Accounting 102 Chapter 2

Accounting 102 Chapter 2 - Chapter 2 The correct answer for...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 2 The correct answer for each question is indicated by a  1 CORRECT Which of the following best describes the relationship between total fixed costs and total variable costs as total volume  decreases ? A) Total fixed costs stay the same and total variable costs stay the same. B) Total fixed costs decrease and total variable costs stay the same. C) Total fixed costs stay the same and total variable costs decrease. D) Total fixed costs decrease and total variable costs decrease. Feedback: Total fixed costs stay the same regardless of changes in total volume. However, total variable costs  change in direct proportion to changes in total volume. LO 1 2 INCORRECT Which of the following best describes the relationship between fixed cost per unit and variable cost per unit as total volume  increases ? A)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course ACCT 102 taught by Professor ? during the Summer '06 term at Hofstra University.

Page1 / 2

Accounting 102 Chapter 2 - Chapter 2 The correct answer for...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online