Question 1

Within the relevant range,what is the difference between variable costs and fixed costs?

Accepted Answer

A)  Variable costs per unit fluctuate and fixed costs per unit remain constant. 
B)  Variable costs per unit are constant and fixed costs per unit fluctuate. 
C)  Total variable costs and total fixed costs are constant. 
D)  Total variable costs and total fixed costs fluctuate. 
A)  Variable costs per unit fluctuate and fixed costs per unit remain constant. 
B)  Variable costs per unit are constant and fixed costs per unit fluctuate. 
C)  Total variable costs and total fixed costs are constant. 
D)  Total variable costs and total fixed costs fluctuate.

Question 2

The accounts for a manufacturing company for an accounting period are listed below.Find the unknown amounts indicated by question marks.

Accepted Answer

@#IMG-DLM& 
Cost of goods sold = $39,000 - $11,700

Question 3

Assuming that cost of goods sold for January was $124,000,what was the net income for January?

Accepted Answer

A)  $61,000. 
B)  $26,000. 
C)  $51,000. 
D)  $25,000.= 210,000 - 124,000 - 25,000 - 35,000 = $26,000. 
A)  $61,000. 
B)  $26,000. 
C)  $51,000. 
D)  $25,000.= 210,000 - 124,000 - 25,000 - 35,000 = $26,000.

Within the relevant range,what is the difference between variable costs and fixed costs?

The accounts for a manufacturing company for an accounting period are listed below.Find the unknown amounts indicated by question marks.

Assuming that cost of goods sold for January was $124,000,what was the net income for January?

Managerial Accounting and the Business Environment

Cost Behaviour: Analysis and Use

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Systems Design: Process Costing

Activity-Based Costing: a Tool to Aid Decision Making

Variable Costing: a Tool for Management

Budgeting

Standard Costs and Overhead Analysis

Reporting for Control

Relevant Costs for Decision Making

Capital Budgeting Decisions

Financial Statement Analysis Online

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Exam 2: Cost Terms, Concepts, and Classifications

Within the relevant range,what is the difference between variable costs and fixed costs?

The accounts for a manufacturing company for an accounting period are listed below.Find the unknown amounts indicated by question marks.

Assuming that cost of goods sold for January was $124,000,what was the net income for January?

Managerial Accounting and the Business Environment

Cost Behaviour: Analysis and Use

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Systems Design: Process Costing

Activity-Based Costing: a Tool to Aid Decision Making

Variable Costing: a Tool for Management

Budgeting

Standard Costs and Overhead Analysis

Reporting for Control

Relevant Costs for Decision Making

Capital Budgeting Decisions

Financial Statement Analysis Online

Filters