Acctg II Chp 16 : Cost-Volume-Profit Analysis
Authored by Tina Dilley
Financial Education
12th Grade
Used 4+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If one unit of a product costs $5.00 and ten units of that product cost $50.00, the cost is a variable cost. (p. 470)
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Variable costs plotted on a graph become a straight line parallel with the base of the graph. (p. 470)
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed costs plotted on a graph become a straight line parallel with the base of the graph. (p. 470)
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total variable costs increase as sales increase. (p. 470)
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total fixed costs increase as sales increase. (p. 470)
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net sales less selling and administrative expenses equals marginal income. (p. 471)
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net sales less fixed costs equals contribution margin. (p. 471)
True
False
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