Q-15 the learning curve concept Q-15THELEARNINGCURVECONCEPTSUGGESTS:A) COSTS INCREASE WITH PRODUCTIONB) FIXED COSTS VARY WITH VOLUMEC) QUALITY DECREASES OVER TIMED)UNIT COSTSEXPERIENCEDECREASEWITH

The correct answer is: D) UNIT COSTS DECREASE WITH EXPERIENCEThis is the core principle of the…

Answered: Q-15 THE LEARNING CURVE CONCEPT…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 14MC: When fixed costs increase and all other variables remain unchanged, the contribution margin will A....

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Relevant range is the activity that affects the increase or decrease of costs Select one: O True O False Previo m Jump to... Return to: General +
Which one of the following statement best describe the unit variable cost: Select one: O a. Remains constant in the relevant range O b. Increase with the increase of activities O c. Increase with the decrease of activities O d. Decrease with the increase of activities
A fixed cost total rises or falls in approximate proportion to changes in activity base. Select one: O True O False
A changes in direct proportion to changes in the cost-driver level * mixed costs fixed costs O variable costs O step cost
Fixed costs per unit _______. .1. can be estimated by the high-low method 2. remains the same when the level of activity changes 3. are represented by the slope of the total cost line. 4. all of the above
costs that change proportionately according to the changes in the cost driver.......
Variable cost varies _____ with output. a. Disproportionately b. Proportionately c. More than proportionately d. Less than proportionately
When the total fixed costs decrease, the contribution margin per unit ________. A. increases B. decreases C. decreases proportionately D. remains the same
Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with outputc. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
A cost which changes in proportion to changes in volume of activity is called a: * a. fixed cost b. controllable cost c. variable cost d. opportunity cost
The increase/decrease in variable cost from existing level to the new level is called as __cost. a.Standard b.Marginal c.Fixed d.Opportunity
Within the relevant range of activity fixed costs remain constant in total costs and activity can be approximated by a straight line variable costs do not change in total, only per unit

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Q-15 THE LEARNING CURVE CONCEPT SUGGESTS: A) COSTS INCREASE WITH PRODUCTION B) FIXED COSTS VARY WITH VOLUME C) QUALITY DECREASES OVER TIME D) UNIT COSTS EXPERIENCE DECREASE WITH