Name Principles of Managerial Accounting Quiz 5-Chapter 6 1) Variable cos ts are

Question

Name Principles of Managerial Accounting Quiz 5-Chapter 6 1) Variable cos ts are described by which of the following statements? A) They are fixed in total. B) They vary per unit of output. C) Th D) They decrease per unit as production volume increases ey are fixed per unit and vary in total. total fixed costs, which of the following statements is true? 2) With respect to A) They will decrease as production decreases within the relevant range. B) They will remain the same as production levels change within the relevant range. C) They will increase as production decreases within the relevant range. D) They will decrease as production increases within the relevant range. 3) Board Games, Inc. makes board games. The following data pertains to the last it Manuf Direct Lahor U onth1

Explanation / Answer

1 Variable costs are fixed per unit and vary in total 2 Fixed costs will remain the same as production volume changes within the relevant range

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