9296 ], 4) F Orders x x to The lower the Q Chapter 1 Flas/X v tps://bbhosted.cun

Question

9296 ], 4) F Orders x x to The lower the Q Chapter 1 Flas/X v tps://bbhosted.cuny.edu/webapps assessment takenaunch sp?course assessment d# 11 28835 18course id 352 4621,1 &content; id QUESTION 19 2.25 p Fixed unit costs do not vary with quantities produce. This statement is True O somewhat true O False QUESTION 20 2.25 p Gross margin is: Revenues less cost of manufacturing O Revenues minus cost of goods sold O Revenues less expenses O Revenues plus cost of goods sold QUESTION 21 2.25 p of measuring, analyzing, and reporting financial and non financial information that helps Managerial accounting is the process stockholders. This statement is .. O True O False. QUESTION 22

Explanation / Answer

The statement is false.

Fixed cost per unit = Total fixed cost/number of units produced

So if the number of units vary fixed cost per units will also change

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Gross margin = Revenue – cost of goods sold

Correct answer is B

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The statement is incorrect.

Managerial accounting helps managers in taking better decisions. All the reports which are prepared in managerial accounting are for managers.

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