Posted: September 16th, 2017

ACC561 ACC/561 WEEK 4 QUIZ

Question 1 A variable cost is a cost that 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 Question 3 A fixed cost is a cost which Question 4 Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? Question 5 Contribution margin Question 6 The equation which reflects a CVP income statement is Question 7 A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $150,000. The number of units the company must sell to break even is Question 8 Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using Question 9 Under absorption costing and variable costing, how are fixed manufacturing costs treated? Absorption Variable Question 10 Management may be tempted to overproduce when using

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