Differential revenue represents – Group of answer choices The differences in revenues expected from alternative courses of action. The difference between actual revenue and budgeted revenue The difference between revenues and variable manufacturing costs The difference between operating revenues and non-operating revenues

Differential revenue represents – Group of answer choices The differences in revenues expected from alternative courses of action. The difference between actual revenue and budgeted revenue The difference between revenues and variable manufacturing costs The difference between operating revenues and non-operating revenues

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter13: Investment Fundamentals

Section13.5: Four Safe And Effective Strategies For

Problem 3CC

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Which of the following statements about CVP analysis is false? O a. Operating income calculations in CVP analysis are based on contribution margin not gross margin. O b. Unit selling price, unit variable costs, and total fixed costs are known and remain constant. O c. Managers use (CVP) analysis to study the behavior of and relationship among the elements such as total revenues, total costs, and income O d. Total revenues and total costs are linear in relation to output units. O e. All of the given answers are true. OUS PAGE FINISH ATTEMPT ... F1 F2 F3 F4 F5 F6 F7 F8 F10 23 % & 2 3 4 7 8. V Q W T A F K 13 C V BYNI M 24 S
1.
Which format of the Income Statement is appropriate for financial reporting? O Variable costing O Activity-based O Absorption O any format is fine for financial reporting
Identify two ways in which a contribution margin income statement differs in format from a traditional income statement. Which is more useful for decision making and why?
Why are there objections to using absorption costing when segment reports of profitability are being prepared?
Discuss how financial data prepared on the basis of variable costing can assist management in the development of short-run pricing policies.
Which of the following is one of the two approaches used to analyze data in the decision to keep or discontinue a segment? A. comparing contribution margins and fixed costs B. comparing contribution margins and variable costs C. comparing gross margin and variable costs D. comparing total contribution margin under each alternative
On a cost-volume-profit graph, when the Total Cost line is higher than the Total Revenue line, the difference represents Select one: O A. a positive return on the investment O B. a net loss O C. net income O D. not enough information is presented
CVP analysis is most important for the determination of [A] sales revenue necessary to equal fixed costs [B] relationship between revenues and costs at various levels of operations [C] variable revenues necessary to equal fixed costs [D] volume of operations necessary to Break-even
A Cost-Volume-Profit graph contains an "Area of Loss" and an "Area ofProfitability". Which of the following best explains the difference between thetwo points on the graph? A. The area of loss represents the difference between Sales and Variable Cost.B. The area of loss begins with the concept that fixed costs have to be recovered priorto sales contributing to profit.C. The area of profit represents the difference between Sales and Variable Cost.D. The area of profit begins with the concept that no company would have any level ofsales below the break-even point.
A Differential Revenues are the differences in revenues between any competing alternatives to the solution of a problem. 3. What are differential Revenues? k B. They are Costs that increase the revenue a Product Line. СА Any Revenue that increases when costs go down. D. A Revenue the moves in the opposite direction of a Cost.
What is a product cost? What is a period cost? What is the difference and why is it important to separate these costs in financial reporting and decision-making? What is a variable cost? What is a fixed cost? Why is the difference important to making decisions?