PracticeExam2

PracticeExam2 - Practice Exam In an effort to provide equal...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Practice Exam In an effort to provide equal access and fairness to all students, the instructor is providing a sample exam for student review. Although the provided examination gives direction on the instructors’ style of evaluation, it does not indicate exactly what will be on upcoming examinations. Examinations may vary based on format, length, content and other characteristics.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. Salaries of accounts receivable clerks when one clerical worker is needed for every 750 accounts receivable is an example of a: a. fixed cost b. step-variable cost c. mixed cost d. curvilinear cost 2. In the standard cost formula Y = a + bX, what does the "Y" represent? a. total cost b. total fixed cost c. total variable cost d. variable cost per unit 3. A is a fixed 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. d. The cost per unit of B has remained unchanged. 4. For an automobile manufacturer, the cost of a driver's side air bag purchased from a supplier and installed in every automobile would best be described as a: a. fixed cost.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

PracticeExam2 - Practice Exam In an effort to provide equal...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online