About the Author
Mission Statement
Contact Us
Terms of Use
Privacy Policy
Log out

Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 18 - Fill in the Blanks

Home
quizzes

Chapter 18 – Fill in the Blanks

Text
Problems
Goals Achievement
Fill in the Blanks
Multiple Choice
Glossary

Time limit: 0

Quiz Summary

0 of 10 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 10 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10

Current
Review
Answered
Correct
Incorrect

Question 1 of 10

1. Question
____________ cost varies in direct proportion to a change in activity base.
Correct

Incorrect
Question 2 of 10

2. Question
The area of activity where a specified cost relationships is expected to hold true is known as the ____________.
Correct

Incorrect
Question 3 of 10

3. Question
Cost functions which change only when a sizable change in volume is experienced are called ____________ costs.
Correct

Incorrect
Question 4 of 10

4. Question
____________ fixed costs arise from an organization’s commitment to engage in operations, whereas ____________fixed costs are those that originate from top management’s yearly spending decisions.
Correct

Incorrect
Question 5 of 10

5. Question
A graphical representation of observed relationships between costs and activity levels is termed a ____________.
Correct

Incorrect
Question 6 of 10

6. Question
The ____________ method focuses on only two data points when analyzing costs.
Correct

Incorrect
Question 7 of 10

7. Question
Selling price minus variable costs is termed the ____________ margin.
Correct

Incorrect
Question 8 of 10

8. Question
On a break-even chart the amount by which the total revenue line is above the total cost line is the amount of ____________ .
Correct

Incorrect
Question 9 of 10

9. Question
The amount of sales necessary to produce a particular level of income, often called the ____________ income, can be determined by using cost-volume-profit analysis.
Correct

Incorrect
Question 10 of 10

10. Question
Fixed costs divided by unit contribution margin equals break-even sales in ____________.
Correct

Incorrect

Click here to visit the bookstore and purchase principlesofaccounting.com textbooks!

Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

Important Links

Classroom
ExamCram
Bookstore
YouTube videos
MyExceLab
Cookie Policy

Glossary Search

Principlesofaccounting.com ™ Copyright © 2023. All rights reserved.

Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
About the Author
Mission Statement
Contact Us
Terms of Use
Privacy Policy
Log out