Which of the following is NOT a characteristic of a relevant cost? a. The cost...
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Accounting
Which of the following is NOT a characteristic of a relevant cost?
a. The cost occurs in the future
b. The cost differs between the decision alternatives.
c. The cost is a sunk cost.
d. The cost is an opportunity cost.
What impact would an increase in the selling price per unit have on the break-even point in units?
a. The break-even point in units will decrease.
b. The break-even point in units will increase.
c. The break-even point in units will remain the same.
d. The impact on the break-even point in units cannot be determined from the information provided.
Linda is making a difficult decision about returning to school to earn a four-year undergraduate degree. Her current salary is $40,000 per year. The cost of her tuition will be $5,000 per term with two terms per year. Ignoring the time value of money, what is the opportunity cost for Linda if she returns to school?
a. $40,000
b. $50,000
c. $160,000
d. $200,000
Under variable costing, fixed manufacturing overhead is treated as a
a. product cost and expensed when the product is sold.
b. period cost and expensed when the cost is incurred.
c. period cost and expensed when the product is sold.
d. product cost and expensed when the cost is incurred.
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