CHAPTER 21: COST BEHAVIOR AND COST-VOLUME-PROFIT ANALYSIS
1. Cost behavior refers to the methods used to estimate costs for use in managerial decision making.
a. True
b. False
8. The relevant activity base for a cost depends upon which base is most closely associated with the cost and the
decision-making needs of management.
a. True
b. False
11. Because variable costs are assumed to change in direct proportion to changes in the activity level, the graph of
the variable costs when plotted against the activity level appears as a circle.
a. True
b. False
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.99. You're not tied to anything after your purchase.
