Question 8 2 pcs Java Joe's operates a chain of coffee shops. The company pays rent of $12,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,000 per month and all other employees are paid on an hourly basis. Relative to the number of customers, the cost of rent is which kind of cost? Relevant cost O Variable cost Fixed cost O Mixed cost Question 9 2 pts Lucy Treasures operates a chain of gift shops. The company pays liability insurance premiums of $2,500 per year for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the costs of insurance is which kind of cost? O Variable cost O Mixed cost Fixed cost Semi-variable In which of the following industries would a job order cost system most likely be used? Sugar Refining Construction Beverage Question 14 2 pts Which manager is usually held accountable for an explanation of the materials PRICE variance? O marketing manager O purchasing agent O none of the listed answers are correct production supervisor If a capital investment has a negative Net Present Value (NPV), the project's Internal Rate of Return (IRR) is greater than the company's Required Rate of Return (or hurdle rate). O True False Question 16 2 pts If payback period is the only method used to evaluate a capital project, an investment with a shorter payback is preferable to an investment with a longer payback. True False