ACG 2071 FINAL PAPER 2026 COMPLETE QUESTIONS AND ANSWERS GRADED A+

ACG 2071 FINAL PAPER 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+



◉ Variable Cost is like what function? Answer: Y= 5x


◉ Mixed cost is like what function? Answer: Y= mx + b


◉ If activity level goes up,up,up then.... Answer: It is either purely
Variable or Mixed


◉ If activity level goes up and price per unit goes down then.... Answer:
it is purely a fixed cost


◉ If total cost jumps then stays then..... Answer: It is a step cost


◉ A firm with mixed costs will have a per unit cost that changes with
activity level. True/False? Answer: True


◉ A firm with fixed costs will have a per unit cost that does not change
with activity level. True/False? Answer: False

, ◉ A firm with variable costs will have a per unit cost that changes with
activity level. True/False? Answer: False


◉ A firm with mixed costs will have a total cost that does not change
with activity level. True/False? Answer: False


◉ Per-Unit variable cost is..... Answer: The slope (Change in
cost)/(Change in activity)


◉ Fixed cost is.... Answer: The Y intercept


◉ High-Low Method of cost estimation. Answer: Use the high and low
activity levels to find a slope.


◉ Contribution Margin. Answer: Selling price - Variable Cost


◉ Contribution Margin Ratio. Answer: Contribution Margin / Sales


◉ Operating Income Formula. Answer: Contribution Margin - Fixed
Costs


◉ Absorption vs Variable costing question on test. Answer: Skip it