A cost that changes as a result of changing activities or levels of activities is called which of the following?

product cost.

department cost.

batch cost.

differential cost. Which of the following statements is true?

The higher the firm's leverage, the higher the degree of sensitivity of profits to cost changes.

The higher the firm's leverage, the lower the degree of sensitivity of profits to cost changes.

The higher the firm's leverage, the higher the degree of sensitivity of profits to volume changes.

The higher the firm's leverage, the lower the degree of sensitivity of profits to volume changes. If a company's sales price per unit is $$100,$ variable costs per unit are $$60,$ and fixed costs for the year are $$600,000.$ How many units must the company sell to break even?

$36,000$

$22,500$

$15,000$

$9,000$ Costs that do not change with changes in activity levels are known as:

fixed costs.

variable costs.

sunk costs.

opportunity costs. If revenues are $$20$ per unit, variable costs are $$10$ per unit, and fixed costs are $$150,$ what is the operating profit when $100$ units are sold?

$ $850$

$ $1,740$

$($$$16,000)$

$($$ $140)$ When is a company engaging in total quality management?

When the company has instilled a quality culture into the organization.

When the company's products are in conformity with quality specifications.

When the company's products meet industry standards.

When the company can effectively compete for a distinguished quality award. Which of the following statements is true concerning how companies benefit from using an activity$-$based accounting system?

They have had few changes in activities over time and few corresponding changes have been made in the accounting system.

They have low overhead costs.

They have a narrow range of products.

They have wide variations in the volume of individual production runs and setups are costly $($i$.$e$.,$ complex production methods$).$Which term describes the costs of activities that the company can eliminate without reducing product quality, performance, or value?

non$-$value$-$performance$-$quality$-$added costs.

non$-$value$-$added costs.

non$-$performance$-$added costs.

non$-$quality$-$added costs.