Question: QUESTION 7 Materials and labor are often grouped together and called conversion costs. True False QUESTION 8 Assume a company's fixed costs are $50,000 and

QUESTION 7 Materials and labor are often grouped

QUESTION 7 Materials and labor are often grouped together and called conversion costs. True False QUESTION 8 Assume a company's fixed costs are $50,000 and its variable cost is $48,000. If its unit sales price is $44 and its unit variable cost is $24.00, what is its contribution margin? a $2,000 Ob. 2,500 units c. 2000 units d. $20.00 QUESTION 9 A total cost that changes in direct proportion to changes in activity is a(n): a. semivariable cost b. fixed cost c. mixed cost. d. variable cost

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