The selling price is multiplied to quantity of sold units to calculate _____________?
Correct answer: A. revenues
- A. revenues
- B. sold quantity
- C. sold price
- D. bulk price
Explanation
Multiplying selling price per unit by the number of units sold gives total sales revenue. The other choices are not standard names for this calculation, so option a is correct.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
If the contribution margin percentage is 20% and the selling price is $4000, then contribution margin per unit will be ______________?
If the fixed cost is $30000 and the contribution margin per unit is $600 per unit, then the breakeven in units will be ____________?
If the fixed cost is $40000 and the contribution margin per unit is $800 per unit, then the breakeven of units will be ___________?
The contribution margin per unit is divided by selling price to calculate ____________?
In manufacturing companies, the revenue and cost drivers are categorized under ____________?
If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be _____________?