ACC 212 Exam 2 Study Guide Questions with Correct Answers Latest Update 2025/2026
A company uses activity-based costing to determine the costs of its three products: A, B, and C.
The budgeted cost and activity for each of the company's three activity cost pools are shown in
the following table: - Answers The activity rate under the activity-based costing system for
Activity 2 is $1.50.$45,000/(7,000 + 15,000 + 8,000) = $1.50
A company's product sells at $12.34 per unit and has a $5.51 per unit variable cost. The
company's total fixed costs are $96,300. The break-even point in units is:
A. 7,804
B. 14,100
C. 17,477
D. 4,837
E. 7,050 - Answers B. 14,100
($96,300/($12.34 − $5.51) = 14,100 units)
A cost that changes as volume changes, but at a nonconstant rate, is called a:
A. variable cost
B. curvilinear cost
C. step-wise variable cost
D. fixed cost
E. differential cost - Answers B. curvilinear cost
A cost that remains unchanged in total despite variations in volume of activity within a relevant
range is a:
A. fixed cost
B. curvilinear cost
, C. variable cost
D. step-wise variable cost
E. standard cost - Answers A. fixed cost
A graph used to analyze past cost behaviors by displaying costs and unit data for each period
as points on a diagram is called a:
A. least-squares diagram
B. step-wise diagram
C. scatter diagram
D. break-even diagram
E. composite diagram - Answers C. scatter diagram
A method that estimates cost behavior by using just the highest and lowest volume levels is
called the:
A. scatter method
B. high-low method
C. least-squares method
D. break-even method
E. step-wise method - Answers B. high-low method
A product sells for $180 per unit, and its variable costs are 65% of sales. The fixed costs are
$360,500. What is the break-even point in sales dollars? (Do not round intermediate
calculations.)
A. $2,003
B. $360,500
C. $5,722
D. $554,615
A company uses activity-based costing to determine the costs of its three products: A, B, and C.
The budgeted cost and activity for each of the company's three activity cost pools are shown in
the following table: - Answers The activity rate under the activity-based costing system for
Activity 2 is $1.50.$45,000/(7,000 + 15,000 + 8,000) = $1.50
A company's product sells at $12.34 per unit and has a $5.51 per unit variable cost. The
company's total fixed costs are $96,300. The break-even point in units is:
A. 7,804
B. 14,100
C. 17,477
D. 4,837
E. 7,050 - Answers B. 14,100
($96,300/($12.34 − $5.51) = 14,100 units)
A cost that changes as volume changes, but at a nonconstant rate, is called a:
A. variable cost
B. curvilinear cost
C. step-wise variable cost
D. fixed cost
E. differential cost - Answers B. curvilinear cost
A cost that remains unchanged in total despite variations in volume of activity within a relevant
range is a:
A. fixed cost
B. curvilinear cost
, C. variable cost
D. step-wise variable cost
E. standard cost - Answers A. fixed cost
A graph used to analyze past cost behaviors by displaying costs and unit data for each period
as points on a diagram is called a:
A. least-squares diagram
B. step-wise diagram
C. scatter diagram
D. break-even diagram
E. composite diagram - Answers C. scatter diagram
A method that estimates cost behavior by using just the highest and lowest volume levels is
called the:
A. scatter method
B. high-low method
C. least-squares method
D. break-even method
E. step-wise method - Answers B. high-low method
A product sells for $180 per unit, and its variable costs are 65% of sales. The fixed costs are
$360,500. What is the break-even point in sales dollars? (Do not round intermediate
calculations.)
A. $2,003
B. $360,500
C. $5,722
D. $554,615
