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Question1 Not yet answered Marked out of 1.00 Remove flag 01. Which of the following best describes activity-based costing? Select one: a. It is selling price less variable cost o b. It is a more precise analysis of overhead than break-even analysis O C. It is an estimate of business sustaining costs O d. It is useful where all products cause similar costs Question 2 Answer saved Marked out of 1.00 P Flag question 02. Which of the following best describes the importance of understanding cost behaviour? Select one O a. It is necessary for sales forecasting o b, it is an integral part of the master budget O C. it is necessary for accurate production volume forecasting O d. it is necessary for understanding cost/volume relationships Question 3 Not yet answered Marked our of 1.00 Remove flag 03. The point where total cost equals sales revenues is a definition of which of the following? Select one: o a. a mixed cost O b. sales forecasting o c. activity-based costing O d. the break-even point Question 4 nswvd Marked out of 1.00 P Flag question 04. Which of the following is true if a company sells more products than the break-even level? Select one: a. It will make an operating profit O b. It will pay a lot of tax o c. It can accurately predict its profit levels o d. It can use activity-based costing Question 5 Not yet answered Marked out of 1.00 P Flag question 05. If a cost is identical under each alternative under consideration within a given decision context. the cost is considered: Select one: o O O a. A sunk cost b. An opportunity cost C. An outlay cost d. An irrelevant cost

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