Which of the following statements is false? Multiple Choice Cost structure refers to a company's relative proportion of product and period costs An activity base is a measure of whatever causes the incurrence of a variable cost An activity base is sometimes referred to as a cost dve Cost behavior refers to how a cost reacts to changes in the level of activity In the equation, y= a +bX, the a represents: Multiple Choice 9.52 The total fixed cost The level of activity The variable cost per unnt of activity The total i cost Which of the following statements is false when considering cost behavior within the relevant range? Multiple Choice 21 A variable cost is constant i expressed on a per unit basis The average fixed cost per unit varies inversely with changes in the level of activity The total amount of a variable cost will change as the level of activity changes Aloed cost vores in total in de proportion to changes in the love of activity Which of the following statements is true regarding absorption costing? Multiple Choice It treats some nonmanufacturing costs as product costs and some as period costs It assigns all manufacturing costs, both fixed and variable, to units of product It assigns all nonmanufacturing costs, both foed and variable, to units of product It relies on a predetermined overhead rate to apply direct material cost to units of product A job-order costing system that relies on normal costing will: Multiple Choice Apply owerhead cost to jobs by multiplying a predetermined overhead rate by the estimated amount of the location base incurred by the jobs O Annlign actual direct materials and direct labor costs to jotre Apply overhead cost to jobs by multiplying on actual overload rate by the estimated amount of the allocation base incurred by the jobs Apply overload cost to jobs by multiplying an actual overhead rate by the actual amount of the allocation base incurred by the jobs