Exam (elaborations)
Test Accounting management
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Tentamen van 2 pagina's voor het vak Management Accounting aan de Artevelde (Test)
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A. Determine the variable cost for a VAT-assignment and the total monthly fixed costsVariable cost:
Commission: € 7
Office supplies: € 19
Utilities: € 27
TOTAL: € 53
Fixed cost:
Wages: (5 * € 1850) + € 250 = € 9500
Publicity expenses: € 300
Rent: € 1700
Utilities: € 27
Magazines: € 180
TOTAL: € 11 707
B. Compute the break-even point in units and euros and explain in words what these numbers
represent.
BE (units):
Sales = variable costs + fixed costs
540 Q = 53 Q + 11 707
11 707 = 487 Q
Q = 24 Vat-assignement
BE (EUR):
24 * 540 = € 12960
C. Determine the net income, assuming 35 VAT-assignments are done in a month
Net income = sales – fixed costs – variable costs
= (35 * 540) – 11707 – (35 * 53)
= 18900 – 11707 – 1855
= € 5338 per month
D. Calculate the margin of safety in euros and the margin of safety ratio, assuming 45 VAT-
assignments are done in a month. Explain in words what these numbers represent
Margin of safety = Actual sales – Break-even sales
= ( 45 * 540 ) – 12960
= 24300 – 12960
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