Accounting II Final Exam Study Guide
Questions and Answers with Verified
Solutions | Latest Updated 2026
Costs incurred for each unit Variable Costs
produced.
Costs that remain constant Fixed Costs
regardless of volume.
Costs with both fixed and Mixed Costs
variable components.
Costs that increase in a Step Costs
stair-step manner.
Variable costs that rise in Step-Variable Costs
multiple steps.
Fixed costs that remain Step-Fixed Costs
constant over wider ranges.
Production levels where cost Relevant Range
relationships are valid.
Visual tool to show cost vs. Scatter Graph
activity relationship.
Measure of activity affecting Cost Driver
total cost.
, Estimates cost behavior using High-Low Method
highest and lowest data.
Statistical method using all Regression Analysis
data points for costs.
Indicates fixed portion of costs Intercept Coefficient
in regression.
Represents variable cost per X Variable 1 Coefficient
unit in regression.
Measures fit of regression line R-Square Value
to data.
Sales revenue minus variable Contribution Margin
costs.
Difference between selling Unit Contribution Margin
price and variable cost.
Unit contribution margin Contribution Margin Ratio
divided by sales price.
All manufacturing costs Full Absorption Costing
treated as product costs.
Internal method based on cost Variable Costing
behavior.
Sales level where total Break-Even Point
revenue equals total costs.
Questions and Answers with Verified
Solutions | Latest Updated 2026
Costs incurred for each unit Variable Costs
produced.
Costs that remain constant Fixed Costs
regardless of volume.
Costs with both fixed and Mixed Costs
variable components.
Costs that increase in a Step Costs
stair-step manner.
Variable costs that rise in Step-Variable Costs
multiple steps.
Fixed costs that remain Step-Fixed Costs
constant over wider ranges.
Production levels where cost Relevant Range
relationships are valid.
Visual tool to show cost vs. Scatter Graph
activity relationship.
Measure of activity affecting Cost Driver
total cost.
, Estimates cost behavior using High-Low Method
highest and lowest data.
Statistical method using all Regression Analysis
data points for costs.
Indicates fixed portion of costs Intercept Coefficient
in regression.
Represents variable cost per X Variable 1 Coefficient
unit in regression.
Measures fit of regression line R-Square Value
to data.
Sales revenue minus variable Contribution Margin
costs.
Difference between selling Unit Contribution Margin
price and variable cost.
Unit contribution margin Contribution Margin Ratio
divided by sales price.
All manufacturing costs Full Absorption Costing
treated as product costs.
Internal method based on cost Variable Costing
behavior.
Sales level where total Break-Even Point
revenue equals total costs.
