Email Id : support@studentehelp.com

Join the largest growing online portal for ACC 561 Week 4 Quiz help. Get the best help available online to the course (University of Phoenix) and score the highest grades in discussion questions. We bring best answer to you to solve your all related problems. It’s never too late to make your grades better so get connect with StudentEHelp to score good marks in exam. We specialize in providing you with the best sources for completing the individual assignment and entire classes..

ACC 561 Week 4 Quiz

ACC 561 Week 4 Quiz
ACC 561 Week 4 Quiz -

39. A variable cost is a cost that

  • may or may not be incurred, depending on management's discretion.
  • occurs at various times during the year.
  • varies in total in proportion to changes in the level of activity.
  • varies per unit at every level of activity.

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

         Unit Variable Cost               Unit Fixed Cost

  • Increases                           Decreases
  • Remains constant               Remains constant
  • Decreases                          Remains constant
  • Remains constant               Decreases

43. A fixed cost is a cost which

  • remains constant per unit with changes in the level of activity.
  • remains constant in total with changes in the level of activity.
  • varies inversely in total with changes in the level of activity.
  • varies in total with changes in the level of activity.

86. 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?

  • 80%
  • 20%
  • 30%
  • 70%

87.Contribution margin

  • is calculated by subtracting total manufacturing costs per unit from sales revenue per unit.
  • equals sales revenue minus variable costs.
  • is always the same as gross profit margin.
  • excludes variable selling costs from its calculation.

100. The equation which reflects a CVP income statement is

  • Sales + Fixed costs = Variable costs + Net income.
  • Sales – Variable costs + Fixed costs = Net income.
  • Sales – Variable costs – Fixed costs = Net income.
  • Sales = Cost of goods sold + Operating expenses + Net income.

104.A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $150,000. The number of units the company must sell to break even is

  • 50,000 units.
  • 30,000 units.
  • 75,000 units.
  • 300,000 units.

93. Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using

  • variable costing.
  • absorption costing.
  • product costing.
  • full costing.

96. Under absorption costing and variable costing, how are fixed manufacturing costs treated?

           Absorption                 Variable

  • Period Cost               Period Cost
  • Product Cost             Product Cost
  • Period Cost               Product Cost
  • Product Cost             Period Cost

121. Management may be tempted to overproduce when using

  • absorption costing, in order to increase net income.
  • absorption costing, in order to decrease net income.
  • variable costing, in order to increase net income.
  • variable costing, in order to decrease net income.

Total Reviews(0)

Most Popular Assignments And Final Exams for ACC 561

ACC 561 Final Exam
ACC 561 Final Exam
Rating: A+ Purchased: 39 Times

$24.99

ACC 561 Week 6 Final Exam
ACC 561 Week 6 Final Exam
Rating: A+ Purchased: 39 Times

$24.99

ACC 561 Week 6 Complete
ACC 561 Week 6 Complete
Rating: No Rating Purchased: 0 Times

$15.99

ACC 561 Week 6 WileyPLUS Assignment
ACC 561 Week 6 WileyPLUS Assignment
Rating: No Rating Purchased: 0 Times

$7.99

ACC 561 Week 6 Quiz
ACC 561 Week 6 Quiz
Rating: A+ Purchased: 26 Times

$8.99

ACC 561 Week 6 DQ 2
ACC 561 Week 6 DQ 2
Rating: No Rating Purchased: 0 Times

$1.99

ACC 561 Week 6 DQ 1
ACC 561 Week 6 DQ 1
Rating: No Rating Purchased: 0 Times

$1.99

ACC 561 Week 5 Complete
ACC 561 Week 5 Complete
Rating: No Rating Purchased: 0 Times

$15.99