Accounting test

8:07 7 AA A v2.cengagenow.com C CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Print 1. MC.20.67 Which of the following describes the behavior of the fixed cost per unit? a. decreases with increasing production b. remains constant with changes in production O c. increases with increasing production Od. decreases with decreasing production 2. MC.20.70 Most operating decisions of management focus on a narrow range of activity called the of production. Oa. relevant range Ob. strategic level Oc. optimal level Od. tactical operating level 3. MC.20.71 Costs that vary in total in direct proportion to changes in an activity level are called costs. Oa. variable Ob. fixed O c. differential O d. sunk 4. MC.20.72 Which of the following is an example of a cost that varies in total as the number of units produced changes? Oa. salary of a production supervisor Ob. property taxes on factory buildings Oc. direct materials cost Od. straight-line depreciation on factory equipment 5. MC.20.79 For purposes of analysis, mixed costs are a. classified as fixed costs Ob. classified as period costs c. separated into their variable and fixed cost components Od. classified as variable costs 6. MC.20.81.ALGO (Algorithmic) Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,014 15,221 April 2,603 9,724 May 2,896 12,179 June 3,523 18,229 Oa. $0.11 Ob. $0.72 O c. $0.76 Od. $1.19 - INman On ATAn A V