Cost Management and Pricing Decisions MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Management and Pricing Decisions, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Management and Pricing Decisions MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Cost Management and Pricing Decisions mcq questions that explore various aspects of Cost Management and Pricing Decisions problems. Each MCQ is crafted to challenge your understanding of Cost Management and Pricing Decisions principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Cost Management and Pricing Decisions MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Cost Management and Pricing Decisions. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Cost Management and Pricing Decisions knowledge to the test? Let's get started with our carefully curated MCQs!

Cost Management and Pricing Decisions MCQs | Page 7 of 15

Q61.
If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be
Discuss
Answer: (b).$28,000
Q62.
If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be
Discuss
Answer: (c).$250,000
Q63.
The quantity of manufactured goods are sold at which the total cost equal, is known as
Discuss
Answer: (a).breakeven point
Q64.
In manufacturing companies, the revenue and cost drivers are categorized under
Discuss
Answer: (c).number of units sold
Q65.
If the selling price is $2000 and the contribution margin per unit is $800, then the contribution margin percentage would be
Discuss
Answer: (a).$14,000
Q66.
The contribution margin per unit is divided by selling price to calculate
Discuss
Answer: (b).contribution margin percentage
Q67.
If the fixed cost is $40000 and the contribution margin per unit is $800 per unit, then the breakeven of units will be
Discuss
Answer: (c).50 units
Q68.
The selling price is multiplied to quantity of sold units to calculate
Discuss
Answer: (a).revenues
Q69.
In a relevant range, the variable cost per unit, selling price and total fixed costs are
Discuss
Answer: (d).known and constant
Q70.
If the fixed cost is $30000 and the contribution margin per unit is $600 per unit, then the breakeven in units will be
Discuss
Answer: (a).50 units