Workshop 5 - Quiz 5

Workshop 5 - Quiz 5 - Grade Delivery Points Awarded Points...

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Points Awarded 45.00 Points Missed 5.00 Percentage 90.0% 1. A fixed cost is a cost which A) varies in total with changes in the level of activity. B) remains constant per unit with changes in the level of activity. C) varies inversely in total with changes in the level of activity. D) remains constant in total with changes in the level of activity. Points Earned: 5.0/5.0 Correct Answer(s): D 2. If the activity level increases 10%, total variable costs will A) remain the same. B) increase by more than 10%. C) decrease by less than 10%. D) increase 10%. Points Earned: 5.0/5.0 Correct Answer(s): D 3. A mixed cost contains A) a variable element and a fixed element. B) both selling and administrative costs. C) both retailing and manufacturing costs. D) both operating and nonoperating costs. Points Earned: 5.0/5.0 Correct Answer(s): A 4. CVP analysis is not important in A) calculating depreciation expense. B) setting selling prices.
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Workshop 5 - Quiz 5 - Grade Delivery Points Awarded Points...

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