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Chapter 3 Quiz 4
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1
The relevant range is the range of activity over which a particular cost behaviour pattern can be assumed to be invalid:
A)True
B)False
2
A curvilinear cost at low levels of activity exhibits increasing marginal costs, and at high levels of activity exhibits decreasing marginal costs:
A)True
B)False
3
The costs incurred through researching, designing, developing and supporting products and product lines are facility level costs:
A)True
B)False
4
A marginal cost is the cost of producing one additional unit:
A)True
B)False
5
The learning curve effect refers to the increase in labour time per unit that occurs as the labour force gains experience in manufacturing a new product:
A)True
B)False
6
A volume-based cost driver assumes that costs are caused by production (or sales) volumes:
A)True
B)False
7
In regression analysis, X is called the dependent variable, since it is caused by, or can be estimated using, the independent variable:
A)True
B)False





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