ACC 561 Week 4 Assignment Practice Quiz - NEW 2016
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ACC 561 Week 4 Assignment Practice Quiz Multiple Choice Question 39 A variable cost is a cost that Multiple Choice Question 42 An increase in the level of activity will have the following effects on unit costs for variable and fixed costs: Multiple Choice Question 43 A fixed cost is a cost which Multiple Choice Question 86 Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $14 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? Multiple Choice Question 87 Contribution margin Multiple Choice Question 100 The equation which reflects a CVP income statement is Multiple Choice Question 104 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 Multiple Choice Question 93 Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using Multiple Choice Question 96 Under absorption costing and variable costing, how are fixed manufacturing costs treated? Multiple Choice Question 121 Management may be tempted to overproduce when using