QUIZ -...

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1.  What is a cost whose total amount changes in direct proportion to a change in volume? (Points : 1)        mixed cost       fixed cost       irrelevant cost       variable cost 2.  Which of the following costs is an example of a fixed cost? (Points : 1)        delivery costs       salary of plant manager       direct materials       sales commissions 3.  If production increases by 15%, how will total variable costs likely react? (Points : 1)        remain the same       decrease by 15%       increase by 7.5%       increase by 15% 4.  Which of the following statements is TRUE with respect to fixed costs per unit? (Points : 1)        They will increase as production decreases       They will decrease as production decreases       They will remain the same as production levels change       They will increase as production increases
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QUIZ -...

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