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ACC561 ACC/561 WEEK 4 QUIZ (SCORE 100%)




Question 1;A variable cost is a cost that;Question 2;An increase in the level of activity will have the following effects on unit costs for variable and fixed costs;Unit Variable Cost Unit Fixed Cost;Question 3;A fixed cost is a cost which;Question 4;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?;Question 5;Contribution margin;Question 6;The equation which reflects a CVP income statement is;Question 7;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;Question 8;Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using;Question 9;Under absorption costing and variable costing, how are fixed manufacturing costs treated?;Absorption Variable;Question 10;Management may be tempted to overproduce when using


Paper#77110 | Written in 18-Jul-2015

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