In: Accounting
Match the following.
1.Direct labor, direct materials, and manufacturing overhead. | a. Gross margin |
2.Costs that are expensed in the period they are incurred. | b.Controllable costs |
3.Sales less variable expenses. | c. Manufacturing margin |
4.Cost a manager can determine or greatly affect the amount. | d. Absorption costing |
5.A costing method that includes only variable manufacturing costs. | e. Period costs |
6.An income statement format that focuses on cost behavior. | f. Contribution margin |
7.Sales less cost of goods sold. | g. Variable costing |
8.A costing method that includes all manufacturing costs. | h. Product costs |
9.Fixed costs divided by contribution margin per unit. | i. Contribution format |
10.Sales less variable production costs. | j. Break-even in units |
Assume a company sells a given product for $33.28 per unit. How many units must the company sell to break-even if variable selling costs are $1.40 per unit, variable production costs are $23.56 per unit, and total fixed costs are $2,080,000?