Within the relevant range: O 1. variable cost per unit decreases as production decreases O 2....
Within the relevant range: O 1. variable cost per unit decreases as production decreases O 2. fixed cost per unit decreases as production increases. 3. fixed cost per unit decreases as production decreases. O 4. variable cost per unit increases as production decreases QUESTION 32 Jones Company had the following inventory balances for the month of April: Ap Apr 30 Raw Materials $15,000 $5,000 Work In Process $10,000 $11,000 Finished Goods $25,000 $20,000 If the company transferred $40,000 of completed...
If the level of activity increases within the relevant range: O variable cost per unit and total cost also increase. O variable cost per unit and total fixed costs also increase. O fixed cost per unit and total variable cost also increase. O total cost will increase and fixed cost per unit will decrease.
Question 12 As production increases, the fixed cost per unit increases O decreases remains the same either increases or decreases, depending on the variable costs
which of the following is considered a variable manufacturing overhead cost? Factory rent Direct labor c Factory utilities d. Direct materials Which of the following costs is considered a direct cost? Depreciation on machinery b. Glue used in the manufacturing process c. The superintendent's salary d. Factory insurance c. Assembly-line labor costs The cost of rent for a manufacturing plant is generally considered to be a: Fixed cost Overhead cost No Yes No No No Yes Yes Yes When production...
Question 1 Fixed cost per unit continuously declines as production increases (within the relevant range). This is called economies of scale. True False Question 2 The coefficient of determination or R squared, in regression analysis, should be less than 0.75 to indicate a strong cost equation. True False Question 3 ABC Co. has fixed costs of $85,000. ABC wants to achieve an after-tax profit of $10,000. The selling price per unit is $100, and the variable cost per unit is...
Within the relevant range, as the number of units produced increases: the variable cost per unit will increase O the fixed cost per unit will decrease O total variable costs will remain the same O total fixed costs will decrease
3 As the volume of activity increases within the relevant range, the variable cost per unit a. decreases. b. decreases at first, then increases. c. remains the same. d. increases.
If the level of activity increases within the relevant range: A) variable costs per unit and total fixed costs stay the same. B) fixed cost per unit and total variable cost also increase. C) variable cost per unit and total cost also increase. D) total cost will increase and fixed cost per unit will stay the same.
1) How do variable costs per unit behave? A. They increase as production decreases. B. They remain the same throughout production levels within the relevant range. C. They decrease as production increases. D. They decrease as production decreases. 2) How do fixed costs per unit behave? A. They decrease as production decreases. B. They increase as production decreases. C. They remain the same throughout production levels within the relevant range. D. They increase as production increases.
v Question Completion Status: QUESTION 22 Overapplied overhead means that O the estimated overhead cost was less than the applied overhead cost O the applied overhead cost was greater than the actual overhead cost O the estimated overhead cost was less than the actual overhead cost. the applied overhead cost was less than the actual overhead cost. QUESTION 23 Jones Company had the following inventory balances for the month of Apri Raw Materials $15,000 $5,000 Work In Process $10,000 $11,000...