# Question: Complete the following statements with one of the terms listed

Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.

a. _______ remain constant in total over a wide range of volume.

b. _______ is often referred to as the “goodness-of-fit” statistic.

c. _______ and _______ increase in total as volume increases.

d. Graphs of _______ always begin at the origin.

e. _______ uses the manager’s judgment to determine the cost behaviour of various accounts.

f. _______ remain constant in total over small ranges of activity.

g. _______ and _______ increase on a per unit basis as volume decreases.

h. _______ uses only two historical data points to determine the cost line and cost equation.

i. _______ remain constant on a per unit basis.

j. When graphing cost equations, _______ are always shown on the y-axis.

k. The _______ should not be used to predict total costs at various volumes unless it is strictly a/an _______.

l. _______ uses all historical data points provided to determine the cost equation.

m. _______ are the result of previous management decisions and are not usually controllable in the short run.

a. _______ remain constant in total over a wide range of volume.

b. _______ is often referred to as the “goodness-of-fit” statistic.

c. _______ and _______ increase in total as volume increases.

d. Graphs of _______ always begin at the origin.

e. _______ uses the manager’s judgment to determine the cost behaviour of various accounts.

f. _______ remain constant in total over small ranges of activity.

g. _______ and _______ increase on a per unit basis as volume decreases.

h. _______ uses only two historical data points to determine the cost line and cost equation.

i. _______ remain constant on a per unit basis.

j. When graphing cost equations, _______ are always shown on the y-axis.

k. The _______ should not be used to predict total costs at various volumes unless it is strictly a/an _______.

l. _______ uses all historical data points provided to determine the cost equation.

m. _______ are the result of previous management decisions and are not usually controllable in the short run.

## Answer to relevant Questions

Perreth Drycleaners has capacity to clean up to 5,000 garments per month. Requirements 1. Complete the following schedule for the three volumes shown. 2. Why does the average cost per garment change? 3. Suppose the owner, ...Use your judgment (just as a manager would use his or her judgment for account analysis) to determine the cost behaviour of each of the following personal costs: a. Apartment rental, $500 per month b. Local phone service ...Refer to Asokan’s “Golden Brown” Pancake Restaurant in E6-32A. Requirements 1. Use the high-low method to determine Asokan’s operating cost equation. 2. Use your answer from Requirement 1 to predict total monthly ...Graph these cost behaviour patterns over a relevant range of 0–10,000 units: a. Variable expenses of $6 per unit b. Mixed expenses made up of fixed costs of $30,000 and variable costs of $2 per unit c. Fixed expenses of ...Ritter Razors produces deluxe razors that compete with Gillette’s Mach line of razors. Total manufacturing costs are $100,000 when 20,000 packages are produced. Of this amount, total variable costs are $40,000. What are ...Post your question