11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally will not include a. property taxes. b. direct labor. C. supervisory salaries. d. depreciation on buildings and equipment. 14) Which one of the following is a name for the range over which a company expects to operate? a. Mixed range b. Fixed range c. Variable range d. Relevant range 15) A mixed cost contains a a variable element and a fixed element. b. both selling and administrative costs. c. both retailing and manufacturing costs. d. both operating and nonoperating costs. 16) Managerial accounting information is generally prepared for a. stockholders. b. creditors. C. managers. d. regulatory agencies. 17) Managerial accounting is applicable to a. service entities. b. manufacturing entities. c. not-for-profit entities. d. all of these 3