# BUS-187 Exam 2

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1. Units Completed and Transferred Out + Equivalent Units of Ending Work in Process
Equivalent Units of Production
2. Units Completed and Transferred Out-Materials + Equivalent Units of Ending Work in Process-Materials
Equivalent Units of Production - Materials
3. Units Completed and Transferred Out-Conversion Costs + Equivalent Units of Ending Work in Process-Conversion Costs
Equivalent Units of Production - Conversion Costs
4. Total Materials Cost ÷ Equivalent Units of Materials
Unit Materials Cost (Answer in \$)
5. Total Conversion Costs ÷ Equivalent Units of Conversion Costs
Unit Conversion Cost (Answer in \$)
6. Unit Materials Costs ÷ Unit Conversion Cost
Total Manufacturing Cost per Unit (Answer in \$)
8. Estimated Overhead per Activity ÷ Expected Use of Cost Drivers per Activity
9. Sales - Costs
Operating Income
10. Change in Total Costs ÷ High minus Low Activity Level
Variable Cost per Unit
11. Unit Selling Price - Unit Variable Costs
Contribution Margin per Unit (Answer in \$)
12. Contribution Margin per Unit ÷ Unit Selling Price;
(Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price
Contribution Margin Ratio (Answer in %)
13. Variable Costs + Fixed Costs + Net Income
Sales (Answer is "Q" in Units)
14. Fixed Costs ÷ Contribution Margin per Unit;
Fixed Costs ÷ (Unit Selling Price - Unit Variable Costs)
Break-even Point in Units
15. Fixed Costs ÷ Contribution Margin Ratio;
Fixed Costs ÷ (Contribution Margin per Unit ÷ Unit Selling Price);
Fixed Costs ÷ [(Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price]
Break-even Point in Dollars
16. Variable Costs + Fixed Costs + Target Net Income

Ex.
\$500Q = \$300Q + \$200,000 + \$120,000

Where: Q = sales volume; \$500 = selling price; \$300 = variable costs per unit; \$200,000 = total fixed costs
Required Sales
17. (Fixed Costs + Target Net Income) ÷ Contribution Margin per Unit;
(Fixed Costs + Target Net Income) ÷ (Unit Selling Price - Unit Variable Costs)
Required Sales in Units
18. (Fixed Costs + Target Net Income) ÷ Contribution Margin Ratio;
(Fixed Costs + Target Net Income) ÷ (Contribution Margin per Unit ÷ Unit Selling Price);
(Fixed Costs + Target Net Income) ÷ [(Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price]
Required Sales in Dollars
19. Actual (Expected) Sales - Break-even Sales
Margin of Safety in Dollars
20. Margin of Safety in Dollars ÷ Actual (Expected) Sales;
[Actual (Expected) Sales - Break-even Sales] ÷ Actual (Expected) Sales
Margin of Safety Ratio
 Author: Anonymous ID: 43668 Card Set: BUS-187 Exam 2 Updated: 2010-10-20 11:48:10 Tags: Accounting Folders: Description: Chapters 16-18 Show Answers: