Acc 350 Test 2 Study Guide Graded A+

In variable​ costing, fixed manufacturing overhead is considered a period cost because​ ________. {Ans: these costs are incurred whether or not the company manufactures any goods}different types of costs {Ans: 1. variable costs 2. fixed costs 3. mixed costs}Which of the following costs does not change in total despite changes in​ volume? {Ans: Fixed cost}total cost formula {Ans: (variable cost per unit*number of units) + fixed costs}A company that sells multiple products will always set selling prices such that all products have the same contribution margin. {Ans: false}Which of the following will lower the breakeven​ point? {Ans: Which of the following will lower the breakeven​ point?}