q1. Variable costs change in direct proportion to a change in the activity level. true or...
q1. Variable costs change in direct proportion to a change in the activity level. true or false
q2. The relevant range is that range of activity where a company achieves its maximum efficiency. true or false
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q1. Variable costs change in direct proportion to a change in
the activity level. true or...
Total variable costs change in proportion to changes in the volume of activity. True or False
Total variable costs change in proportion to changes in the volume of activity. True or False
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable...
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable costs are costs that remain constant on a per-unit basis as the level of activity changes. true or false? 3. Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio. true or false 4. The data required for determining the break-even point for a business are the total estimated fixed costs for a period stated as a percentage...
ter 5 Exam Question 1 Total fixed costs change with changes in volume of activity. True...
ter 5 Exam Question 1 Total fixed costs change with changes in volume of activity. True False Question 2 Per unit fixed costs change with changes in activity. True False Question 3 If a firm's activity expands beyond its relevant range, only fixed costs must be reevaluated. True False
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on...
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on a per unit basis. 13) True or False: Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost.
Within the relevant range, a change in activity results in a change in variable cost per...
Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost. True or False
Within the relevant range, the change in activity level will result in ): a. No changes...
Within the relevant range, the change in activity level will result in ): a. No changes in either total fixed costs or total variable costs. b. A change in total fixed cost and no changes in total variable costs. c. A change in total variable cost and no changes in total fixed costs. d. A change in both of total fixed costs and total variable costs.
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes...
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes in total over the relevant range, based on production. B.True or False / Fixed factory overhead per unit does not change over the relevant range. C. True or False / Variable factory overhead does change in total over the relevant range. D. True or False / Activity based costing is used to allocate overhead cost pools based on single basis such as direct labor hours or machine...
QUESTION 2 The following are types of costs that react to changes in activity except: A....
QUESTION 2 The following are types of costs that react to changes in activity except: A. Fixed B. Step C. Unexpired D. Mixed QUESTION 3 Which of the following is true about Variable Cost: A. The variable total cost remains constant throughout the relevant range. B. The variable unit cost is varies through the relevant range. C. The variable unit cost varies inversely with changes in the activity the relevant range. D. The variable unit cost is constant through...
Question 1 Fixed cost per unit continuously declines as production increases (within the relevant range). This...
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...
At an activity level of 10,000 units, total variable costs were $35,000 while total fixed costs...
At an activity level of 10,000 units, total variable costs were $35,000 while total fixed costs were $20,800. If 16,000 units are produced and this activity is within the relevant range, which of the following statements is correct?
ter 5 Exam Question 1 Total fixed costs change with changes in volume of activity. True False Question 2 Per unit fixed costs change with changes in activity. True False Question 3 If a firm's activity expands beyond its relevant range, only fixed costs must be reevaluated. True False
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