Which of the following statements describes variable costs?
A) They decrease on a per unit basis as production volume increases.
B) They are fixed in total throughout the relevant range of activity.
C) They are constant on a per unit basis but vary in total as production changes.
D) They vary on a per unit basis but do not vary in total as production changes.
C
Business
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Moonwalker's CVP income statement included sales of 4,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $88,000. Net income is
a. $400,000. b. $160,000. c. $152,000. d. $72,000.
Business
It is riskier to buy an option than to write an option
Indicate whether the statement is true or false.
Business