Practice Quiz 13A
Complete the following quiz for the lesson: Cost Volume Profit Analysis
Understanding how a company's various costs behave with changes in sales volume allows a company's management to understand the effect any changes in sales volume will have on a company's profits. *
1 point
A company's relevant range in the context of CVP analysis refers to a company's *
1 point
Variable costs *
1 point
Which of the following costs would most likely be a fixed cost? *
1 point
As the volume of units sold decreases within the relevant range, the fixed cost per unit sold *
1 point
As the volume of units sold increases within the relevant range, the variable cost per unit sold typically *
1 point
In doing simple CVP analysis it is not necessary that every cost of a company be designated as either a variable or fixed cost. *
0 points
Which of the following is probably a mixed cost which must then be broken up in terms of their fixed and variable cost components for purposes of doing CVP analysis? *
1 point
Assume that total mixed manufacturing overhead costs are \$600,000 at 63,000 units produced and \$280,000 at 23,000 units produced. Both operating levels are within the relevant range. What is the apparent total fixed portion of mixed manufacturing overhead costs using the information provided? *
1 point
Total utility costs amount to \$111,500 at 7,500 units produced and \$71,000 at 3,900 units produced at the high and low levels of activity. What total utility cost should be expected at 5,000 units produced? *
1 point
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