Reference no: EM132746960

Problem 1: Which costs will change with an increase in activity within the relevant range?

Group of answer choices

Option 1: Unit fixed cost and total variable cost

Option 2: Unit fixed cost and unit variable cost

Option 3: Unit variable cost and total variable cost

Option 4: Unit fixed cost and total fixed cost

Problem 2: Financial accounting and cost accounting are both highly concerned with

Group of answer choices

Option 1: determining product cost.

Option 2: providing managers with information necessary for control purposes.

Option 3: determining performance standards.

Option 4: preparing budgets