61.

What do we call the change in total production cost if output is increased by one more unit?

• Variable cost
• Allocated cost
• Marginal cost
• Fixed cost

62.

A regression analysis shows that when price goes up then sales volume goes down. What type of correlation is this?

• Positive
• Regressive
• Recursive
• Inverse

63.

What cost will change with the number of units produced?

• Variable costs
• Overhead cost
• Fixed cost
• Administrative costs

64.

Tonia's Trees follows a triple P philosophy that stands for profit, people, and planet. These are the three things that are important to her company. Based on this information, which of the following is true of Tonia's Trees?

• It is globally focused
• It is socially responsible
• All are true
• It has many employees

65.

Which of the following precedes the direct labor budget?

• Production budget
• Master budget
• Financial budget
• Operating budget