ACC 561 Week 4 Wiley Plus Practice Quiz
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Week 4 Wiley Plus Quiz Study Guide
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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