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QUESTION 27 On a per unit basis, variable costs remain constant with changes in volume....

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QUESTION 27 On a per unit basis, variable costs remain constant with changes in volume. True False QUESTION 28 Please match the following terms with their definitions. The operating level needed to satisfy expected sales demand. A. Cost behavior The maximum productive output possible over a given period. B. Variable costs C. Fixed costs The point at which total revenues equal total costs. D. Relevant range The way costs respond to changes in volume or activity. E. Mixed costs Sales minus total variable costs. F. Theoretical (ideal) capacity A method of determining profit at different levels of volume. G. Practical capacity Costs that vary in direct proportion to volume. H. Normal capacity I. Cost-volume-profit (C-V-P) analysis Costs that remain constant within a relevant range of volume or J. Breakeven point activity. K. Contribution margin | Ideal capacity reduced by normal work stoppages. Costs with both fixed and variable components. The span of activity in which actual operations are likely to occur. QUESTION 29 Which of the following will always be a relevant cost? A. Sunk cost B. Fixed cost C. Variable cost D. Opportunity cost

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