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 decrease with experience
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- Harof activity increases, total variable costs a. decrease. b. remain the same. c. Increases in direct proportion to the increase in activity d. increases, but at a slower rate than the level of activity.What is characteristic of variable costs within the relevant range? A. Decrease in total as as output increases B. Stay constant in total as output increases C. Decrease on a per-unit basis as output increases D. Stay constant on a per-unit basis as output changesWhich statement is correct? A. Activity-based cost systems are less costly than traditional cost systems. B. Activity-based cost systems are easier to implement than traditional cost systems. C. Activity-based cost systems are more accurate than traditional cost systems. D. Activity-based cost systems provide the same data as traditional cost systems.
- A scatter graph is used to test the assumption that the relationship between cost and activity level is __________________________. A. curvilinear B. cyclical C. unpredictable D. linearWhen fixed costs increase and all other variables remain unchanged, the contribution margin will A. remain unchanged _____________________. B. increase C. decrease D. increase variable costs per unitFixed costs are expenses that ______________________________ . A. vary in response to changes in activity level B. remain constant on a per-unit basis C. increase on a per-unit basis as activity increases D. remain constant as activity changes
- Question 1. Attached are answers. Please put in correct order. Thank you!A scatter graph is used to test the assumption that the relationship between cost and activity level is ________. Question 8Select one: a. unpredictable b. curvilinear c. linear d. cyclicalWhich of the following defines variable cost behavior?a. Total cost reaction to increase in activity (Remain Constant); Cost per unit reaction toincrease in activity (Remains Constant)b. Total cost reaction to increase in activity (Remain Constant); Cost per unit reaction toincrease in activity (Increases)c. Total cost reaction to increase in activity (Increases); Cost per unit reaction to increasein activity (Increases)d. Total cost reaction to increase in activity (Increases); Cost per unit reaction to increasein activity (Remains Constant)
- As the level of activity increases, how will a mixed cost in total and per unit behave? A) B) (C) D) E) In Total Increase Increase Increase Decrease Decrease Multiple Choice Choice A Choice B Choice C Choice D Per Unit Decrease Increase No effect Increase No effectSelect the correct statement concerning the cost-volume-profit graph at right: a. The point identified by "B" is the break-even point. b. Line F is the variable cost line. c. At point B, profits equal total costs. d. Line E is the total cost line. Line F Line E Line DSelect the correct statement concerning the cost-volume-profit graph at right: At point B, profits equal total costs. Line E is the total cost line. Line F is the variable cost line. The point identified by "B" is the break-even point.
