How to Read and Interpret Financial Statements

Second Edition

Course Code 98002

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1. Costs that do not change within a workable range of activity are:

(a) variable.

(b) mixed.

(c) fixed.

(d) direct.

2. Based on the following facts, what is the break-even point? A company has a fixed cost of $28,000 and a variable cost per unit of $30. The unit’s selling price is $100.

(a) 300 units

(b) 200 units

(c) 400 units

(d) 500 units

3. Based on the ...

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