StratCost_CVP

StratCost_CVP

University

20 Qs

quiz-placeholder

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StratCost_CVP

StratCost_CVP

Assessment

Quiz

Other

University

Medium

Created by

Eliza Cesista

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A variable cost remains constant per unit at various levels of activity.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A fixed cost remains constant in total and on a per unit basis at various levels of activity.

True

False

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If volume increases, all costs will increase

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Changes in the level of activity will cause unit variable and unit fixed costs to change in opposite directions.

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

For CVP analysis, both variable and fixed costs are assumed to have a linear relationship within the relevant range of activity.

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The relevant range of activity is the activity level where the firm will earn income.

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The high-low method is used in classifying a mixed cost into its variable and fixed elements.

True

False

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