Cost behavior analysis is a study of how a firm\'scot a. relate to competitors\'
ID: 2582944 • Letter: C
Question
Cost behavior analysis is a study of how a firm'scot a. relate to competitors' costs. b. relate to general price level changes c. respond to changes in activity levels within the company d. respond to changes in the gross national product 24. In CVP analysis, the term "cost a. includes only manufacturing costs. b. means cost of goods sold c. includes manufacturing costs plus selling and administrative expenses d. excludes all fixed manufacturing costs. 25. Which of the following costs are variable? 20,000 Units 60,000 Units $300,000 Cost $100,000 240.000 40,000 90,000 50,000 90,000 50,000 c. only b. 1 and 4 a. 1 and 2 6 The White Co.'s high and low level of activity last year wasExplanation / Answer
Solution:
23) Cost behavior means how the cost reacts at the different level of output.
Hence, the correct option is c) respond to change in activity levels within the company
24) In CVP analysis, the term “cost” includes manufacturing costs plus selling and administrative expense.
Hence, the correct option is c.
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