As production increases, the fixed cost per unit a. decreases b. remains the same c. increases d. either increases or decreases, depending on the variable costs
As production increases, the fixed cost per unit a. decreases b. remains the same c. increases d. either increases or decreases, depending on the variable costs
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 11PB: Use the following standard cost card for 1 gallon of ice cream to answer the questions. Actual...
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Question
As production increases, the fixed cost per unit
a. decreases
b. remains the same
c. increases
d. either increases or decreases, depending on the variable costs
Standard costs are divided into which of the following components?
a. price standard and quantity standard
b. quality standard and quantity standard
c. variance standard and quantity standard
d. materials standard and labor standard
Which of the following activity bases would be the most appropriate for food costs of a hospital?
a. how many MRI's are taken
b. number of patients who stay in the hospital
c. quantity of prescriptions filled
d. number of nurses scheduled to work
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