High Low method can be defined as A select the highest production activity B select the lowest production activity C select the highestproduction cost D select the lowestproduction cost can be more than one answer Fixed cost can be defined as A costthat is varied as activity level is constant B cost that is constant as activity level is constant C all answers are irrelevant D costthat is constant as activity level is varied Cost behavouris important in A all answers are irrelevant B long term decision analysis C mid term decision analysis D short term decision analysis High Low method will provide a distorted analysis when A workers go for strike B workers sent for training C machine break down D all the answers are correct can be more than one answer A factory changes the depreciation method from the straight line method to reducing balance method on machines used in Store room As a result of the change, the total depreciation cost has increasedfrom RM13,000 to RM21,000 Therefore, depreciation cost is classified as A fixed cost becausethe increase in cost is not related to production units B semi variable because cost increased affects the variable cost portion C stepped fixed cost because the cost is constant from the beginning then increased later D variable cost because the cost has increased can be more than one answer Semi variable consists of A total cost B fixed cost C variable cost D stepped fixed cost can be more than one answer Fixed cost per unit is always A variable B constant C can be bothconstant and variable It depends on production units D can be constant or variable It depends on production u can be more than one answer A factory changes the depreciation method from the straight line method to reducing balance method on machines used in the assembly lines As a result of the change, the total depreciation cost has increasedfrom RM13,000 to RM21,000 Therefore, depreciation cost is classified as A stepped fixed cost B variable production cost C semi variable cost D fixed production cost can be more than one answer variable costs consists of A Fixed production cost B variable selling expenses C variable productioncost D Fixed selling expenses can be more than one answer The cost ofchicken mincemeat thatused in producing hot dog is classified as A stepped fixed costs B fixed production cost C variable cost D semi variable costs E variable production cost can be more than one answer Depreciation of machines will increase when the factory A maintenance activities are increasing B machine frequently breaks down C change the depreciation method from the straight line method to a reducing balance method D add another new machine into production can be more than one answer Fixed costs consists of A stepped fixed costs B fixed selling expenses C fixed production costs D semi variable cost can be more than one answer Variable cost per unit is always A can be constant or variable It depends on production units B constant regardless of the increase in production units C variable as production increases D can be both constant and variable It depends on production units can be more than one answer When a company suffers Rm50,000 loss because of its factory destroyed by a fire The RM50,000is classified as A all answers are irrelevant B semi variable cost C fixed cost D variable cost can be more than one answer Which of the following(s)is are classified as fixed costs A Production supervisor salary B discounts received from supplier C depreciation of machine D insurance can be more than one answer Cost behaviorcan be driven by A units control B units produced C units delivered D all the answers are correct E units sold F units checked can be more than one answer Variable cost can be defined as A All answers are not relevant B cost that will not be changed as the activity level is increasing C cost that will be changed as the activity level is not changed D cost that will be changed as the activity level is increasing can be more than one answer Step fixed cost can be defined as A constant in short term, varied in long term B varied in short term,constantin long term C all answers are applicable depends on specific condition D varied in short term,variedin long term Which of the following are the purpose(s) of using cost behavior A making long term decisions B analyzing profitability C doing product costing D set up budgeting E all the answers are correct can be more than one answer Semi variable cost can be defined as A if activity is varied,cost is constant B if activity is zero, the cost is constant C if activity is constant, the cost is zero D if activity is varied,cost is varied

The Answer is in the image, click to view ...

Question: High-Low method can be defined as ____________________. A. select the highest production activity B. select the lowest production activity. C. select the highestproduction cost D.

High-Low method can be defined as ____________________.

	A.	select the highest production activity
	B.	select the lowest production activity.
	C.	select the highestproduction cost
	D.	select the lowestproduction cost.

can be more than one answer.

Fixed cost can be defined as _____________________________-

	A.	costthat is varied as activity level is constant
	B.	cost that is constant as activity level is constant
	C.	all answers are irrelevant.
	D.	costthat is constant as activity level is varied

Cost behavouris important in __________________

	A.	all answers are irrelevant.
	B.	long term decision analysis.
	C.	mid-term decision analysis.
	D.	short term decision analysis.

High-Low method will provide a distorted analysis when _______________.

	A.	workers go for strike.
	B.	workers sent for training.
	C.	machine break down.
	D.	all the answers are correct.

can be more than one answer.

A factory changes the depreciation method from the straight-line method to reducing balance method on machines used in Store room.As a result of the change, the total depreciation cost has increasedfrom RM13,000 to RM21,000. Therefore, depreciation cost is classified as _____________.

	A.	fixed cost becausethe increase in cost is not related to production units.
	B.	semi-variable because cost increased affects the variable cost portion.
	C.	stepped fixed cost because the cost is constant from the beginning then increased later.
	D.	variable cost because the cost has increased.

can be more than one answer..

Semi-variable consists of _______________________.

	A.	total cost
	B.	fixed cost
	C.	variable cost
	D.	stepped fixed cost

can be more than one answer..

Fixed cost per unit is always ____________________.

	A.	variable
	B.	constant
	C.	can be bothconstant and variable.It depends on production units.
	D.	can be constant or variable.It depends on production u

can be more than one answer..

A factory changes the depreciation method from the straight-line method to reducing balance method on machines used in the assembly lines. As a result of the change, the total depreciation cost has increasedfrom RM13,000 to RM21,000. Therefore, depreciation cost is classified as _____________.

	A.	stepped fixed cost.
	B.	variable production cost.
	C.	semi-variable cost.
	D.	fixed production cost.

can be more than one answer..

variable costs consists of ____________________________

	A.	Fixed production cost.
	B.	variable selling expenses
	C.	variable productioncost
	D.	Fixed selling expenses

can be more than one answer..

The cost ofchicken mincemeat thatused in producing hot dog is classified as ____________________

	A.	stepped fixed costs.
	B.	fixed production cost.
	C.	variable cost.
	D.	semi-variable costs.
	E.	variable production cost.

can be more than one answer..

Depreciation of machines will increase when the factory _________________.

	A.	maintenance activities are increasing.
	B.	machine frequently breaks down.
	C.	change the depreciation method from the straight-line method to a reducing balance method.
	D.	add another new machine into production.

can be more than one answer..

Fixed costs consists of ___________________.

	A.	stepped fixed costs
	B.	fixed selling expenses
	C.	fixed production costs
	D.	semi-variable cost

can be more than one answer..

Variable cost per unit is always _________________.

	A.	can be constant or variable.It depends on production units.
	B.	constant regardless of the increase in production units.
	C.	variable as production increases.
	D.	can be both constant and variable.It depends on production units.

can be more than one answer..

When a company suffers Rm50,000 loss because of its factory destroyed by a fire.The RM50,000is classified as__________________.

	A.	all answers are irrelevant.
	B.	semi-variable cost.
	C.	fixed cost.
	D.	variable cost

can be more than one answer..

Which of the following(s)is/are classified as fixed costs?

	A.	Production supervisor salary
	B.	discounts received from supplier
	C.	depreciation of machine
	D.	insurance

can be more than one answer.

Cost behaviorcan be driven by __________________________________

	A.	units control
	B.	units produced.
	C.	units delivered.
	D.	all the answers are correct
	E.	units sold.
	F.	units checked.

can be more than one answer.

Variable cost can be defined as ________________________________

	A.	All answers are not relevant.
	B.	cost that will not be changed as the activity level is increasing.
	C.	cost that will be changed as the activity level is not changed.
	D.	cost that will be changed as the activity level is increasing.

can be more than one answer.

Step-fixed cost can be defined as ____________________

	A.	constant in short term, varied in long term.
	B.	varied in short term,constantin long term.
	C.	all answers are applicable depends on specific condition.
	D.	varied in short term,variedin long term.

Which of the following are the purpose(s) of using cost behavior?

	A.	making long term decisions.
	B.	analyzing profitability.
	C.	doing product costing.
	D.	set up budgeting.
	E.	all the answers are correct.

can be more than one answer.

Semi-variable cost can be defined as _____________________

	A.	if activity is varied,cost is constant.
	B.	if activity is zero, the cost is constant.
	C.	if activity is constant, the cost is zero.
	D.	if activity is varied,cost is varied.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

I have three assignments that I need your help with. Please provide answers to study guide on answer sheet. Thank you in advance. E20-19 Determining fixed cost per unit Learning Objective 1 90 units...

1. Manufacturing overhead was estimated to be $750,000 for the year along with 15,000 direct labor hours. Actual manufacturing overhead was $500,000, and actual direct labor hours were 19,000. What...

III sbon 6 yet word ked out of Lag question You were awarded a tender to supply data bundle packages to the tertiary institution students. At the beginning of 2021. 154 January, there were 400 data...

5. A total of all direct costs of production is also known as Select one: A. Production cost B. Variable cost C. Total cost D. Prime cost 6. In most companies, direct labour is treated as; Select...

I have attached a file I need these done ASAP please thanks in advance Question 7 Question text Green Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retailers....

When using activity-based costing in a manufacturing setting, its distinctive feature is the focus on Select one: A. minimizing manufacturing costs. B. minimizing the number of journal entries...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

I have attached the corresponding lessons for assignment 8, it usually includes practice problems at the bottom that look similar to the assignment. ASSIGNMENT 7 JOB ORDER COSTING Directions: After...

Stubing Company has two producing departments and two support centers. The following budgeted data pertain to these four departments: Support Departments Producing Departments Maintenance Personnel...

Calculate the present values of the following cash flows: (a) $1,000 to be received every year, starting one year from now, for 25 years at a discount rate of 8% (b) $2,500 to be received every year,...

Regina placed a rental property in service on February 1 , 2 0 2 4 . On August 1 , she installed a fence around the property. Under the General Depreciation System ( GDS ) , what is the recovery...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....