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COST ACCOUNTING - COST BEHAVIOR

Authored by Carlo MBA

Business

University

Used 85+ times

COST ACCOUNTING - COST BEHAVIOR
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20 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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A variable cost is constant if expressed in a per unit basis , but the total dollar mount changes as the number of unit's increase or decreases

True

False

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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The fixed cost per unit varies with changes in the level of activity

True

False

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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The cost of wages paid to employees directly involved in converting materials to finished goods is classified as direct labor cost

True

False

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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A direct materials cost that varies with the number of units produced is an example of fixed cost

True

False

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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The wages paid to carpenters would be classified as factory overhead cost

True

False

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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Unit variable cost does not change as the number of units of activity changes

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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Inirect cost can be specifically identified to cost object

True

False

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