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As production increases, the fixed cost per unit a. decreases b. remains the same c. increases d. either increases or decreases, depending on the variable costs

As production increases, the fixed cost per unit a. decreases b. remains the same c. increases d. either increases or decreases, depending on the variable costs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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As production increases, the fixed cost per unit
a. decreases
b. remains the same
c. increases
d. either increases or decreases, depending on the variable costs
 
Standard costs are divided into which of the following components?
a. price standard and quantity standard
b. quality standard and quantity standard
c. variance standard and quantity standard
d. materials standard and labor standard
 
Which of the following activity bases would be the most appropriate for food costs of a hospital?
a. how many MRI's are taken
b. number of patients who stay in the hospital
c. quantity of prescriptions filled
d. number of nurses scheduled to work
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