A306 EXAM 1 SOLVED CORRECTLY TO
PASS!!
1 of 42
Definition
Revenues
-Product Costs
=Gross Margin
-Period Costs
=NOI
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Contribution Margin Statement Balance Sheet Reports
, Traditional GAAP Income
ABC Statement
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2 of 42
Definition
Non-manufacturing costs
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Inventoriable Costs Period Costs
Product Costs Selling Costs
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3 of 42
Definition
how much "cushion" does the company have before it will
suffer a loss, expressed in $, units or as %
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, Margin of safety Cost of sales
Gross margin Gross profit margin
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4 of 42
Definition
incremental, avoidable, differ between options
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product costs opportunity cost
differential cost/revenues direct cost
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5 of 42
Definition
(actual or budgeted sales - break even sales)/actual or
budgeted sales
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PASS!!
1 of 42
Definition
Revenues
-Product Costs
=Gross Margin
-Period Costs
=NOI
Give this one a try later!
Contribution Margin Statement Balance Sheet Reports
, Traditional GAAP Income
ABC Statement
Don't know?
2 of 42
Definition
Non-manufacturing costs
Give this one a try later!
Inventoriable Costs Period Costs
Product Costs Selling Costs
Don't know?
3 of 42
Definition
how much "cushion" does the company have before it will
suffer a loss, expressed in $, units or as %
Give this one a try later!
, Margin of safety Cost of sales
Gross margin Gross profit margin
Don't know?
4 of 42
Definition
incremental, avoidable, differ between options
Give this one a try later!
product costs opportunity cost
differential cost/revenues direct cost
Don't know?
5 of 42
Definition
(actual or budgeted sales - break even sales)/actual or
budgeted sales
Give this one a try later!
