ACCT 2101 Test Bank 2026/2027 | Questions with Solutions Graded A+ | Instant Download

ACCT 2101 TEST BANK 2026 QUESTIONS WITH
SOLUTIONS GRADED A+


◉ _____ cost per unit varies inversely with the activity level. Answer:
Fixed


◉ ____ costs in total and ____ cost per unit remain constant in the short
run, regardless of changes in activity. Answer: Fixed: variable


◉ ____ costs are constant over small ranges of output , but increases as
levels of activity inscrease. Answer: step


◉ contribution margin is. Answer: sales revenue minus variable costs


◉ Within the relevant range of activity, variable costs. Answer: remain
constant per unit and vary in total


◉ _____ costs vary in total, in direct proportion to changes in activity
level. Answer: variable


◉ Fixed costs remain constant in ____ over the ____ range of activity.
Answer: total:relevant

, ◉ Mixed costs contain ____ and ____ cost elements. Answer: fixed :
variable


◉ Both the total cost and the per -unit cost of _____ costs change with
changes in the level of activity. Answer: mixed


◉ The equation for a straight line can be used to express the relationship
between ___ costs and he level of activity. Answer: mixed


◉ T or F
When using the high low method, fixed costs are calculated after
variable costs are determined. Answer: True


◉ Sales revenue minus variable costs = _____ _______. Answer:
contribution margin


◉ _____ costs remain constant on a per unit basis. Answer: variable


◉ T or F
The relevant range of activity is approximated by a straight line.
Answer: True


◉ Within the relevant range of activity , _____ costs remain constant in
total. Answer: fixed