Question 21 Which of the following is true? A variable cost Hot yet inswered Harked out of 200 Flag uestion Select one: o increases on a per unit basis as production increases o decreases in total as production decreases decreases in total as production increases increases on a per unit basis as production decreases 22 Assume that at a production level of 10 units the total variable cost is $1.000 and the foed cost per unit is $100. The total variable cost at 40 units would be wered doute ton Select one 0 $1,000 O $4,000 O $5,000 0 None of these stion 23 Which of the following is considered to be one of the three basic types of business organizations? Set wered ced out of Tag tion Select one: o service organization O private organization Opublic organization all of these on 24 et red Which of the following questions could be answered with managerial accounting information? d out of g on Select one: O Should a money losing division be closed? O All of these O Should a company borrow money or issue shares? Should a bank lend money to a company? Ton 25 An indirect cost is et ered d out of eg on Select one: O always relevant o always variable O always fixed O none of these