Cornerstones of Managerial Accounting Study Set 2
Quiz 3: Cost Behaviour
Refer to St
Refer to St. John's Company. What can be assumed from the information provided? A) Insurance is a fixed cost. B) Depreciation is a mixed costs. C) Output decreased from March to April. D) Output stayed the same from March to April.
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Refer to St. John's Company. Assume that output was 5,000 units in March and 10,000 units in April, utility cost is a mixed cost, and the fixed cost of utilities was $3,000. What was the variable rate per unit of output for utilities cost? A) $0.20 B) $0.30 C) $0.40 D) $0.60
Refer to St. John's Company. If output was 5,000 units in March and 10,000 units in April, which of the following can be assumed? A) Materials are the only variable cost. B) Utilities and materials are variable costs. C) Insurance and depreciation are mixed costs. D) Utilities, insurance, and depreciation are fixed costs.
Refer to Montreal Clothing Store. What does $75,620 represent? A) the intercept B) the variable rate C) the dependent variable D) the independent variable
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