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This question has five parts: 1. Variable costs in total increase or decrease in proportion with changes in the level of business activity: a. true b. false 2. Variable cost per unit remains constant when the number of units produced changes: a. true b. false 3. Fixed cost per unit remains the same even though there is a change in the number of units produced: a. true b. false 4. Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for: a. investors and banks b. internal users of accounting information c. shareholders and creditors d. the Securities and Exchange Commission (SEC) 5. Kilwin's Candies produced and sold 600 boxes of chocolate-covered popcorn last month and had total variable costs of $2,100 that reflected the cost of chocolate and popcorn (ingredients). Each box of popcorn sold for $12.00. If production and sales are expected to increase by 10% next month, which of the following statements are true? a. Total variable costs are expected to be $1,785. b. Variable cost per unit is expected to be $3.50. c. Unit variable costs are expected to be $2.10. d. Total fixed costs will be $150,000.

          This question has five parts:
1. Variable costs in total increase or decrease in proportion with changes in the level of business activity: a. true b. false
2. Variable cost per unit remains constant when the number of units produced changes: a. true b. false
3. Fixed cost per unit remains the same even though there is a change in the number of units produced: a. true b. false
4. Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for: a. investors and banks b. internal users of accounting information c. shareholders and creditors d. the Securities and Exchange Commission (SEC)
5. Kilwin's Candies produced and sold 600 boxes of chocolate-covered popcorn last month and had total variable costs of $2,100 that reflected the cost of chocolate and popcorn (ingredients). Each box of popcorn sold for $12.00. If production and sales are expected to increase by 10% next month, which of the following statements are true? a. Total variable costs are expected to be $1,785. b. Variable cost per unit is expected to be $3.50. c. Unit variable costs are expected to be $2.10. d. Total fixed costs will be $150,000.

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