Which of the following statements describes the behaviour of total stepped costs?
A. Changes every time activity levels change
B. Stay the same when activity levels change
Change suddenly then remain stable over a range of activity levels
D. Have a minimum value then increase every time activity levels increase
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Which type of chart would be the best format for the following information to be presented.Budgeted v actual results
A. Bar chart
B. Pie chart
C. Line chart
D. Flow chart
Sales by region
A. Bar chart
B. Pie chart
C. Line chart
D. Flow chart
Which of the following is a reason for a company to use the LIFO method of inventory valuation?
A. It is easy to administer
B. It is required by accounting standards
C. Materials are issued at a standard price
D. Materials are issued at current market price
The following information is available for a company’s inventory.What is the maximum inventory level for the company?
A. 43,700kg
B. 21,700kg
C. 16,250kg
D. 31,250kg
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