As production increases, what should happen to the fixed costs per unit?
A) Stay the same.
B) Increase.
C) Decrease.
D) Either increase or decrease, depending on the variable costs.
C
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Usually, companies with higher volumes of products tend to offer more varieties.
Answer the following statement true (T) or false (F)
Which of the following is a step in the preparation of a production cost report?
A) assignment of costs to units completed and units in process B) summarization of the flow of physical units to the suppliers C) computation of expected units of production D) computation of amount of materials required for production
Liabilities that might arise from which of the following probably would be disclosed only in the notes to the financial statements?
a. Possible warranty claims b. Guarantees of the debt of other companies c. Possible bankruptcy of an important customer d. Estimated income taxes for the current year
A survey about pet ownership used a sample derived from people who visit a Web site and register. This sample would lack ________ because not everyone has Internet access
A) flexibility B) validity C) responsiveness D) reliability E) representativeness