Question 1

The "line of best fit" created in the regression method to generate a straight-line equation

Accepted Answer

A)  is used to estimate future costs. 
B)  determines variability in estimated and actual costs for a given period. 
C)  helps to analyze the cause-and-effect relationship of actual costs. 
D)  allows the estimate of costs to be exactly the same as those costs actually incurred. 
A)  is used to estimate future costs. 
B)  determines variability in estimated and actual costs for a given period. 
C)  helps to analyze the cause-and-effect relationship of actual costs. 
D)  allows the estimate of costs to be exactly the same as those costs actually incurred.

Question 2

Nina and Marco having been working their accounting internship at Pino's Pizzeria. The owner of Pino's has provided them with the following information for the month of July, and has asked them to compute a cost equation for the pizzeria.

Accepted Answer

$2.80 per unit + $5,500 , Tota

Question 3

You have been provided with the following cost information for your factory at various levels of production activity. You job is to review the provided data, and based on your knowledge of cost behavior analysis, to classify the costs as either variable, fixed or mixed.

Accepted Answer

The answer of You have been provided with the following...

Question 4

When computing the time required for the production of each additional unit with a learning curve, one would

Accepted Answer

A)  multiply the time to produce the immediately preceding unit by the learning curve percentage. 
B)  divide the time of the immediately preceding unit by the learning curve percentage. 
C)  multiply the time to produce one unit by the cumulative number of units at this point by the learning rate [ln learning rate %/ ln 2] 
D)  divide the time of the immediately preceding unit by the one minus the learning curve percentage. 
A)  multiply the time to produce the immediately preceding unit by the learning curve percentage. 
B)  divide the time of the immediately preceding unit by the learning curve percentage. 
C)  multiply the time to produce one unit by the cumulative number of units at this point by the learning rate [ln learning rate %/ ln 2] 
D)  divide the time of the immediately preceding unit by the one minus the learning curve percentage.

Question 5

The essence of the learning curve is that

Accepted Answer

A)  as the number of units of output increases, the labor hours per unit increase in a corresponding, observable, linear relationship. 
B)  as the number of units of output decreases, the labor hours per unit decline in a corresponding, observable, linear relationship. 
C)  as the number of units of output increases, the labor hours per unit decline in a corresponding, observable, nonlinear relationship. 
D)  as the number of units of output decreases, the labor hours per unit increase in a corresponding, observable, nonlinear relationship. 
A)  as the number of units of output increases, the labor hours per unit increase in a corresponding, observable, linear relationship. 
B)  as the number of units of output decreases, the labor hours per unit decline in a corresponding, observable, linear relationship. 
C)  as the number of units of output increases, the labor hours per unit decline in a corresponding, observable, nonlinear relationship. 
D)  as the number of units of output decreases, the labor hours per unit increase in a corresponding, observable, nonlinear relationship.

The "line of best fit" created in the regression method to generate a straight-line equation

Nina and Marco having been working their accounting internship at Pino's Pizzeria. The owner of Pino's has provided them with the following information for the month of July, and has asked them to compute a cost equation for the pizzeria.

You have been provided with the following cost information for your factory at various levels of production activity. You job is to review the provided data, and based on your knowledge of cost behavior analysis, to classify the costs as either variable, fixed or mixed.

When computing the time required for the production of each additional unit with a learning curve, one would

The essence of the learning curve is that

Cost Accounting Has Purpose

Refresher on Cost Terms Road Map

Cost-Volume-Profit Analysis

Cost Accounting Has Purpose

Mastering the Master Budget

Capital Budgeting Choices and Decisions

Job Costing

Activity- Based Costing

Variance Analysis and Standard Costing

Process Costing

Absorption Versus Variable Costing

Data Analytics

Support Department Costing

Joint Costs and Decision-Making

The Art and Science of Pricing to Optimize Revenue

Management Control Systems and Transfer Pricing

Business Strategy, Performance Measurement, and the Balanced Scorecard

Filters

Exam 3: Cost Behavior and Estimation

The "line of best fit" created in the regression method to generate a straight-line equation

Nina and Marco having been working their accounting internship at Pino's Pizzeria. The owner of Pino's has provided them with the following information for the month of July, and has asked them to compute a cost equation for the pizzeria.

You have been provided with the following cost information for your factory at various levels of production activity. You job is to review the provided data, and based on your knowledge of cost behavior analysis, to classify the costs as either variable, fixed or mixed.

When computing the time required for the production of each additional unit with a learning curve, one would

The essence of the learning curve is that

Cost Accounting Has Purpose

Refresher on Cost Terms Road Map

Cost-Volume-Profit Analysis

Cost Accounting Has Purpose

Mastering the Master Budget

Capital Budgeting Choices and Decisions

Job Costing

Activity- Based Costing

Variance Analysis and Standard Costing

Process Costing

Absorption Versus Variable Costing

Data Analytics

Support Department Costing

Joint Costs and Decision-Making

The Art and Science of Pricing to Optimize Revenue

Management Control Systems and Transfer Pricing

Business Strategy, Performance Measurement, and the Balanced Scorecard

Filters