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Variable cost / fixed cost Fixed cost / fixed cost Variable cost / fixed cost Variable cost / variable cost Variable cost Fixed cost Mixed cost None of the above varies inversely with the number of hours the lawn equipment is operated. increases in direct proportion to the number of hours the lawn equipment is operated. is not affected by the number of hours the lawn equipment is operated. Both A or B. a variable cost. a fixed cost. a mixed cost. none of the above. $240000 $120000 $80000 $100000 $250000 $100000 $150000 Fixed costs cannot be computed with the information provided stay the same. double as well. increase but will not double. decrease. What was the percentage change in income from 2009 to 2010? (Points : 2) 20% increase 20% decrease 25% decrease 25% increase $6000 $4000 $2000 $0 stay the same. double as well. increase but will not double. decrease. Net income/sales Fixed costs/contribution margin Net income/gross margin Contribution margin/net incomeCost items of the company include:Which of the costs listed above is a direct cost assuming the cost object is an individual printer? (Points : 2) Numbers 1 and 3 Numbers 1 3 and 7 Number 3 only None of the costs is direct to an individual printer $185 $175 $160 $205 can be traced to cost objects in a cost-effective manner. cannot be traced to cost objects cost effectively but can be allocated to cost objects. primarily are variable costs. are not incurred by most companies. identify fixed and variable costs. identify and estimate opportunity costs. determine the cost of a particular cost object. set the selling price for a service.The predetermined overhead rate based on units produced is (rounded to the nearest penny) is: (Points : 2) $0.75 per unit. $9.00 per unit. $34.80 per unit. $10.00 per unit. Direct costs can easily be traced to a cost object; indirect costs cannot be. Both direct and indirect costs can easily be traced to a cost object. Neither direct nor indirect costs are easily traced to a cost object. Indirect costs can be traced easily to a cost object but direct costs cannot be. The cost of wood is a direct and variable cost. The cost of wood is a fixed and indirect cost. The cost of wood is indirect and variable. The cost of wood is a fixed and direct cost. such practice results in a more accurate accumulated cost for the object. such costs cannot be traced to objects in a cost-effective manner. generally accepted accounting principles require some costs to be treated as indirect. all of the above.Cost items of the company include:Which of the costs listed above is a direct cost assuming the cost object is the company as a whole? (Points : 2) All of the costs listed All of the costs except number 4 All of the costs except numbers 4 and 6 None of the above

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