True or False an increase in sales price per unit will lower breakeven point

With absorption costing, operating profit can be:
A) decreased by increasing production without decreasing sales
B) increased by decreasing sales and keeping production equal to sales
C) increased by increasing production without increasing sales
D) decreased by increasing the level of ending Finished Goods Inventory

the difference in actual results and the expected results in the flexible budget for the actual units sold is what variance?

True or Fasle: The breakeven point will increase if VC increase even when FC and sales price remain

What for sure equations should you have on your sheet of paper?

What does a cash budget do?

If FC decreases the contribution margin per unit

If trying to relate production planning with capacity limits in the short run which costing method is more appropriate?

Where should the budget process begin?

If production remains within the relevant range what is true of total costs?

When will variable and absorption costing result in the same operating profits?

Describe contribution margin

what type of cost will change in relation to change in volume

When production is less than sales, the operating income will be lower under absorption costing than variable costing. Assume zero ending inventories. Why is this?

What budget is prepared on the basis of the production budget?