Computing the Sales Mix with Limited Resources

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following would NOT represent a limited resource?

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1. Calculate contribution margin given the following information: selling price = $10; variable cost = $2.50 and fixed cost = $3.00.

2. Which process is NOT involved in the theory of constraints?

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About This Quiz & Worksheet

The quiz and worksheet, mobile-friendly resources, can test your knowledge of computing the sales mix with limited resources. You need to know how to calculate contribution margin and know what a limited resource is for the quiz.

Quiz & Worksheet Goals

These materials test your knowledge of:

  • An example of a variable cost
  • Theory of constraints
  • Calculating the variable cost per unit
  • Finding the contribution margin
  • Limited resources

Skills Practiced

  • Problem solving - use acquired knowledge to calculate the contribution margin
  • Information recall - access the knowledge you have gained about an example of a variable cost
  • Reading comprehension - ensure that you draw the most important information from the lesson on limited resources and sales mix

Additional Learning

Gain more knowledge about these financial topics with the lesson called Computing the Sales Mix with Limited Resources. This lesson can help you review more about:

  • The definition of sales mix
  • How to find the sales mix
  • Components of the theory of constraints
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