Q1 - Ending finished goods inventory

x for a manufacturing company is equivalent to merchandise inventory for a merchandising company.

x represents the cost of completed goods available for sale to customers.

x appears on a cost of goods manufactured schedule.

x is calculated by adding beginning finished goods inventory to cost of goods sold and subtracting cost of goods manufactured.

Q2 - A curvilinear relationship between variable costs and changes in activity levels suggests what?

x A strictly linear relationship between fixed costs and activity levels is implausible.

x A strictly curvilinear relationship between changes in activity levels and variable costs is possible only within the relevant range.

x Since the relationship between activity levels and variable costs is linear within the relevant range and less linear at lower and higher levels outside the relevant range, the straight-line (linear) relationship takes on a curvature in the real world.

x All of the above.