3- A cost that is easily traceable to a cost object is known as A) Variable cost B) Fixed cost C) Sunk cost D)None of the above 4- Within the relevant range, as the number of units produced increases: A) The variable cost per unit remains the same. B) Fixed costs in total remain the same C) Variable costs increase in total. DAII of the above. 5- Which of the following is a fixed cost? A) A cost that is $25,000 when production is 50,000 units and $20,000 when production is 70,000 units. B) A cost that is $20,000 when production is 50,000 units and $28,000 when production is 70,000 units. C) A cost that is $20,000 when production is 50,000 units and $40,000 when production is 70,000 units. cost that is $40,000 when production is 50,000 units and $40,000 when production is 70,000 units. (Total: 4 marks) SECTION A: TRUE/FALSE AND MCO (Circle one answer TreEabe Questions 1-The one cost that would be classified as part of boh prime cost and conversion cost would be direct material Tru False 2 Advertising cost for a new product campaign is an example of a period cost. True False 3- According to the Standards of Ethical Conduct for Management Accountants, the standard of integrity includes the ongoing development of the accountant's knowledge and skills True ) False Multiple Choice Questions 1-In the standard cost formula Y-a bX what does the "a" represent A) Total cost B)Votal fixed cost C) Units of activity D) None of the above 2-Managerial accounting places considerable weight on: A) Generally accepted accounting principles B) The financial history of the entity C) Ensuring that all transactionns are properly recorded D) Detailed segment reports about departments, peroducts and customers