
Chapter 6
Quiz
•
Social Studies
•
1st - 5th Grade
•
Practice Problem
•
Medium
Kevin Walther
Used 1+ times
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13 questions
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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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