QuizCh4.pdf - Managerial Accounting Quiz Chapter 4 1....

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Unformatted text preview: Managerial Accounting Quiz Chapter 4 1. Within the relevant range, a change in activity results in a change in total variable cost and the per unit fixed co{. C*9 Faise 2. Corfun:Ltted fixed costs have a short-term planning horizon-usually one year. rrue@ 3. The high-low method is generally more accurate than the least-squares regression method in analyzing cost behavior. \'.+ ""; rrue Q!) ! i 4. The high and low points used in the high-low method tend to be unusual and therefore the cost formula may not accurately represent all ofthe data. I True, False 5. A is a hxed cost; B is a variable cost. During the current year the level of activity has decreased but is still within the relevant range. We would expect that: A. The cost per unit of A has remained unchanged. B. The cost per unit of B has decreased. C. The cost per unit of A has decreased. (Dfn" cost per unit of B has remained unchanged....
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QuizCh4.pdf - Managerial Accounting Quiz Chapter 4 1....

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