13 Under the contribution income statement, a company's contribution margin will be higher if? O Fixed selling, general and administrative expenses decrease. Variable manufacturing overhead decrease. Fixed manufacturing overhead costs decrease. O Variable manufacturing overhead costs increase. Question 12 Which of the following statement is CORRECT about the foundational assumption used in CVP analysis. O Behavior of revenue and costs can be graphed as a straight line O Selling price, variable cost per unit and total fixed costs are known and fluctuates. O The time value of money is considered. O Relative sales proportions of multiple products are known and fluctuates. Question 11 Which of the following statement is CORRECT? O Total Fixed costs change inversely with the level of production O Costs are fixed or variable for a specific activity and/or for an indefinite time period. O Variable costs change, in per unit, in proportion to changes in the related level of activity or volume of output produced O Product costs are treated as expenses of the accounting period in which the product is sold. 1 points Which of the hope under located or overallocated overheads through spreading among ending work-in-process inventory, finished-goods inventory and cost of goods sold? 9 Owe Moving to another question will save this response. Question 7 In a job order cost accounting system, which account would be debited when Indirect labour were incurred? O Manufacturing overhead control O Materials control O Work in process control O Finished goods control Question 4. Which of the following option is correct regarding difference in activity-based costing when compared to simple costing? O Simple costing and activity-based costing usually yield very similar product costs. O Activity-based costing is generally considered to be more accurate and more costly to implement O Using activity-based costing does guarantee more accurate costs, but simple costing does not O Simple costing is only as good as the drivers selected, and their actual relationship to costs. Question 10 All costs of a product that are considered assets in a company's balance sheet when the costs are incurred and that are expensed as cost of goods sold only when the product is sold is called? Inventoriable costs O Product costs O Variable costs O Fand costs 1 points