f fixed costs decrease while variable cost per unit remains constant, the contribution margin will be

A. Unchanged C. Higher

B. Lower D. Indeterminate Bobadilla

25. Costs that increase as the volume of activity decreases within the relevant range are

A. Average cost per unit. C. Total fixed costs.

B. Average variable cost per unit. D. Total variable costs.

According to Preface on Assurance Engagements, these are the standards or benchmarks used to
evaluate or measure

the subject matter of an assurance engagement:

a. Criteria c. Assertions

b. Engagement process d. Generally accepted auditing standards

17. The criteria for evaluating quantitative information vary. For example, in the audit of historical
financial statements by CPA

firms, the criteria are usually

a. International accounting standards c. Regulations of the BIR

b. Generally accepted accounting principles d. Regulations of the SEC