ACCT 2000 Practice Script 2026/2027 | Questions and Answers Graded A+ | Instant Download

ACCT 2000 PRACTICE SCRIPT 2026
QUESTIONS AND ANSWERS GRADED A+

◉ The management function that pertains to keeping the activities
of the enterprise on track is: Answer: controlling


◉ The salary of a plant manager would be considered a: Answer:
product cost


◉ Costs may be classified into three categories according to how
they respond to changes in activity: Answer: variable, fixed, and
mixed


◉ ____________ cost: per unit cost remains the same with changes in
activity. Answer: variable


◉ Which costs in total vary directly and proportionately with
changes in activity? Answer: variable


◉ Which cost in total remain the same with changes in activity?
Answer: fixed

, ◉ Fixed costs per unit costs vary _____________ with changes in
activity. Answer: inversely


◉ __________ costs are part fixed and part variable. Answer: mixed


◉ Sales - _______________________ = contribution margin Answer:
variable costs


◉ Contribution Margin - __________________ = Net Income Answer: fixed
costs


◉ The break-even point can be expressed in _____________ or
_______________. Answer: units or dollars


◉ The break-even point can be calculated in three ways: Answer:
mathematically, contribution margin, CVP graph


◉ Rather than breaking even, managers usually set an income
objective call _____________ ________ _____________. Answer: Target Net
Income


◉ _________________________ is where contribution = fixed costs, total
sales - total costs (fixed + variable), and net income is zero. Answer:
Break-even Point