1. UNIS Let's start with an easy one! Which of the following wou with an easy one! Which of the following would most likely be a fixed cost for a Subway restaurant? a. Lettuce b. Fritos chips c. Turkey d. Coca-Cola e. Rent 2. A sunk cost is: a. a cost which can be shifted to the future with little effect on current operations. b. a cost which cannot be avoided because it has already been incurred. c. a cost which is relevant to the decision-making process. d. the potential earnings you give up to take a course. e. the amount you can sell your Managerial Accounting textbook for. 3. Which of the following would most likely be included as part of manufacturing overhead in the production of a luxury dining room table? a. The cost of a few nuts and bolts used in the table b. The cost of the red cedar wood used in the table c. The amount paid to the individual who spends four hours staining the red cedarwood d. The commission paid to the salesperson who sold the table e. Utilities for the store in which the table is sold 4. In determining the cost of a UGBA 102B course, the utilities of Chou Hall would be considered: a. sunk costs. b. opportunity costs. c. direct costs. d. indirect costs. e. irrelevant to setting tuition rates. A business produces a product that has associated variable cost and fixed costs. Assuming a business stays within the relevant range, if its level of sales increases: a. total contribution margin will change. b. variable cost per unit and total costs will increase. c. total variable costs will increase and fixed costs per unit will decrease. d. operating profit will increase. e. variable cost per unit will remain stable and total fixed cost will increase