Select from the following to answer questions a to c. Note: some questions may have multiple answers and answers may be used more than once
a. Fixed Cost
b. Direct Cost
c. Variable Cost
d. Indirect Cost
e. Marginal Cost
f. Step-Fixed Cost
a. A(n) _______ change with each unit increase in volume while _______ change when volume increases by more than one unit of volume.
b. Total Cost equals both _______ plus __________and _________ plus _______.
c. Marginal costs are equal to variable costs unless there are changes in ________ or _________ ______________.
a.(c) variable costs ; (f) step-fixed costs
b.(a) fixed cost; (c) variable cost ;(b) direct cost ; (d) indirect cost
c.(c) variable costs; (a) fixed costs accept also ;(f) step-fixed costs
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The sorting process refers to _____
a. physical distribution assortment by perishability b. a retailer's pricing goods by quality and size c. government grading standards for produce d. a retailer's collecting an assortment of goods and services from many vendors
A multi-level bill of material:
I. reflects the way the product will be manufactured. II. is produced by the purchasing department. III. is a parts list only and does not contain subassemblies. A) Only I is true. B) Only II is true. C) Only III is true. D) I and II are true. E) I, II and III are true.