 8 of 10

A product sells for GH₵ 25 and its variable cost is GH₵ 15. Fixed costs are GH₵ 20,000. Find the break-even point in units.

Question 9 of 10

The contribution to sales ratio is also known as the

Question 10 of 10

Under absorption costing, if production exceeds sales, profit compared with marginal costing is