
Understanding Semi-Variable Costs
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are semi-variable costs?
Costs that have both fixed and variable components
Costs that are only variable
Costs that are only fixed
Costs that do not change with output
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed cost?
Materials
Sales commission
Direct labor
Rent
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in calculating the variable cost per unit?
Calculating the total cost
Subtracting fixed costs from total costs
Identifying the highest and lowest costs and units
Finding the average cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the variable cost per unit?
Multiply fixed costs by variable costs
Divide the difference in costs by the difference in units
Subtract fixed costs from total costs
Divide total cost by total units
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of calculating the total variable cost for a given output?
To identify the variable cost per unit
To find the total cost
To determine the fixed cost per unit
To calculate the profit margin
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the fixed cost determined using the high-low method?
By adding variable costs to total costs
By multiplying variable costs by units
By subtracting total variable costs from total costs
By dividing total costs by total units
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final step in calculating the total cost for a given output?
Adding fixed and total variable costs
Multiplying fixed costs by variable costs
Subtracting fixed costs from total costs
Dividing total costs by units
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