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ACC 561 Week 4 Quiz
ACC 561 Week 4 Quiz
Multiple Choice Question 39
A variable cost is a cost that
Multiple Choice Question 42
An increase in the level of activity will have the following effects on unit costs for variable and fixed costs:
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Unit Variable Cost |
Unit Fixed Cost |
| Multiple Choice Question 43
A fixed cost is a cost which
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Multiple Choice Question 86
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
| Multiple Choice Question 87
Contribution margin
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| Multiple Choice Question 100
The equation which reflects a CVP income statement is
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| Multiple Choice Question 104
A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $150,000. The number of units the company must sell to break even is
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| Multiple Choice Question 93
Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using
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Multiple Choice Question 96 Under absorption costing and variable costing, how are fixed manufacturing costs treated?
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