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  3. 17. hocus pocus company has a contribution margin

17. Hocus Pocus Company has a contribution margin ratio of 40% and fixed costs of...

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Accounting

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17. Hocus Pocus Company has a contribution margin ratio of 40% and fixed costs of $50,000. If the selling price per unit is $80, how much is the break-even point in dollars? a. $100,000. b. E125,000. c. $150,000. d. $200,000. 18. Management accounting deals with what kind of information a. Quantitative. b. Qualitative. c. Both Qualitative and Quantitative. d. None of the above. 19. A budget with revenue more than expenditure in a financial year is said to be in? a. Deficit. b. Surplus. c. Equilibrium. d. Shortfall. 20. The difference between the break-even sales and the normal level of sale, measured in units or currency of sale, is known as the? a. Profit Margin. b. Margin of Safety. c. Marginal Contribution. d. Sale Margin

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