To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon ___________?

Related Mcqs:

1. An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as _____________?

   A. manufacturing analysis method
   B. price analysis method
   C. unit analysis method
   D. account analysis method

2. 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

3. 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

4. A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________?

   A. setup cost
   B. batch cost
   C. facility cost
   D. lump sum cost

5. If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?

   A. $16,000
   B. $12,000
   C. $18,000
   D. $21,000

6. The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called ___________?

   A. times series method
   B. time horizon method
   C. aggression method
   D. regression method

7. If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be ___________?

   A. $20,000
   B. $34,000
   C. $44,000
   D. $35,000

8. If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________?

   A. $12,000
   B. $15,000
   C. $10,000
   D. $32,000

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

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

10. If the selling price is $2500, variable manufacturing cost per unit is $1000 and variable marketing cost per unit is $500, then contribution margin per unit will be ___________?

    A. $4,000
    B. $2,500
    C. $1,000
    D. $15,000