Run the costing gates

Exercise and reference answers

Questions

1. Correct

   Variable

   Choices

   1. Fixed
   2. Variable
   3. Neither

2. Correct

   Fixed

   Choices

   1. Fixed
   2. Variable
   3. Neither

3. Correct

   Prime

   Choices

   1. Prime
   2. Conversion
   3. Period

4. Correct

   Conversion

   Choices

   1. Prime
   2. Conversion
   3. Period

5. Correct

   Merchandiser

   Choices

   1. Merchandiser
   2. Service
   3. Maker

6. Correct

   Service

   Choices

   1. Merchandiser
   2. Service
   3. Maker

Instructions

Pick the behaviour, then the cost group, then the firm type.

Explanation