1. A company has the following cost data: variable costs, 120; fixed costs, 100, and is working at 50% capacity. What is your total cost of production, under the criterion of rational imputation?

Group of answer choices

A. 120.

B. 220.

C. 110.

D. 170.

2. The lubricant of a machine is a:

Group of answer choices

A. Fixed cost.

B. Variable direct cost.

C. Fixed variable cost.

D. Indirect variable cost.

3. What is the basic principle of the ABC cost system?

Group of answer choices

a. Activities consume resources and products consume activities

b. Products consume raw materials and activities consume labor.

c. Activities consume time and products consume raw materials.

d. Activities produce indirect costs and products direct costs.

4. When we place an order and the service is provided or the good is delivered to us by the supplier, our accounts must say

a. Nothing, because the invoice has not yet arrived.

b. I have to pay, even if the invoice has not arrived.

c. I must account for the expense, making provision for it, even if the invoice has not reached me.

d. I must claim the invoice and make the payment.