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Cost Behaviors Quiz 1 (25 MCQs)

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1. Cost of 8000 pieces of chicken spicesDirect materials = RM 6000Direct labor = RM5600Rental of truck = RM 7500Depreciation of factory = RM2800Supervisor's salary = RM 3000calculate the total cost for 15500 pieces of chicken spices
2. Which of the following is a cost that changes in total volume proportionate to the changes in the volume of activity?
3. The rent of a factory is classified as a (n)
4. When there is no production, the total mixed cost is equal to _____
5. When no production occured, this item total cost equal to zero.
6. Cost behavior analysis is related to
7. Which one is the MOST suitable cost driver for total direct labor cost?
8. At the break-even point, the contribution margin equals total
9. Which of the following types of cost are assumed to stay the same per unit, irrespective of the volume of output?
10. Which of the following is the least likely to be a fixed cost?
11. The following data pertain to activity and utilitiess for two recent years:Year 1 Year 2 8, 000 12, 000 RM12, 000 RM15, 000 Using the high-low method, what is the variable cost per unit for utilities?
12. Identify semi-variable costs
13. The wages of a supervisor are treat as which type of cost?
14. Variable overhead _____
15. Utilities expense
16. Which of the following states how a variable cost behaves as volume changes?
17. Which of the followings is NOT variable cost?
18. Assume that you own your own business and your explicit costs are $ 10, 000 per year. You could earn $ 11, 000 in your next-best alternative job. Your revenue is $ 22, 000 per year. What is your accounting profit?
19. Given the cost function, Y=RM15, 000+RM5X, what is the total cost at an activity level of 8, 000 units?
20. Identify fixed costs
21. A mixed cost consists of
22. Which of the following terms is used to denote the response of a cost to the change in business activity?
23. Identify variable costs
24. Which of the following would be the least controllable fixed costs?
25. Last year, Connie's Computers had a revenue of $ 350, 000 and total variable expenses of $ 200, 000. What is Connie's Computer's contribution margin ratio?
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