ACC 561 Week 4 Wiley Plus Practice Quiz

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Week 4 Wiley Plus Quiz Study Guide

 

ACC/561

 

September 1, 2015

 

 

 

 

 

 

 

Question 1

 

A variable cost is a cost that

 

 

 

Question 2

 

An increase in the level of activity will have the following effects on unit costs for variable and fixed costs:

 

 

 

Question 3

 

A fixed cost is a cost which

 

 

 

Question 4

 

Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?

 

 

 

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