Chapter 6

Chapter 6

1st - 5th Grade

13 Qs

quiz-placeholder

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Chapter 6

Chapter 6

Assessment

Quiz

Social Studies

1st - 5th Grade

Practice Problem

Medium

Created by

Kevin Walther

Used 1+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which one is NOT a cost behavior?

Fixed Costs

Variable Costs

Manufacturing Overhead Costs

Mixed Costs

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is correct?

The line on a graph representing total fixed costs will be a horizontal line.

When graphing total fixed costs, the fixed cost per unit is the slope of the fixed cost line.

When graphing total fixed costs, the cost line always begins at the origin

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume

Variable

fixed

mixed

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

With respect to total fixed costs, which of the following statements is true?

They will decrease as production increases within the relevant range.

They will increase as production decreases within the relevant range.

They will remain the same as production levels change within the relevant range

They will decrease as production decreases within the relevant range.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Using account analysis, what type of cost is the local phone service which charges a flat fee for unlimited local calls?

Step cost

Variable cost

Fixed cost

Mixed cost

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When using the high-low method, the slope of the mixed cost line is fixed cost per unit

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When using the high-low method, the "high" point should be chosen as the data point with the highest cost (not the highest volume).

True

False

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