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LATEST 2024 ETS Business Exam Study Guide
Accounting: What costs should be considered when making non-routine decisions? (3) - 
ANSWER The price of material, Factory overhead costs, and the price of labor 
Accounting: Total product/ units produced and sold equals?? - ANSWER Product Cost 
per Unit 
Accounting: What is a general explanation of what the contribution margin is? - 
ANSWER The difference between variable costs subtracted from sales 
Accounting: In a continuous budget plan how many months are generally planned? - 
ANSWER 12 mo...
- Exam (elaborations)
- • 15 pages •
Accounting: What costs should be considered when making non-routine decisions? (3) - 
ANSWER The price of material, Factory overhead costs, and the price of labor 
Accounting: Total product/ units produced and sold equals?? - ANSWER Product Cost 
per Unit 
Accounting: What is a general explanation of what the contribution margin is? - 
ANSWER The difference between variable costs subtracted from sales 
Accounting: In a continuous budget plan how many months are generally planned? - 
ANSWER 12 mo...
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