Solutions Manual For Financial and Managerial
Accounting for MBAs 6th Edition Easton
A mixed cost has a minimum cost of having a service available and ready to use -
ANSWER:True
When mixed costs are represented by a straight-line, the steeper the slope the
higher the variable cost per unit - ANSWER:True
_____ costs remain constant in total within the relevant range of activity -
ANSWER:Fixed
A regional sales manager's salary would be a direct cost of the regional office in
which the sales manager works - ANSWER:True
A direct cost can be easily and conveniently traced to a specific cost object -
ANSWER:True
_____ costs remain constant per unit and vary in total - ANSWER:Variable
Mixed costs are also commonly known as _______ costs - ANSWER:semi-variable
_____ costs vary in total, in direct proportion to changes in activity level -
ANSWER:Variable
Within the ____ ____ of activity, cost assumptions are reasonably vaild -
ANSWER:relevant range
Costs that are shared by multiple cost objects in a company are known as _____
costs - ANSWER:common
Assembly-line supervisor salary and factory security guard wages are an example of -
ANSWER:Indirect labor costs
Nails and glue are considered to be - ANSWER:Indirect materials
Factory insurance, factory rent, and administrative salaries are most likely _____
costs - ANSWER:Fixed
Indirect materials and indirect labor are classified as - ANSWER:manufacturing
overhead
A manufacturing cost that cannot be easily traced to a specific cost object is an ____
cost - ANSWER:indirect
Accounting for MBAs 6th Edition Easton
A mixed cost has a minimum cost of having a service available and ready to use -
ANSWER:True
When mixed costs are represented by a straight-line, the steeper the slope the
higher the variable cost per unit - ANSWER:True
_____ costs remain constant in total within the relevant range of activity -
ANSWER:Fixed
A regional sales manager's salary would be a direct cost of the regional office in
which the sales manager works - ANSWER:True
A direct cost can be easily and conveniently traced to a specific cost object -
ANSWER:True
_____ costs remain constant per unit and vary in total - ANSWER:Variable
Mixed costs are also commonly known as _______ costs - ANSWER:semi-variable
_____ costs vary in total, in direct proportion to changes in activity level -
ANSWER:Variable
Within the ____ ____ of activity, cost assumptions are reasonably vaild -
ANSWER:relevant range
Costs that are shared by multiple cost objects in a company are known as _____
costs - ANSWER:common
Assembly-line supervisor salary and factory security guard wages are an example of -
ANSWER:Indirect labor costs
Nails and glue are considered to be - ANSWER:Indirect materials
Factory insurance, factory rent, and administrative salaries are most likely _____
costs - ANSWER:Fixed
Indirect materials and indirect labor are classified as - ANSWER:manufacturing
overhead
A manufacturing cost that cannot be easily traced to a specific cost object is an ____
cost - ANSWER:indirect
