29 Jun Question 1. Select the correct sta
Question
1. Select the correct statement regarding fixed costs. (Points : 2)
There is a contradiction between the term “fixed cost per unit” and the behavior pattern implied by the term.
Fixed cost per unit is not fixed.
Total fixed cost remains constant when volume changes.
All of the above are correct statements.
Question 2. 2. Larry’s Lawn Care incurs significant gasoline costs. This cost would be classified as a variable cost if the total gasoline cost: (Points : 2)
varies inversely with the number of hours the lawn equipment is operated.
increases in direct proportion to the number of hours the lawn equipment is operated.
is not affected by the number of hours the lawn equipment is operated.
Both A or B.
Question 3. 3. Tri-State Food Service operates six fast food restaurants in the New England area. The company pays rent of $10,000 per year for each shop. The managers of each shop are paid a salary of $3,200 per month and all other employees are paid on an hourly basis. Relative to the number of hours worked, total compensation cost for a particular shop is which kind of cost? (Points : 2)
Variable cost
Fixed cost
Mixed cost
None of the above
Question 4. 4. Romo Corporation normally produces between 150,000 and 175,000 units each year. Producing more than 175,000 units alters the company’s cost structure. For example, fixed costs increase because more space must be rented, and additional supervisors must be hired. The production range between 150,000 and 175,000 is called the: (Points : 2)
differential range.
relevant range.
opportunity range.
leverage range.
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