FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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36.A cost increases or decreases in intervals as activity changes.
a. historical cost
b. step cost
c. fixed cost
d. flexible cost
e. budgeted cost
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- Describe how total variable costs and unit variable costs behave as the level of activity increases?arrow_forwardFull costing is often supported on the grounds that it provides a useful guide to O A. fixed B. opportunity C. long-run average D. economic costs.arrow_forwardvariable costs change in direct proportion to a change in the activity level. True or False?arrow_forward
- 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. cyclicalarrow_forwardVariable costing is sometimes called a. differential b. direct c. profitability d. absorption costing.arrow_forwardVariable costing can also be referred to as: Select one: a. Internal costing b. Cost-plus costing c. Absorption costing d. Marginal costingarrow_forward
- 4. In a typical cost formula a. Fixed costs are per unit and variable costs are per unit b. Fixed costs are per unit and variable costs are in total c. Fixed costs are in total and variable costs are in total Fixed costs are in total and variable costs are per unitarrow_forwardWhen the level of activity decreases, variable costs will:A - increase per unit.B - increase in total.C- decrease in total.D- decrease per unitarrow_forwardTotal variable costs are deducted from Total mixed costs to obtain which of these? Group of answer choices Budgeted costs. Mixed costs per unit. Fixed costs per unit. Total fixed costs.arrow_forward
- Show how each of these costs will behave as the volume of activity decreases. Variable cost per unit Total variable cost Fixed cost per unit Total fixed cost A. Increase B. Decrease C. Remains the samearrow_forwardDescribe how total fixed costs and unit fixed costs behave as the level of activity increases?arrow_forwardFixed costs are costs that: A) Change in total with changes in the level of activity B) Remain constant per unit with changes in the level of activity C) Remain constant in total regardless of changes in the level of activity D) Vary inversely with changes in the level of activityarrow_forward
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