17. "Within the relevant range, if there is a change in the level of the cost driver, then:" fixed costs per unit will change and variable costs per unit will remain the same fixed costs per unit will remain the same and variable costs per unit will change fixed and variable costs per unit will remain the same fixed and variable costs per unit will change

17. "Within the relevant range, if there is a change in the level of the cost driver, then:" fixed costs per unit will change and variable costs per unit will remain the same fixed costs per unit will remain the same and variable costs per unit will change fixed and variable costs per unit will remain the same fixed and variable costs per unit will change

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...

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Discuss the two factors affecting both sales and variable costs to which a change in contribution margin can be attributed.
Which of the following statements is true regarding average fixed costs? A. Average fixed costs per unit remain fixed regardless of level of activity. B. Average fixed costs per unit rise as the level of activity rises. C. Average fixed costs per unit fall as the level of activity rises. D. Average fixed costs per unit cannot be determined.
When should a segment be dropped? A. only when the decrease in total contribution margin is less than the decrease in fixed cost B. only when the decrease in total contribution margin is equal to fixed cost C. only when the increase in total contribution margin is more than the decrease in fixed cost D. only when the decrease in total contribution margin is less than the decrease in variable cost
When fixed costs increase and all other variables remain unchanged, the contribution margin will A. remain unchanged _____________________. B. increase C. decrease D. increase variable costs per unit
20. "Within the relevant range, if there is a change in the level of the cost driver, then:" total fixed costs will remain the same and total variable costs will change total fixed costs will change and total variable costs will remain the same total fixed costs and total variable costs will remain the same total fixed costs and total variable costs will change
24.Within the relevant range, if there is a change in the level of the cost driver then a. fixed and variable costs per unit will change. b. fixed and variable costs per unit will remain the same. c. fixed costs per unit will remain the same and variable costs per unit will change. d. fixed costs per unit will change and variable costs per unit will remain the same. Option 2
20. Which of the following statements is correct about variable costs? a. Variable costs vary on per unit basis but remain the same in total as the level of activity changes b. Variable costs vary on per unit basis as the level of activity changes c. Variable costs vary in total in direct proportion to changes in the level of activity d. Variable costs remain the same in total as the level of activity changes
25. Which of the following costs has no relationship with the level of output?a) Semi-variable costs.b) Variable costs. c) Stepped fixed costs. d) Fixed costs.
50.Within the relevant range, if there is a change in the level of the cost driver then a. total fixed costs and total variable costs will change. b. total fixed costs and total variable costs will remain the same. c. total fixed costs will remain the same and total variable costs will change. d. total fixed costs will change and total variable costs will remain the same.
Which of the following is the difference between variable costs and fixed costs? (CMA adapted) Multiple Choice Variable costs per unit are fixed and fixed costs per unit are variable, over the relevant range. Variable costs per unit fluctuate and fixed costs per unit remain constant. Total variable costs are variable over the relevant range and fixed in the long term, while fixed costs never change. Variable costs per unit change in varying increments, while fixed costs per unit change in equal units.
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? As the cost driver level increases, total fixed cost remains unchanged. As the cost driver level increases, unit fixed cost increases. As the cost driver level decreases, unit variable cost decreases. 1, 2, and 3 are correct. 1 and 2 only are correct. 1 only is correct. 2 and 3 only are correct.
Which of the following cost behavior assumptions is true? (You may select morethan one answer.)a. Variable costs are constant if expressed on a per unit basis.b. Total variable costs increase as the level of activity increases.c. The average fixed cost per unit increases as the level of activity increases.d. Total fixed costs decrease as the level of activity decreases

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		fixed costs per unit will change and variable costs per unit will remain the same
		fixed costs per unit will remain the same and variable costs per unit will change
		fixed and variable costs per unit will remain the same
		fixed and variable costs per unit will change