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Ch 05

Satisfactory Essays

CHAPTER 5
COST-VOLUME-PROFIT
SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY
Item 1. 2. 3. 4. 5. 6. 7. 8. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. LO 1 1 1 1 1 1 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 BT K K K C C C K K C K K C C K C C K C C K C K C C C C C K C C C K Item 9. 10. 11. 12. 13. 14. 15. 16. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. LO 2 3 3 3 3 3 3 4 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 BT C K K C K C K K C C AP K AP AP C C K C AP AP AP K K C AP AP K K C K C C Item 17. 18. 19. 20. 21. 22. 23. 24. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. …show more content…

131. 132. 133. 134. 135.

29. TF 140. MC 143. 30. TF 141. MC 144. 37. TF 142. MC 156. Note: TF = True-False MC = Multiple Choice SA = Short-Answer Essay

MC 102. MC 160. MC 149. MC 176. Learning Objective 6 MC 116. MC 152. MC 117. MC 153. MC 118. MC 161. MC 119. MC 162. MC 120. MC 163. MC 121. MC 168. MC 122. MC 169. MC 123. MC 175. Learning Objective 7 MC 136. MC 155. MC 137. MC 175. MC 138. MC 178. MC 139. MC 179. MC 154. MC 185. Learning Objective 8 MC 164. BE 168. MC 165. BE 181. MC 166. BE 183. BE = Brief Exercise Ex = Exercise

BE Ex MC MC BE BE BE Ex Ex Ex MC Ex Ex Ex Ex Ex Ex Ex

181. 182. 178. 179. 180. 181. 182. 183. 184. 186. 187. 188. 189. 190. 191.

Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex Ex

207.

SA

187. 188. 189. 190. 191. 202. 203.

Ex Ex Ex Ex Ex C C

192.

Ex

184. Ex 204. 187. Ex 193. Ex C = Completion MA = Matching

C

CHAPTER LEARNING OBJECTIVES
1. Distinguish between variable and fixed costs. Variable costs are costs that vary in total directly and proportionately with changes in the activity index. Fixed costs are costs that remain the same in total regardless of changes in the activity index. 2. Explain the significance of the relevant range. The relevant range is the range of activity in which a company expects to operate during a year. It is important in CVP analysis because the behavior of costs is assumed to be linear throughout the relevant range. 3. Explain the concept of mixed costs. Mixed costs increase

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