Which of the following is likely a variable cost at a college?
a.salary of the head janitor
b.cost of registration forms
c.salary of the college president
d.rent on the buildings
22.Which is true for per-unit variable costs?
a.increase as output decreases
b.increase as output increases
c.decrease as output decreases
d.remain constant within the relevant range
23.Which of the following is a characteristic of a mixed cost?
a.contains both a fixed and variable component
b.will increase as output decreases
c.will decrease as output increases
d.contains only variable costs
24.When a mixed cost is graphed, what does the Y-intercept correspond to?
a.the fixed cost
b.the variable rate
c.total fixed cost + total variable cost
d.the number of units sold
25.When a mixed cost is graphed, what does the slope of the line equal?
a.the fixed cost per unit of output
b.the total cost per unit
c.the sales price per unit
d.the variable cost per unit of the activity driver
26.Which is true for step costs?
a.remain the same within the relevant range
b.have an increased fixed component at specified intervals
c.increase in direct proportion to increases in output
d.decrease in direct proportion to increases in output
27.What is the formula to calculate a mixed cost?
a.total cost = variable rate ? amount of output
b.total cost = total fixed cost + (variable rate ? amount of output)
c.total cost = fixed rate ? amount of output
d.t total cost = total fixed cost – (variable rate ? amount of output)
28.Which of the following is most likely to be a mixed cost?
a.rent on building
c.repair and maintenance
29.If output increases, what is most likely to be the result?
a.Per-unit fixed cost will decrease.
b.Total variable costs will decrease.
c.Total mixed costs will decrease.
d.Total mixed costs will stay the same.
30.If output decreases, what is most likely to be the result?
a.Total fixed costs will remain the same.
b.Total variable costs will increase.
c.Total mixed costs will remain the same.
d.Total mixed costs will increase.
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