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1) Which of the following would increase the balance in the finished Goods inventory Account? A job order is completed b. Direct Materials are received
1) Which of the following would increase the balance in the finished Goods inventory Account? A job order is completed b. Direct Materials are received from supplier Factory Overhead is applied d. Direct Labor is paid to assembly line employees 2) This chart depicts which of the following? Total units Produced Total Fixed Costs b. Total Mixed Costs Total Variable Costs Total Costs 3) Variable costs 3. Have a floor, then increase incrementally Stay the same regardless of output c increase in total with higher output d. All of the above 4) The number of units sold that create positive net income could also be called: a Breakeven Units b. Target net income units Total Units to be produced d. Margin of safety units 5) Acost that does not change based on output is referred to as: a Variable Cost bMed Cost Fred Cost d. Product Cost
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