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ACC/561 ACC 561 Week 4 WileyPLUS Practice Quiz

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;;Description / Instructions: Complete the Week 4 WileyPLUS Practice Quiz.;Question 1;A variable cost is a cost that;varies per unit at every level of activity.;varies in total in proportion to changes in the level of activity.;may or may not be incurred, depending on management's discretion.;occurs at various times during the year.;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;Increases;Decreases;Remains constant;Remains constant;Remains constant;Decreases;Decreases;Remains constant;Question 3;A fixed cost is a cost which;remains constant in total with changes in the level of activity.;varies inversely in total with changes in the level of activity.;varies in total with changes in the level of activity.;remains constant per unit with changes in the level of activity.

 

Paper#81546 | Written in 18-Jul-2015

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