12. Cost activity indexes might help classify costs as Question 12 options: permanent. transient. temporary. variable.

14. Firms operating at 100% capacity Question 14 options: have no fixed costs. are the exception rather than the rule. are common. have no variable costs.

15.Which one of the following is a name for the range over which a company expects to operate? Question 15 options: Relevant range Variable range Fixed range Mixed range

16.If Whisper Wings Airlines cuts its domestic fares by 30%, Question 16 options: a profit can be earned either by increasing the number of passengers or by decreasing variable costs. a profit can only be earned by decreasing the number of flights. its fixed costs will decrease. profit will increase by 30%.

17.The high-low method is criticized because it Question 17 options: ignores much of the available data by concentrating on only the extreme points. doesn't provide reasonable estimates. is not a graphical method. is a mathematical method.

18.Sanclus Winery has fixed costs of $16,000 per year. Its warehouse sells wine with variable costs of 80% of its unit selling price. How much in sales does Sanclus need to break even per year? Question 18 options: $3,200 $80,000 $12,800 $20,000