Question: 16. (TCO 9) If the activity level increases 10%, total variable costs will _____. (Points : 5) remain the same increase by more than 10%

16. (TCO 9) If the activity level increases 10%, total variable costs will _____. (Points : 5)

remain the same increase by more than 10% decrease by less than 10% increase 10%

Question 17. 17. (TCO 9) At the high level of activity in November, 7,000 machine hours were run and power costs were $12,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, what is the estimated fixed cost element of power costs? (Points : 5)

$12,000 $6,000 $3,600 $8,400

Question 18. 18. (TCO 10) What is the method used to determine whether the budgeting process is operating effectively? (Points : 5)

Budget evaluation Budget review Budget appraisal Budget audit

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