Fixed costs - Study guides, Class notes & Summaries
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![QUESTION PAPER & MARKING SCHEME/ [MERGED] Mark scheme June 2023 AQA AS BUSINESS 7131/2 Paper 2 Business 2 Version: 1.0 Final *jun237131201* IB/G/Jun23/E8 7131/2](/docpics/4377419/65b985cf9ad8f_4377419_121_171.jpeg)
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QUESTION PAPER & MARKING SCHEME/ [MERGED] Mark scheme June 2023 AQA AS BUSINESS 7131/2 Paper 2 Business 2 Version: 1.0 Final *jun237131201* IB/G/Jun23/E8 7131/2
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AQA 
AS 
BUSINESS 
7131/2 
Paper 2 Business 2 
Version: 1.0 Final 
*jun* 
IB/G/Jun23/E8 7131/2 
For Examiner’s Use 
Question Mark 
1 
2 
3 
4 
5 
6 
7 
8 
TOTAL 
Friday 26 May 2023 Afternoon Time allowed: 1 hour 30 minutes 
Materials 
For this paper you must have: 
• the Insert (enclosed) 
• a calculator. 
Instructions 
• Use black ink or black ball-point pen. 
• Fill in the boxes at the top of this page. 
• Answer all questions. 
• You must answer the questions in the spaces provi...
![NEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECT](/docpics/6779167/6754d86205824_6779167_121_171.jpeg)
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NEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECT
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NEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECTNEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECTNEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECTNEIEP 800 FINAL EXAM QUESTIONS AND ANSWERS 100% CORRECT 
Hydro elevators in low rise applications do not need an _____ _____ room. - ANSWER-overhead machine 
 
Some advantages of hydros are lower equipment and building construction costs because the load of a hydro is carried to the _____ where as the load of a traction car is carrie...
![WGU D196 OA| Principles of accounting ACTUAL EXAM QUESTIONS AND ANSWERS VERSION LATEST 2024](/docpics/6513160/671ff271361e4_6513160_121_171.jpeg)
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WGU D196 OA| Principles of accounting ACTUAL EXAM QUESTIONS AND ANSWERS VERSION LATEST 2024
- Exam (elaborations) • 42 pages • 2024
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Jana's Jeans reported the following data: 
Total sales revenue $750,000 
Total variable costs 500,000 
Break-even in units 100,000 
 
Calculate total fixed costs when Jana's Jeans sells 100,000 pairs of jeans. 
a. 100.000 
b. 200.00 
c.230.00 
d. 250.00 
d 
CM per unit formula
![HFMA's CSAF 2024, Certified Specialist Accounting and Finance. Exam Questions and Answers 100% Pass](/docpics/6512704/671fe7ab930c6_6512704_121_171.jpeg)
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HFMA's CSAF 2024, Certified Specialist Accounting and Finance. Exam Questions and Answers 100% Pass
- Exam (elaborations) • 44 pages • 2024
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HFMA's CSAF 2024, Certified Specialist 
Accounting and Finance. Exam Questions 
and Answers 100% Pass 
Contribution Margin - answerDifference between marginal revenue and marginal cost. 
Break-even point - answerLevel of sales volume of a product producing the exact amount of 
contribution margin needed to cover fixed costs. 
Overhead - answerIndirect Costs 
Activity-based costing (ABC) - answerMethod of determining product costs using cost drivers 
or activity measures, which cause indirect ...
![CON 2370 Simplified Acquisition Procedures Exam Questions and answers with 100% Complete solutions | verified &updated 2024](/docpics/4492575/65cb541a40ce4_4492575_121_171.jpeg)
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CON 2370 Simplified Acquisition Procedures Exam Questions and answers with 100% Complete solutions | verified &updated 2024
- Exam (elaborations) • 14 pages • 2024
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CON 2370 Simplified Acquisition Procedures Exam Questions and answers with 100% Complete solutions | verified &updated 2024 
You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - The contract is considered closed once you receive evidence of receipt of property and final payment. 
Which of the following statements is true regarding the policies for the use of simplified acquisition pr...
![Solutions for Managerial Accounting for Managers 6th Edition by Eric Noreen, All Chapters Covered, Latest Guide.](/docpics/4275945/65aacf7276500_4275945_121_171.jpeg)
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Solutions for Managerial Accounting for Managers 6th Edition by Eric Noreen, All Chapters Covered, Latest Guide.
- Exam (elaborations) • 1230 pages • 2024
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Solutions for Managerial Accounting for Managers 6th Edition by Eric Noreen, All Chapters Covered, Latest Guide. 
Chapter 1 
Managerial Accounting and Cost Concepts 
Questions 
1-1 The three major types of product costs 
in a manufacturing company are direct 
materials, direct labor, and manufacturing 
overhead. 
1-2 
a. Direct materials are an integral part of a 
finished product and their costs can be 
conveniently traced to it. 
b. Indirect materials are generally small 
items of material suc...
![CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25](/docpics/4739977/65f33d78dcefd_4739977_121_171.jpeg)
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CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25
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CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25 
 
 
Fixed pricing - ANSWERSFixed pricing is a strategy in which a supplier estimates their cost and fees and uses that price to bid for the contract. 
 
Variable pricing (cost plus pricing) - ANSWERSVariable pricing (cost plus pricing) is when a supplier buys at the market price and sells at this plus margin. 
 
Buyers cost may in/ or decrease 
 
This means that market fluctuations are therefore passed onto the buy...
![Managerial Accounting Final Exam Review LATEST EDITION WITH CORRET ANSWERS 2024 SOLUTION GUARANTEED GRADE A+](/docpics/5863332/669e2a5f98545_5863332_121_171.jpeg)
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Managerial Accounting Final Exam Review LATEST EDITION WITH CORRET ANSWERS 2024 SOLUTION GUARANTEED GRADE A+
- Exam (elaborations) • 18 pages • 2024
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1. ________ gathers, summarizes, and reports on the financial impact of changes to business operations. 
 
a. Managerial accounting 
b. Planning 
c. Directing 
d. Controlling 
a. Managerial accounting 
2. Which of the following certifications is issued by the IMA? 
 
a. CISA 
b. CFP 
c. CMA 
d. CPA 
c. CMA 
3. Which of following statements is true? 
 
a. Managerial accounting focuses on historical transactions. 
b. Financial accounting focuses on future data. 
c. Management accounting focuses on...
![SOLUTION MANUAL FOR MANAGERIAL ACCOUNTING 18th EDITION BY RAY GARRISON, ERIC NOREEN AND PETER BREWERR ALL CHAPTERS INCLUDED 2023/2024](/docpics/3681212/6536d35c2fd89_3681212_121_171.jpeg)
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SOLUTION MANUAL FOR MANAGERIAL ACCOUNTING 18th EDITION BY RAY GARRISON, ERIC NOREEN AND PETER BREWERR ALL CHAPTERS INCLUDED 2023/2024
- Exam (elaborations) • 1241 pages • 2023
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SOLUTION MANUAL FOR 
MANAGERIAL 
ACCOUNTING 18th EDITION 
BY RAY GARRISON, ERIC 
NOREEN AND PETER 
BREWERR ALL CHAPTERS 
INCLUDED 2023/2024. 
Managerial Accounting 18th Edition, Solutions Manual, Chapter 1 1 
Chapter 1 
Managerial Accounting and Cost Concepts 
Questions 
1-1 The three major types of product costs 
in a manufacturing company are direct 
materials, direct labor, and manufacturing 
overhead. 
1-2 
a. Direct materials are an integral part of a 
finished product and their costs can b...
![HFMA's CSAF 2024/2025, Certified Specialist Accounting and Finance | Q&A Latest Update | 100% PASS](/docpics/7000268/678657a46b5bd_7000268_121_171.jpeg)
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HFMA's CSAF 2024/2025, Certified Specialist Accounting and Finance | Q&A Latest Update | 100% PASS
- Exam (elaborations) • 63 pages • 2025
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HFMA's CSAF 2024/2025, Certified 
Specialist Accounting and Finance | 
Q&A Latest Update | 100% PASS 
Contribution Margin - Answer -Difference between marginal revenue 
and marginal cost. 
Break-even point - Answer -Level of sales volume of a product 
producing the exact amount of contribution margin needed to cover 
fixed costs. 
Overhead - Answer -Indirect Costs 
Activity-based costing (ABC) - Answer -Method of determining product 
costs using cost drivers or activity measures, which cause ...
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