Back to the full dot-point answer
SingaporeAccountingQuick questions
Cost and Management Accounting
Quick questions on Cost classification and behaviour explained: H2 Principles of Accounting
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is splitting a semi-variable cost?Show answer
To separate the fixed and variable elements of a semi-variable cost, the high-low method compares the highest and lowest activity levels:
What is q1?Show answer
Classify each by behaviour: raw materials, factory insurance, a phone bill with line rental plus call charges. [2 marks]
What is q2?Show answer
Total cost is \30\,0002\,000\ at units. Find the variable cost per unit. [2 marks]
What is q3?Show answer
Explain why the fixed cost per unit falls as output rises. [2 marks]
Have a question we have not covered?
This dot-point answer is short enough that we have not extracted many short questions yet. Read the full dot-point answer or ask Mo, our study assistant, in the chat for follow ups.