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quiz Chapter 21 & 22

quiz Chapter 21 & 22 - Review Assessment Quiz#7...

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Review Assessment: Quiz #7 Chap 21 & 22 Questio n 1 1 out of 1 points The budget which provides data on the quantities of direct materials purchases necessary to meet production needs is the: Selected Answer: Questio n 2 1 out of 1 points A series of budgeted amounts for varying levels of activity is called a: Selected Answer: Questio n 3 1 out of 1 points In cost-volume-profit analysis, variable costs are costs that: Selected Answer: Questio n 4 1 out of 1 points Which of the following statements describes fixed costs? Selected Answer: Questio n 5 1 out of 1 points If the contribution margin is $16 and fixed costs are $400,000, what is the break-even point in units? Selected Answer:
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Questio n 6 1 out of 1 points What term is used to describe a cost which has characteristics of both a variable and fixed cost? Selected Answer: Questio n 7 1 out of 1 points This budget summarizes future plans for the acquisition of plant facilities and equipment.
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