COST ACCOUNTING - COST BEHAVIOR

COST ACCOUNTING - COST BEHAVIOR

University

20 Qs

quiz-placeholder

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COST ACCOUNTING - COST BEHAVIOR

COST ACCOUNTING - COST BEHAVIOR

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Carlo MBA

Used 84+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

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

Media Image

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

True

False

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

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

Media Image

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

Media Image

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

True

False

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

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

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Inirect cost can be specifically identified to cost object

True

False

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