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QUESTION 18 Which of the following statements is false? A. The lower the margin of safety, the higher the operating risk. B. Product costs are all costs involved in acquiring or making a product C. Contribution margin statement separates product costs from period costs D. Job order costing is to keep a separate cost record for each individual product QUESTION 19 Which of the following statements is true? A. Unit variable cost increases as the number of units produced increases B. Unit variable cost remains constant as the number of units produced increases C. Total variable costs remain the same as the number of units produced increases D. Total variable costs decrease as the number of units produced increases QUESTION 20 In choosing the best decision option, do we A. Maximize total sales revenue? B. Minimize total costs? C. Maximize total value (profit)? D. Maximize opportunity costs? QUESTION 24 MONTH January February March UNITS SOLD TOTAL COSTS 980 $3,500 780 $4,000 1,080 $5.500 1.280 $5,000 April Estimate variable costs per unit using the information above. Estimate fixed costs using the information above. QUESTION 25 Dess Inc, a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the used direct material cost was $63,000, and direct labor cost was $39,000. The manufacturing overhead cost was $43,000. The manufacturing costs for August were The cost of goods manufactured for August was QUESTION 26 Complete the Equation using the following inputs: Fixed Costs Price Unit Variable Cost Sales Volume in Units Profit For Blank 2

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