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How can the concept of a composite unit be used to explain why an unfavorable total sales-mix variance of contribution margin occurs?

18. The Billing rate/Labor costs ratio is a billing multiple and can be used to evaluate relative desired revenue to labor costs. O True False

Q-g Compare and contrast the two different methods of computing breakeven units. Does the use of the contribution margin alter the resulting number of breakeven units? Why or why not?

Explain why a favorable sales-quantity variance occurs.

From the standpoint of cost control, why is the FIFO method superior to the weighted-averagemethod? Is it possible to monitor cost trends using the weighted-average method?

Which of the following is NOT a use of CVP (Cost-Volume-Profit) analysis? a.what is the impact on the break-even point of an increase or decrease in fixed costs b.how many units must be sold to break even c.the identification of price and efficiency variances d.the ability to conduct sensitivity analysis of cost or price changes

Which of the following is a correct definition of the margin of safety? The excess of contribution margin over fixed costs The excess of gross margin over target income 0 The excess of sales revenue over the breakeven point The excess of ner income over all costs (both variable and fixed

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