Differential costs can be either fixed or variable. 

Differential costs can be either fixed or variable.

 

Review Questions T/F

True

 

Review Questions T/F

28. A fixed cost is constant per unit of product.

Review Questions T/F

False

Review Questions T/F

29. The variable cost per unit is constant and does not depend on how many units are produced.

 

Review Questions T/F

True

 

 

Review Questions T/F

30. The cost of napkins put on each person’s tray at a fast food restaurant is a fixed cost.

Review Questions T/F

False

Review Questions T/F

31. Direct material costs are generally variable costs.

Review Questions T/F

True

 

 

 

 

 

 

 

Review Questions T/F

32. Property taxes and insurance premiums paid on a factory building are examples of manufacturing overhead.

 

Review Questions T/F

True

 

Review Questions T/F

33. Manufacturing overhead combined with direct materials is known as conversion cost.

 

Review Questions T/F

False

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