Complete the following statements with one of the terms listed here. You may use a term more
Question:
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 managers 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.
Step by Step Answer:
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp