Question 1

If there is little or no relationship between the cost and the volume, the data points on a scatterplot will appear almost as a straight line.

Accepted Answer

A) True 
 B)False

Question 2

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5300 anchors, Sea Side Enterprises' average cost per anchor is $57. What is the total cost of producing 5300 anchors?

Accepted Answer

A) $302,100 
B) $5357 
C) $57 
D) $114 
A) $302,100 
B) $5357 
C) $57 
D) $114

Question 3

The following data pertain to costs at Massey Company:   The variable cost per unit is

Accepted Answer

A) $3.76 
B) $15.24 
C) $19.00 
D) $11.48 
A) $3.76 
B) $15.24 
C) $19.00 
D) $11.48

Question 4

Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served.   Using the high-low method, the fixed costs for a month are

Accepted Answer

A) $900 
B) $3900 
C) $1200 
D) $1500 
A) $900 
B) $3900 
C) $1200 
D) $1500

Question 5

Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year.   Using variable costing, what is the contribution margin for last year?

Accepted Answer

A) $204,300 
B) $55,800 
C) $144,000 
D) $83,700 
A) $204,300 
B) $55,800 
C) $144,000 
D) $83,700

Question 6

Mario Company has total fixed costs of $570,000. Total fixed and variable costs are $622,500 at a production level of 205,000 units. The fixed cost per unit at a production level of 300,000 units is

Accepted Answer

A) $2.78 
B) $1.90 
C) $2.08 
D) $3.04 
A) $2.78 
B) $1.90 
C) $2.08 
D) $3.04

Question 7

Great Calls has a special plan offer this month. There is a $6.00 per month charge each month and calls anywhere in the United States are $0.04 per minute. What would the monthly cost be if you typically talk for 550 minutes per month?

Accepted Answer

A) $6.00 
B) $16.00 
C) $22.00 
D) $28.00 
A) $6.00 
B) $16.00 
C) $22.00 
D) $28.00

If there is little or no relationship between the cost and the volume, the data points on a scatterplot will appear almost as a straight line.

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5300 anchors, Sea Side Enterprises' average cost per anchor is $57. What is the total cost of producing 5300 anchors?

The following data pertain to costs at Massey Company: The variable cost per unit is

Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Using variable costing, what is the contribution margin for last year?

Mario Company has total fixed costs of $570,000. Total fixed and variable costs are $622,500 at a production level of 205,000 units. The fixed cost per unit at a production level of 300,000 units is

Great Calls has a special plan offer this month. There is a $6.00 per month charge each month and calls anywhere in the United States are $0.04 per minute. What would the monthly cost be if you typically talk for 550 minutes per month?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity-Based Costing, Lean Operations, and the Costs of Quality

Process Costing

Cost-Volume-Profit Analysis

Relevant Costs for Short-Term Decisions

The Master Budget

Performance Evalulation

Standard Costs and Variances

Capital Investment Decisions and the Time Value of Money

Statement of Cash Flows

Financial Statement Analysis

Sustainability

Filters

Exam 6: Cost Behavior

If there is little or no relationship between the cost and the volume, the data points on a scatterplot will appear almost as a straight line.

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5300 anchors, Sea Side Enterprises' average cost per anchor is $57. What is the total cost of producing 5300 anchors?

The following data pertain to costs at Massey Company: The variable cost per unit is

Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Using variable costing, what is the contribution margin for last year?

Mario Company has total fixed costs of $570,000. Total fixed and variable costs are $622,500 at a production level of 205,000 units. The fixed cost per unit at a production level of 300,000 units is

Great Calls has a special plan offer this month. There is a $6.00 per month charge each month and calls anywhere in the United States are $0.04 per minute. What would the monthly cost be if you typically talk for 550 minutes per month?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity-Based Costing, Lean Operations, and the Costs of Quality

Process Costing

Cost-Volume-Profit Analysis

Relevant Costs for Short-Term Decisions

The Master Budget

Performance Evalulation

Standard Costs and Variances

Capital Investment Decisions and the Time Value of Money

Statement of Cash Flows

Financial Statement Analysis

Sustainability

Filters