Chapter 19 Quiz - 1 The three most common cost behavior classifications are fixed costs variable costs and mixed costs 2 If sales are $820,000 variable

Chapter 19 Quiz - 1 The three most common cost behavior...

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1.The three most common cost behavior classifications are-fixed costs, variable costs, and mixed costs2.If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio? 3.The manufacturing cost of Calico Industries for three months of the year are provided below:Total CostProduction (units)April$120,000280,000May74,000165,000June90,900230,000Using the high-low method, the variable cost per unit and the total fixed costs are 4.Costs that remain constant in total dollar amount as the level of activity changes are called
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  • Spring '17
  • Robert K. Smolin
  • $0.40, $8,000, $73, common cost behavior classifications

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