Reference no: EM132967471

Problem 1) Which costs will change with a decrease in activity within the relevant range?

a) Total fixed costs and total variable costs

b) Unit fixed cost and total variable costs

c) Unit variable cost and unit fixed cost

d) Unit fixed cost and total fixed costs

Problem 2) Which of the following is an example of a committed fixed cost?

a) A training program for salespersons

b) Executive travel expenses

c) Property taxes on the factory building

d) New product research and development

Problem 3) Under variable costing, which of the following costs are treated as period costs?

a) Only fixed manufacturing costs

b) Both variable and fixed manufacturing costs

c) All fixed costs

d) Only fixed selling and administrative costs