6.______The relevant range is

a.The "plus or minus" in a confidence interval

b.The range of activity over which cost/volume relations are linear

c.The scope of projections between minimum and maximum volume estimates

d.The area of analysis between breakeven and actual activity

e.None of the above

7.______Which of the following is generally the most accurate method of cost estimation?

a.High-low (two-point)

b.Semi-averages

c.Least squares

d.They are all equally accurate

e.None of the above

8.______A differential cost is

a.Any cost that does not vary between alternatives

b.Any cost that is already paid for and cannot be recovered

c.The possible benefits sacrificed by not choosing to take an opportunity

d.The difference in cost between two alternatives

e.None of the above

9.______In the CVP graph, the dependent variable is

a.Volume

b.Cost

c.Profit

d.Variable cost only

e.None of the above

10.______In activity-based costing, a cost pool is effectively defined as

a.That to which a cost is assigned

b.The rate developed from historical information

c.The combination of all fixed costs only

d.All costs that have the same cost driver

e.None of the above