The costs are classified as fixed or variable on the basis of __________?

Related Mcqs:

1. Support department cost allocation method which makes no difference between variable and fixed costs is classified as ___________?

   A. sales mix allocation method
   B. dual-rate cost-allocation method
   C. single rate cost allocation method
   D. quantity variance allocation method

2. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

   A. distinction
   B. similarities
   C. increase in units
   D. decrease in units

3. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

4. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

5. The cost that has elements of variable and fixed costs at the same time is __________?

   A. variable cost
   B. mixed cost
   C. semi variable cost
   D. Both B and C

6. In super variable costing, all costs other than direct material costs are recorded in the period ________?

   A. of incurring
   B. of sale
   C. of manufacturing
   D. of indirect recording

7. In a relevant range, the variable cost per unit, selling price and total fixed costs are ___________?

   A. unknown and variable
   B. known and variable
   C. unknown and constant
   D. known and constant

8. The variable cost is subtracted from fixed costs to calculate ____________?

   A. unit income
   B. fixed income
   C. operating income
   D. marginal income

9. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

   A. $59,000
   B. $25,000
   C. $15,000
   D. $39,000

10. If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be _____________?

    A. $16,000
    B. $54,000
    C. $64,000
    D. $74,000