Multiple Choice Question 39A variable cost is a cost thatMultiple Choice Question 42An increase in the level of activity will have the following effects on unit costs for variable and fixed costs:Unit Variable CostUnit Fixed CostMultiple Choice Question 43A fixed cost is a cost whichMultiple Choice Question 86Hollis Industries produces flash drives for computers which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. How much is the contribution margin ratio?Multiple Choice Question 87Contribution marginMultiple Choice Question 100The equation which reflects a CVP income statement isMultiple Choice Question 104A company sells a product which has a unit sales price of $5 unit variable cost of $3 and total fixed costs of $150000. The number of units the company must sell to break even isMultiple Choice Question 93Only direct materials direct labor and variable manufacturing overhead costs are considered product costs when usingMultiple Choice Question 96Under absorption costing and variable costing how are fixed manufacturing costs treated?AbsorptionVariableMultiple Choice Question 121Management may be tempted to overproduce when using
