Question
Cost Accounting - Easy Questions 5. Direct materials are an example of a : a. step cost b. mixed cost c. fixed cost d. variable
Cost Accounting - Easy Questions
5. Direct materials are an example of a:
a. step cost
b. mixed cost
c. fixed cost
d. variable cost
6. The following is an example of a mixed cost:
a. Supervisor's salaries
b. direct materials
c. salary plus comission on sales
d. materials used in production
8. Weakness of the high-low method include all of the following EXCEPT
a. only two observations are used to develop the cost function
b. the high and low activity levels may not be representative
c. the method is relatively complex and difficult to apply
d. the method does not detect if the cost behavior in nonlinear
7.Assume the following information:
Volume | Total Cost |
90 units | $1,200 |
98 units | $1,300 |
106 units | $1,400 |
What is the variable cost per unit?
| |||
| |||
| |||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started