Which of the following statements about variables cost are incorrect?

i. Costs that, in total, are constant within the relevant range as the level of the cost driver varies.

ii. Costs that, in total, vary in direct proportion to changes in a cost driver

iii. Per-unit variable costs change as the level of cost driver changes.

iv. At zero units produced, total variable cost is zero.

________ costs are those costs that can be traced to a cost object, in a convenient and cost-effective way. Select one: a. Sunk b. Indirect c. Direct d. Non-controllable

The following data relates to a company with a single product: Selling price per unit $200 Variable costs per unit $140 Fixed costs $130 000 The number of units to produce a profit before tax of $50 000 is? Select one: a. 3 000 b. 2 167 c. 900 d. 833

Which of the following is not one of the enhancing qualitative characteristics of information?

Select one:

a. Understandabilityb. Verifiabilityc. Timelinessd. Relevance