7A semi variable cost would:A. Be zero when output is zero and would increase indirect proportion to outputB. Be more than zero if no products were made and wouldthen increase in direct proportion to outputc. Be zero if output were zero and would changeerratically as output increasedD. Be a fixed amount when output was zero and wouldnot increase in direct proportion to output8 If actual units produced are lower than the budgeted level ofproduction which of the following types of cost would youexpect to be lower than the budget?A. Variable costs per unitB. Total variable costsc. Total fixed costsD. Fixed costs per unit9 The break even point in units is represented by the equation:A. Fixed costs / selling price per unitB. Fixed costs / Contribution per unitc. (Sales revenue - Fixed costs) / Contribution per unitD. Fixed costs / Variable costs10 The break even point can be defined as:A. The level of activity where profits equal fixed costsB. The level of activity wherecovered by sales revenuec. The level of activity where cash flow is zeroD. The level of activity at which there is neither profitriable costs areor los

As per our guidelines, we are supposed to answer only one question. That's why we are providing a…

7A semi variable cost would: A. Be zero when output is zero and would increase in direct proportion to output B. Be more than zero if no products were made and would then increase in direct proportion to output c. Be zero if output were zero and would change erratically as output increased D. Be a fixed amount when output was zero and would not increase in direct proportion to output

7A semi variable cost would: A. Be zero when output is zero and would increase in direct proportion to output B. Be more than zero if no products were made and would then increase in direct proportion to output c. Be zero if output were zero and would change erratically as output increased D. Be a fixed amount when output was zero and would not increase in direct proportion to output

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The computation for the shutdown point is A. Avoidable fixed costs ÷ unit contribution margin B. Differential fixed costs ÷ contribution margin ratio C. (Avoidable fixed costs + additional cost) ÷ unit contribution margin D. (Avoidable fixed costs – additional cost) ÷ unit contribution margin
In the long run, the long-run average cost curve _____, whereas in the very long run, the long-run average cost curve _____. a. None of the above. b. Shifts down; does not shift. c. Does not shift; shifts up. d. Shifts up; does not shift. e. Does not shift; shifts down.
Fast solve plz
Within the relevant range: Select one: O A. variable cost per unit decreases as production decreases. O B. fixed cost per unit increases as production decreases. O C. fixed cost per unit decreases as production decreases. O D. variable cost per unit increases as production decreases.
24i. It is simple to apply.ii. It causes unit production costs to fluctuate in the opposite direction with the production volume.iii. It causes inconsistencies in period profits. Which of the following is or are the drawbacks of the full cost method?a)i and iii B)i and ii NS)only ii D)only i TO)ii and iii
When the level of activity decreases, variable costs will:A - increase per unit.B - increase in total.C- decrease in total.D- decrease per unit
Which of the following is true of fixed and variable costs? Volume changes will not change the relationship between fixed and variable costs. Fixed costs are fixed in total, but vary per unit; variable costs vary in total, but are fixed per unit. As sales increase, the contribution margin percentage increases. O The relationship between sales, variable costs, and the contribution margin does not change when the sales price per unit changes. The contribution margin is what remains after fixed costs have been subtracted from total sales.
1. If only the selling price per unit of a product increases (variable cost per unit and total fixed costs do not change), Using Break Even Analysis, provide a unique mathematical example to support the break even point decreasing
6..
15. If the total contribution margin increases and fixed costs do not change, then net income can be expected to a. decrease by an equal amount. b. increase by an amount equal to the increase in contribution margin times the CM ratio. c. increase by an equal amount. d. none of these.
5. Which of the following statements is correct: A. total fixed cost remain constant while variable cost as total increases as level of activities decreases. B. fixed cost per unit and total variable costs increases as level of activities increases. C. variable cost per unit and total fixed cost remain constant as level of activities increases. D. fixed cost per unit remain constant and variable cost per unit decreases as level of activities decreases. W Pe
:Holding other factors constant, a company's contribution margin per unit will increase with All answers given are NOT correct .a O any increase in variable cost per unit .b O .any increase in quantity sold .c O any increase in the selling price per unit .d O increase in its total fixed costs .e O