Which of the following statements are true? I. If the activity level increases, then one would expect the fixed cost per unit to
increase as well.
II. A fixed cost is a cost whose cost per unit varies as the activity level rises and
falls.
III. A decrease in production will ordinarily result in a decrease in fixed production
costs per unit.
Statements I and Il are true.
Only statement II is true.
Statements I and III are true.
Only statement III is true.

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor