1. On the traditional / normal breakeven graph, the line with the steepest slope is the

a. Fixed cost line

b. Total cost line

c. Revenue line

2. The formula to calculate the monthly amount of needed production in units is equal to

a. monthly sales in units beginning inventory desired ending inventory

b. monthly sales in units ending inventory + beginning inventory

c. monthly sales in units + ending inventory + beginning inventory

d. monthly sales in units beginning inventory + ending inventory

3. A contribution type income statement categorizes cost by

a. behavior

b. function

c. dollar size

d. department

4, The first step in the cost estimation process is normally to ______________

a. identify cost drivers

b. collect data

c. identify cost objects

d. Compile at least five years of historical data