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Cost Behaviour

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Which of the followings is NOT variable cost?

a)

Direct material

b)

Direct labor

c)

Factory rental

d)

Sales commission

2.

When a cost changes in total in direct proportion to changes in volume/unit, it is

a)

a semi-variable cost

b)

a mixed cost

c)

a variable cost

d)

a fixed cost

3.

As volume/unit decreases, total fixed costs

a)

are constant and cost per unit decreases

b)

are constant and cost per unit increases

c)

increase

d)

decrease

4.
Which of the following is the least likely to be a fixed cost?
a)
Utilities
b)
 Executive management salaries
c)
Advertising
d)
Copier maintenance
5.
As volume decreases, total fixed costs
a)
are constant and cost per unit decreases
b)
are constant and cost per unit increases
c)
increase
d)
decrease
6.
A mixed cost consists of 
a)
both fixed and variable 
b)
either fixed or variable 
c)
product and period 
d)
direct and indirect
7.
When a cost changes in total in direct proportion to changes in volume it is
a)
a semi-variable cost
b)
a mixed cost
c)
a variable cost
d)
a fixed cost
8.

examples related to mixed cost

a)

maintaenance cost

b)

utility costs

c)

monthly telephone expenses

9.

examples related to the fixed cost

a)

salesmen commission

b)

rental of factory

c)

wages for production line

d)

Telephone expenses

10.

variable costs are...

a)

costs that remain the same in total regardless of changes in the activity level

b)

costs that contain both a variable costs and fixed cost element

c)

costs that vary in total directly and proportionately with changes in the activity level