Which of the following describes the behavior of the variable cost per unit?
A) Varies in increasing proportion with changes in the activity level
B) Varies in decreasing proportion with changes in the activity level
C) Remains constant with changes in the activity level
D) Varies in direct proportion with the activity level
C
You might also like to view...
A company's control environment is primarily influenced by the Tone at the Top. This refers to each of the following except:
A) the philosophy and operating style of management. B) the policies and practices that are promoted within the company. C) the experiential background of management. D) the priority placed upon the company's internal control system.
Asking an accountant applicant to solve accounting problems similar to those encountered on the job is an example of construct validity.
Answer the following statement true (T) or false (F)
Which test of whether an organization is well designed relates to assessing how the organization will react when a new product is to be designed?
a. Specialist cultures test b. Flexibility test c. Redundant hierarchy test d. Accountability test
Frances borrows $1,000 from Garden State Bank, using her recreational vehicle (RV) motor home, which she purchased at Hugo's RV Sales & Service, as collateral. To perfect its security in-terest, the bank must file its financing statement with A) the secretary of state
B) the county clerk. C) the city treasurer. D) Hugo's RV Sales & Service.