ACC 561 Week 4 Wileyplus Practice Quiz
1. A variable cost is a cost that
2. An increase in the level of activity will have the following effects on unit costs for variable and fixed costs:
3. A fixed cost is a cost which
4. Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?