1. The term "committed costs" refers to
   1. Costs that are likely to respond to the amount of attention devoted to them by a specified manager.
   2. Costs that are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity.
   3. Costs that management decides to incur in the current period to enable the company to achieve objectives other than the filling of orders placed by customers.
   4. Costs that fluctuate in total in response to small changes in the rate of utilization of capacity.
   5. Amortization of costs that were capitalized in previous period.

2. Common costs are those incurred
   1. To produce two or more inseparable products.
   2. Routinary in the industry in which the company operates.
   3. By every department in an organization.
   4. To produce common products beyond their split- off point.

3. Out-of-pocket costs

1. are under the influence of a supervisor.
2. require expenditure of cash.
3. are not recoverable.
4. are committed and unavoidable.

4. Salaries of accounts receivable clerks when one clerical worker is needed for every 750 accounts receivable is an example of
   1. Fixed cost
   2. A step-variable cost
   3. Mixed cost
   4. Curvilinear cost

5. These are among the methods of segregating fixed cost and variable costs except:

1. Simple regression analysis
2. Scattergraph
3. Breakeven method
4. High-low method

Explain per item number the correct answers i have given in multiple choice!