The first quiz in Management accounting (Model 1) (Group B Accounting))

Student Name: ID:

For each of the following statements, if the statement is true select (A) and if any part of the
statement is false select (B):
1. Financial accounting reporting is focused on future evaluation. (F)
2. The only consideration in management accounting is cost benefit balance considerations. (F)
3. When analyzing costs in the short–run, the accountant must think of fixed costs of total basis. (T)
4. If fixed cost are doubled, and contribution margin per unit was cut in half , then the breakeven
point would be doubled. (F)
5. Any decrease (or increase) in the level of activity has no effect on the break-even point. (T)
6. The break-even point is located at the intersection of the total revenue line and the total expenses
line on a cost-volume-profit graph. (T)
7. A mixed cost can be experssed as a constant rate per unit period and fixed amount per unit times
number of units. (T)
Determine the best choice for each of the following statements:
8. If cost function is , Y(costs) = 10 000+10X(units), the factory will close, the cost is:
A. LE 10 000 B. LE 12 000 C. LE 2 000 D. LE 8 000
9. If selling price per unit is LE 40, variable cost per unit is LE 24, and fixed cost per unit is LE 12,
then decreasing in number of units by ten units will lead to decrease profit by….
A. LE 2 800 B. LE 1600 C. LE 160 D. None of these
10. At the break-even: 15 000 units, LE 5 selling price and LE 2 per-unit contribution margin, then the
additional units over the break-even units that must be sold to reach a net profit of LE 40 000
should be …….
A. 15 000 units B. 20 000 units C. 35 000 units D. None of these
11. If the per unit total costs is LE 20 (included LE 8 fixed cost per unit) where the sales revenue
which generates a net profit of LE 8 000 is LE 80 000, and the fixed costs totalled LE 24 000, then
the selling price which leads to a contribution margin ratio of 40% is …..
A. LE 41 B. LE 40 C. LE 39 D. None of these
12. In October, number of units was 10 000 units, the sales revenue was LE 400 000, and total costs
LE 320 000 (including variable costs 75% of total costs). In the November month, management is
going to get profit 30% of November sales revenue; the number of units will be….
A. 10 000 units B. 2 500 units C. 20 000 units D. None of these
13. Given a break-even point of 70 000 units and a contribution margin per unit of L.E 5 , the
additional units after the break-even that must be sold to reach a net profit of L.E 100 000 are:.
A. 90 000 units B. 2000 units C. 3000 units D. None of these
14. At break-even point of 5 000 units, the per unit fixed cost at the break-even point of 30 LE and
variable cost ratio is 70% of sales, the total sales value that must be sold to reach a net profit of
10% of sales are: .
A. LE 755 000 B. LE 570 000 C. LE 57 000 D. None of these
Determine the best choice for each of the following statements:
"Ahmed Factory" presented the following selected data for each of the two months of 2018:
September October
Sales value in LE (price per unit is LE 50) 400 000 300 000
Manufacturing Costs in LE 160 000 140 000
Sales Commissions in LE 40 000 30 000
Other Selling and Administrative Expenses in LE 130 000 130 000
15. Selling price per unit is:
A. LE 20 B. LE 50 C. LE 15 D. None of these
 16. Manufacturing costs functions is:
a. Y= 10 X b. Y = 10X + 240 000 every quarter
c. Y= 10X + 8 000 every month d. Y = 80 000 X + 10 every month
17. Sales commissions Costs are:
A. Variable costs B. Fixed costs C. Mixed costs D. None of these
18. Other selling and administrative costs functions is:
a. Y= 130 000 every quarter b. Y = 8X + 390 000 every quarter
c. Y= 8X + 130 000 every month d. Y = 130 000 every month
19. Total variable cost per unit is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
20. Total yearly fixed costs is:
A. LE 200 000 B. LE 600 000 C. LE 2400 000 D. None of these
21. Contribution margin per unit in August is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
22. Contribution margin ratio is:
A. 30% B. 70% C. 35% D. 40%
23. October's contribution margin is:
A. LE 60 000 B. LE 270 000 C. LE 210 000 D. LE 100 000
24. Breakeven point by units is:
A. 6 000 units B. 7 000 units C. 9 000 units D. 10 000 units
25. Safety margin ratio in September is:
a. 20% b. 50% c. 25% d. None of these

Answers
1 A B C D 8 A B C D 15 A B C D 22 A B C D

2 A B C D 9 A B C D 16 A B C D 23 A B C D

3 A B C D 10 A B C D 17 A B C D 24 A B C D

4 A B C D 11 A B C D 18 A B C D 25 A B C D

5 A B C D 12 A B C D 19 A B C D

6 A B C D 13 A B C D 20 A B C D

7 A B C D 14 A B C D 21 A B C D
 The first quiz in Management accounting (Model 2) (Group B Accounting))
Student Name: ID:
For each of the following statements, if the statement is true select (A) and if any part of the
statement is false select (B):
1. Any decrease (or increase) in the level of activity has no effect on the break-even point. (T)
2. The break-even point is located at the intersection of the total revenue line and the total expenses
line on a cost-volume-profit graph. (T)
3. A mixed cost can be experssed as a constant rate per unit period and fixed amount per unit times
number of units. (T)
4. Financial accounting reporting is focused on future evaluation. (F)
5. The only consideration in management accounting is cost benefit balance considerations. (F)
6. When analyzing costs in the short–run, the accountant must think of fixed costs of total basis. (T)
7. If fixed cost are doubled, and contribution margin per unit was cut in half , then the breakeven
point would be doubled. (F)
Determine the best choice for each of the following statements:
8. In October, number of units was 10 000 units, the sales revenue was LE 400 000, and total costs
LE 320 000 (including variable costs 75% of total costs). In the November month, management is
going to get profit 30% of November sales revenue; the number of units will be….
A. 10 000 units B. 2 500 units C. 20 000 units D. None of these
9. Given a break-even point of 70 000 units and a contribution margin per unit of L.E 5 , the
additional units after the break-even that must be sold to reach a net profit of L.E 100 000 are:.
A. 90 000 units B. 2000 units C. 3000 units D. None of these
10. At break-even point of 5 000 units, the per unit fixed cost at the break-even point of 30 LE and
variable cost ratio is 70% of sales, the total sales value that must be sold to reach a net profit of
10% of sales are: .
A. LE 755 000 B. LE 570 000 C. LE 57 000 D. None of these
11. If cost function is , Y(costs) = 10 000+10X(units), the factory will close, the cost is:
A. LE 10 000 B. LE 12 000 C. LE 2 000 D. LE 8 000
12. If selling price per unit is LE 40, variable cost per unit is LE 24, and fixed cost per unit is LE 12,
then decreasing in number of units by ten units will lead to increase profit by….
A. LE 2 800 B. LE 1600 C. LE 160 D. None of these
13. At the break-even: 15 000 units, LE 5 selling price and LE 2 per-unit contribution margin, then the
additional units over the break-even units that must be sold to reach a net profit of LE 40 000
should be …….
A. 15 000 units B. 20 000 units C. 35 000 units D. None of these
14. If the per unit total costs is LE 20 (included LE 8 fixed cost per unit) where the sales revenue
which generates a net profit of LE 8 000 is LE 80 000, and the fixed costs totalled LE 24 000, then
the selling price which leads to a contribution margin ratio of 40% is …..
A. LE 41 B. LE 40 C. LE 39 D. None of these
Determine the best choice for each of the following statements:
"Ahmed Factory" presented the following selected data for each of the two months of 2018:
September October
Sales value in LE (price per unit is LE 50) 400 000 300 000
Manufacturing Costs in LE 160 000 140 000
Sales Commissions in LE 40 000 30 000
Other Selling and Administrative Expenses in LE 130 000 130 000
15. Selling price per unit is:
A. LE 20 B. LE 50 C. LE 15 D. None of these
 16. Manufacturing costs functions is:
a. Y= 10 X b. Y = 10X + 240 000 every quarter
c. Y= 10X + 8 000 every month d. Y = 80 000 X + 10 every month
17. Sales commissions Costs are:
A. Variable costs B. Fixed costs C. Mixed costs D. None of these
18. Other selling and administrative costs functions is:
a. Y= 130 000 every quarter b. Y = 8X + 390 000 every quarter
c. Y= 8X + 130 000 every month d. Y = 130 000 every month
19. Total variable cost per unit is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
20. Total yearly fixed costs is:
A. LE 200 000 B. LE 600 000 C. LE 2400 000 D. None of these
21. Contribution margin per unit in August is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
22. Contribution margin ratio is:
A. 30% B. 70% C. 35% D. 40%
23. October's contribution margin is:
A. LE 60 000 B. LE 270 000 C. LE 210 000 D. LE 100 000
24. Breakeven point by units is:
A. 6 000 units B. 7 000 units C. 9 000 units D. 10 000 units
25. Safety margin ratio in September is:
a. 20% b. 50% c. 25% d. None of these

Answers
1 A B C D 8 A B C D 15 A B C D 22 A B C D

2 A B C D 9 A B C D 16 A B C D 23 A B C D

3 A B C D 10 A B C D 17 A B C D 24 A B C D

4 A B C D 11 A B C D 18 A B C D 25 A B C D

5 A B C D 12 A B C D 19 A B C D

6 A B C D 13 A B C D 20 A B C D

7 A B C D 14 A B C D 21 A B C D
 The first quiz in Management accounting (Model 3) (Group B Accounting))
Student Name: ID:
For each of the following statements, if the statement is true select (A) and if any part of the
statement is false select (B):
1. Any decrease (or increase) in the level of activity has no effect on the break-even point. (T)
2. The break-even point is located at the intersection of the total revenue line and the total expenses
line on a cost-volume-profit graph. (T)
3. A mixed cost can be experssed as a constant rate per unit period and fixed amount per unit times
number of units. (T)
4. Financial accounting reporting is focused on future evaluation. (F)
5. The only consideration in management accounting is cost benefit balance considerations. (F)
6. When analyzing costs in the short–run, the accountant must think of fixed costs of total basis. (T)
7. If fixed cost are doubled, and contribution margin per unit was cut in half , then the breakeven
point would be doubled. (F)
Determine the best choice for each of the following statements:
"Ahmed Factory" presented the following selected data for each of the two months of 2018:
September October
Sales value in LE (price per unit is LE 50) 400 000 300 000
Manufacturing Costs in LE 160 000 140 000
Sales Commissions in LE 40 000 30 000
Other Selling and Administrative Expenses in LE 130 000 130 000
8. Selling price per unit is:
A. LE 20 B. LE 50 C. LE 15 D. None of these
9. Manufacturing costs functions is:
a. Y= 10 X b. Y = 10X + 240 000 every quarter
c. Y= 10X + 8 000 every month d. Y = 80 000 X + 10 every month
10. Sales commissions Costs are:
A. Variable costs B. Fixed costs C. Mixed costs D. None of these
11. Other selling and administrative costs functions is:
a. Y= 130 000 every quarter b. Y = 8X + 390 000 every quarter
c. Y= 8X + 130 000 every month d. Y = 130 000 every month
12. Total variable cost per unit is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
13. Total yearly fixed costs is:
A. LE 200 000 B. LE 600 000 C. LE 2400 000 D. None of these
14. Contribution margin per unit in August is:
A. LE 35 B. LE 50 C. LE 5 D. LE 15
15. Contribution margin ratio is:
A. 30% B. 70% C. 35% D. 40%
16. October's contribution margin is:
A. LE 60 000 B. LE 270 000 C. LE 210 000 D. LE 100 000
17. Breakeven point by units is:
A. 6 000 units B. 7 000 units C. 9 000 units D. 10 000 units
18. Safety margin ratio in September is:
a. 20% b. 50% c. 25% d. None of these
 Determine the best choice for each of the following statements:
19. In October, number of units was 10 000 units, the sales revenue was LE 400 000, and total costs
LE 320 000 (including variable costs 75% of total costs). In the November month, management is
going to get profit 30% of November sales revenue; the number of units will be….
A. 10 000 units B. 2 500 units C. 20 000 units D. None of these
20. Given a break-even point of 70 000 units and a contribution margin per unit of L.E 5 , the
additional units after the break-even that must be sold to reach a net profit of L.E 100 000 are:.
A. 90 000 units B. 2000 units C. 3000 units D. None of these
21. At break-even point of 5 000 units, the per unit fixed cost at the break-even point of 30 LE and
variable cost ratio is 70% of sales, the total sales value that must be sold to reach a net profit of
10% of sales are: .
A. LE 755 000 B. LE 570 000 C. LE 57 000 D. None of these
22. If cost function is , Y(costs) = 10 000+10X(units), the factory will close, the cost is:
A. LE 10 000 B. LE 12 000 C. LE 2 000 D. LE 8 000
23. If selling price per unit is LE 40, variable cost per unit is LE 24, and fixed cost per unit is LE 12,
then decreasing in number of units by ten units will lead to increase profit by….
A. LE 2 800 B. LE 1600 C. LE 160 D. None of these
24. At the break-even: 15 000 units, LE 5 selling price and LE 2 per-unit contribution margin, then the
additional units over the break-even units that must be sold to reach a net profit of LE 40 000
should be …….
A. 15 000 units B. 20 000 units C. 35 000 units D. None of these
25. If the per unit total costs is LE 20 (included LE 8 fixed cost per unit) where the sales revenue
which generates a net profit of LE 8 000 is LE 80 000, and the fixed costs totalled LE 24 000, then
the selling price which leads to a contribution margin ratio of 40% is …..
A. LE 41 B. LE 40 C. LE 39 D. None of these
Answers
1 A B C D 8 A B C D 15 A B C D 22 A B C D

2 A B C D 9 A B C D 16 A B C D 23 A B C D

3 A B C D 10 A B C D 17 A B C D 24 A B C D

4 A B C D 11 A B C D 18 A B C D 25 A B C D

5 A B C D 12 A B C D 19 A B C D

6 A B C D 13 A B C D 20 A B C D

7 A B C D 14 A B C D 21 A B C D