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  1. Topics
  2. Business
  3. Introduction to Managerial Accounting Study Set 1
  4. Quiz 1: Managerial Accounting and Cost Concepts

For the Past 8 Months, Jinan Corporation Has Experienced a Steady

Question 93
Multiple Choice

For the past 8 months, Jinan Corporation has experienced a steady increase in its cost per unit even though total costs have remained stable.This cost per unit increase may be due to _____________ costs if the level of activity at Jinan is _______________. A)fixed, decreasing B)fixed, increasing C)variable, decreasing D)variable, increasing

Related questions
Q 94
Which of the following statements is true when referring to fixed costs? A)Committed fixed costs arise from the annual decisions by management. B)As volume increases, unit fixed cost and total fixed cost will change. C)Fixed costs increase in total throughout the relevant range. D)Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company.
Q 95
Which costs will change with a decrease in activity within the relevant range? A)Total fixed costs and total variable cost. B)Unit fixed costs and total variable cost. C)Unit variable cost and unit fixed cost. D)Unit fixed cost and total fixed cost.
Q 96
Which of the following is correct concerning reactions to INCREASES in activity?
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