Quiz 29: Controlling Manufacturing Costs: Standard Costs
The cost of utilities consumed in the factory is a good example of A) a variable cost. B) a fixed cost. C) a semi-variable cost. D) a standard cost.
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SweetBerry Ice-creams uses a standard cost system.The following data is available for June:
The actual material cost for June was: A) $48,000. B) $50,400. C) $49,770. D) $51,030.
The salary of the factory supervisor is a good example of A) a variable cost. B) a fixed cost. C) a semi-variable cost. D) a standard cost.
As the level of activity increases,the fixed cost per unit of activity A) increases. B) decreases. C) does not change. D) may increase or decrease.
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