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Test bank solution manual of ch02 cost terminology and cost behaviors (1)

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Nội dung chi tiết: Test bank solution manual of ch02 cost terminology and cost behaviors (1)

Test bank solution manual of ch02 cost terminology and cost behaviors (1)

Chapter 2—Cost Terminology and Cost BehaviorsStudent:________________________________________________________________1A cost object is anything for wh

Test bank solution manual of ch02 cost terminology and cost behaviors (1)hich management wants to collect or accumulate costs.True False2A production plant could be a cost object.True False3A specific product cannot be a co

st object.True False4The portion of an asset's value on the balance sheet is referred to as an expired cost.True False5The portion of an asset that wa Test bank solution manual of ch02 cost terminology and cost behaviors (1)

s consumed during a period is referred to an expired cost.True False6A variable cost remains constant on a per-unit basis as production increases. Tru

Test bank solution manual of ch02 cost terminology and cost behaviors (1)

e False7A fixed cost remains constant on a per-unit basis as production changes.True False8The relevant range is valid for all levels of activity.True

Chapter 2—Cost Terminology and Cost BehaviorsStudent:________________________________________________________________1A cost object is anything for wh

Test bank solution manual of ch02 cost terminology and cost behaviors (1) False11Fixed cost per unit varies directly with production.True False12Variable cost per unit remains constant within the relevant range.True False13

A cost that shifts upward or downward when activity changes by a certain interval is referred to as a mixed cost.Tine False14A cost that shifts upward Test bank solution manual of ch02 cost terminology and cost behaviors (1)

or downward when activity changes by a certain interval is referred to as a step cost.True False15If the cost of an additive is $5,000 + S0.50 for ev

Test bank solution manual of ch02 cost terminology and cost behaviors (1)

ery unit of solvent produced, the cost is classified as a mixed cost.Tine False16If the cost of an additive is S5.000 + S0.50 for every unit of solven

Chapter 2—Cost Terminology and Cost BehaviorsStudent:________________________________________________________________1A cost object is anything for wh

Test bank solution manual of ch02 cost terminology and cost behaviors (1) a cost driver.Tine False18A mixed cost will be an effective cost driver.True False

Chapter 2—Cost Terminology and Cost BehaviorsStudent:________________________________________________________________1A cost object is anything for wh

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