================================================== ACCT 505 Midterm Exam ( New ) Set 1
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ACCT 505 Final Exam
================================================== ACCT 505 Midterm Exam ( New ) Set 1
For more course tutorials visit www . uophelp . com
Score 144 / 150 Multiple Choice 10 Essay 4
1 . ( TCO A ) Direct material cost is a part of ( Points : 6 ) Conversion Cost NO .... Prime Cost NO . Conversion Cost YES .... Prime Cost NO . Conversion Cost YES .... Prime Cost YES . Conversion Cost NO .... Prime Cost YES . Question 2.2 . ( TCO A ) Total fixed costs ( Points : 6 ) will increase with increases in activity . will decrease with increases in activity . are not affected by activity . should be ignored in making decisions because they can never change . Question 3.3 . ( TCO A ) Property taxes on a company ' s factory building would be classified as a ( n ) ( Points : 6 ) variable cost . opportunity cost . period cost . product cost . Question 4.4 . ( TCO C ) When the activity level is expected to increase within the relevant range , what effects would be anticipated with respect to each of the following ? ( Points : 6 )
Fixed costs per unit decrease and variable costs per unit do not change .