Cost accounting practice problems with worked answers
You do the maths: contribution, break-even, cost functions, cost-plus pricing and process costing. Five problems, new every day, with worked solutions and the typical mistake. Free and without an account.
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Task
A company sells 3,600 units a year at £105.50 each. Variable costs are £39.50 per unit and fixed costs £169,000.00 a year. Work out the unit contribution, the total contribution and the operating result.
Unit contribution in £
Total contribution in £
Operating result in £ (loss with a minus)
Amounts like 12,500 or 12500.50; percentages as a number (12.5). Round to the penny or 2 decimal places.
Topics with formulas and practiceContribution margin · Break-even analysis · Fixed and variable costs · Cost-plus pricing …
How the trainer works
Do the maths yourself
Type the result with or without thousands separators, a point for pence. Percentages simply as a number.
Step-by-step working
After checking you see the costing scheme, the steps and the typical mistake for this problem.
Always new numbers
Every problem is generated with new, clean numbers, so you practise the method rather than memorising a result.