Uses of Accounting Information II - Online
EXAM I - Chapters 1, 2, 3 & 4
(It is suggested that you print out this page.) PART I (20 Points, 2 Points each) Multiple Choice: Indicate the answer that best completes the opening statement.
1. Cost of goods man
Variable costs are costs that vary in total directly and proportionately with changes in
the activity level, remain the same per unit at every level of activity
Fixed costs are costs that remain the same in total regardless of changes in the