题目内容

Two statements relating to integrated and interlocking accounting systems are shown below. Is each statement true or false?

A. Statement 1 is true, Statement 2 is false
Both statements are true
C. Statement 1 is false, Statement 2 is true
D. Both statements are false

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A publishing company pays an author a royalty of $3 per book sold. What type of cost does this royalty expense represent?

A. Fixed
B. Mixed or semi-variable
C. Variable
D. Stepped

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Which one of the following statements describes a fixed cost?

A cost which is easily controlled
B. A cost with a total cost value that changes in proportion with the level of activity
C. A cost with a constant cost per unit at varying levels of activity
D. A cost that is constant in total regardless of the level of activity

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A publishing company pays an author a fee of $5,000 on delivery of a completed manuscript plus a royalty of $1.50 per book sold. What type of cost does this expense represent?

A. Fixed
B. Stepped
C. Mixed or semi-variable
D. Variable

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The costs incurred by a business at two different levels of activity are shown below. What is the value of the fixed costs of the business?

A. $295,000
B. $30,000
C. $400,000
D. $135,000

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Two statements relating to integrated and interlocking accounting systems are shown below. Is each statement true or false?

A. Statement 1 is true, Statement 2 is false Both statements are true C. Statement 1 is false, Statement 2 is true D. Both statements are false

A publishing company pays an author a royalty of $3 per book sold. What type of cost does this royalty expense represent?

Which one of the following statements describes a fixed cost?

A publishing company pays an author a fee of $5,000 on delivery of a completed manuscript plus a royalty of $1.50 per book sold. What type of cost does this expense represent?

The costs incurred by a business at two different levels of activity are shown below. What is the value of the fixed costs of the business?

A. Statement 1 is true, Statement 2 is false
Both statements are true
C. Statement 1 is false, Statement 2 is true
D. Both statements are false