y pays its production manager a salary of $6,000 per month. are paid strictly on
ID: 2331161 • Letter: Y
Question
y pays its production manager a salary of $6,000 per month. are paid strictly on commission, at $1.50 for each case of product sold Company, the production manager's salary is an example of For Rock Creek Botting A) a variable cost B) a fixed cost. C) a mixed cost. D) none of these otling Company pays its production manager a salary of s6.000 per month. s are paid strictly on commission, at $1.50 for each case of product sold Salesperson For Rock Creek Bottling Company, the cost of the salespersons' commissions is an example of A) a variable cost. B) a fixed cost. C) a mixed cost D) none of these 18) Two different costs incurred by Ruiz Company exhibit the following behavior pattern per unit Units Sold 150 50 100 200 Cost #1 $ 300 per unit $ 150 per unit S 100 per unit $ 75 per unit Cost #2 $ 2 per unit $ 2 per unit $ 2per units 2per unit Cost #1 and Cost #2 exhibit which of the following cost behavior patterns, respectively? A) Variable and fixed B) Variable and variable C) Fixed and fixed D) Fixed and variable 19) Which of the following items would not be found on a contribution format income statement? A) Net income B) Fixed cost C) Variable cost D) Gross margin 20) In order to prepare a contribution format income statement, costs must be separated into A) variable and fixed costs. B) cost of goods sold and operating expenses. C) manufacturing and selling, general, and administrative costs D) mixed, variable and fixed costs.Explanation / Answer
16) Product manager's salary is an example of Fixed cost
So answer is b) a fixed cost
17) Salesperson's commission is an example of a variable cost
so answer is a) a variable cost
18) Cost #1 and Cost #2 exhibit which of the following cost behavior patterns respectively
So answer is d) Fixed and variable
19) Items would not be found on a contribution format income statement is Gross margin
So answer is d) Gross margin
20) In order to prepare a contribution format income statement, costs must be separated into
So answer is a) Variable and fixed
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