TXT.rtf - QUIZCH20,22&24 Cost behavior refers to the manner in which A a cost changes as the related activity changes Costs that vary in total in direct

TXT.rtf - QUIZCH20,22&24 Cost behavior refers to the manner...

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QUIZ - CH 20, 22 & 24 Cost behavior refers to the manner in which: A: a cost changes as the related activity changes Costs that vary in total in direct proportion to changes in an activity level are called: A: variable costs Which of the following costs is a mixed cost? A: Rental costs of $5,000 per month plus $.30 per machine hour of use The three most common cost behavior classifications are: A: fixed costs, variable costs, and mixed costs The systematic examination of the relationships between the volume of sales and certain costs is termed: A: cost volume profit analysis In cost-volume-profit analysis, all costs are classified into the following two categories: A: variable costs and fixed costs Contribution margin is: A: profit What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? A: contribution margin ratio If variable costs per unit increased because of an increase in
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hourly wage rates, the break-even point would: A: increase
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