Question 1

What is the quickest and easiest method that might increase profit. It may not work, but you can implement it overnight.

Group of answer choices

reduce fixed costs

get more customers

reduce variable costs

increase prices

_________

Question 2

You own a manufacturing company. It makes skateboards. When wood is moved to production, the transaction is a credit to raw materials and a debit to

Group of answer choices

manufacturing overhead

finished goods

production

work in process

______________

Question 3

The salary of the security guard in the factory is an example of

Group of answer choices

a period cost

manufacturing overhead

direct labor

a retroactive cost

_________________

Question 4

What must be developed before a production budget?

Group of answer choices

Sales budget

labor budget

materials budget

period costs

________________

Question 5

If I decrease fixed costs this will

Group of answer choices

it depends

decrease the break even point

increase the break even point

the break even point will remain the same