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12) Which of the following is an example of a fixed cost for a manufacturer? A) Income Taxes B) Machine Repair Expense C) Fire

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12) Which of the following is an example of a fixed cost for a manufacturer? A) Income Taxes B) Machine Repair Expense C) Fire Insurance on buildings D) Delivery Fuel Expense 16) How do fixed costs per unit behave? A) They remain the same throughout production levels within the relevant range. B) They decrease as production decreases. C) They increase as production decreases. D) They increase as production increases. 19) A company has monthly fixed costs of $96,000. The variable costs are $8.00 per unit. If the sales price of a unit is $14.00 and we sell 8000 units, the company's total variable costs will be A) $96,000. B) $64,000. C) $112,000. D) $48. 27) A company's total costs are calculated by A) subtracting total fixed costs from total variable costs. B) subtracting total variable costs from total fixed costs. C) subtracting total fixed costs and total variable costs from sales. D) adding total fixed costs to total variable costs.

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