Acct 2121 - Study guides, Class notes & Summaries

ACCT 2121 Mid-term Exam 2022 MCQ Q1 (1 point) In multiproduct situations, when the sales mix shifts toward the product with the highest contribution margin per unit, then: A) total revenues will decrease B) breakeven quantity will increase C) total contribution margin will decrease D) operating income will increase Q2 (1 point) Hope company produces and sells 500 units of its only product per month at the selling price of $1,200. The variable manufacturing cost of the ...

ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022/ACCT 2121 Mid-term Exam 2022

The factor which determines whether or not goods should be included in a physical count of inventory is a. physical possession b. legal title c. management's judgment d. whether or not the purchase price has been paid - ANSWER B If goods in transit are shipped FOB destination a. the seller has legal title to the goods until they are delivered b. the buyer has legal title to the goods until they are delivered c. the transportation company has legal title to the goods while the goods are...

ACCT 2121 Mid-term Exam 2022 MCQ Q1 (1 point) In multiproduct situations, when the sales mix shifts toward the product with the highest contribution margin per unit, then: A) total revenues will decrease B) breakeven quantity will increase C) total contribution margin will decrease D) operating income will increase Q2 (1 point) Hope company produces and sells 500 units of its only product per month at the selling price of $1,200. The variable manufacturing cost of the 500 units is...

ACCT 2121 Mid-term Exam 2022 MCQ Q1 (1 point) In multiproduct situations, when the sales mix shifts toward the product with the highest contribution margin per unit, then: A) total revenues will decrease B) breakeven quantity will increase C) total contribution margin will decrease D) operating income will increase Q2 (1 point) Hope company produces and sells 500 units of its only product per month at the selling price of $1,200. The variable manufacturing cost of the 500 units is...

QUESTIONS AND ANSWERS

ACCT 2121 Midterm Exam 2022 Answer/ACCT 2121 Midterm Exam 2022 Answer/ACCT 2121 Midterm Exam 2022 Answer/ACCT 2121 Midterm Exam 2022 Answer/ACCT 2121 Midterm Exam 2022 Answer

Introduction to Accounting notes chapter 8