Fall 2010 Practice Exam 1 parrt 2 - Spring 2009 Exam 2

# Fall 2010 Practice Exam 1 parrt 2 - Spring 2009 Exam 2 -...

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SECTION I – MULTIPLE CHOICE (50 points – 25 questions, 2 points each) -- Please choose the ONE BEST answer for each question and record your answer on the Scantron sheet. 1. What type of cost exhibits the behavior that follows? A . Variable cost. B. Fixed cost. C. Semi variable cost. D. Discretionary fixed cost. E. Step-fixed cost. 2. Atlanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: The variable utilities cost per machine hour is: A. \$0.18. B. \$4.50. C. \$5.00. D. \$5.50. E. an amount other than those listed above.
3. Sales total \$200,000 when variable costs total \$150,000 and fixed costs total \$30,000. The breakeven point in sales dollars is: A. \$200,000 B. \$120,000 C. \$40,000 D. \$30,000 E. None of the above 4. The breakeven point decreases if: A. the variable cost per unit increases B. total fixed costs decrease C. the contribution margin per unit decreases D. the selling price per unit decreases

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## This note was uploaded on 12/17/2010 for the course ACC 02320 taught by Professor Devidal during the Fall '09 term at University of Texas at Austin.

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Fall 2010 Practice Exam 1 parrt 2 - Spring 2009 Exam 2 -...

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