Question 1

What is the best estimate of the company's variable operating expense per unit?

Accepted Answer

A)  $0.24 per unit. 
B)  $0.91 per unit. 
C)  $0.96 per unit. 
D)  $4.17 per unit. 
A)  $0.24 per unit. 
B)  $0.91 per unit. 
C)  $0.96 per unit. 
D)  $4.17 per unit.

Question 2

Given the cost formula Y = $15,000 + $5X,what is the total cost at an activity level of 8,000 units?

Accepted Answer

A)  $15,000. 
B)  $23,000. 
C)  $40,000. 
D)  $55,000. 
A)  $15,000. 
B)  $23,000. 
C)  $40,000. 
D)  $55,000.

Question 3

What is the best estimate of the total expected costs at the 19,000 level of activity for Maxwell Company?

Accepted Answer

A)  $37,050. 
B)  $37,370. 
C)  $38,000. 
D)  $39,830. 
A)  $37,050. 
B)  $37,370. 
C)  $38,000. 
D)  $39,830.

Question 4

Given the cost formula Y = $12,000 + $6X,what is the total cost at an activity level of 8,000 units?

Accepted Answer

A)  $12,000. 
B)  $20,000. 
C)  $48,000. 
D)  $60,000. 
A)  $12,000. 
B)  $20,000. 
C)  $48,000. 
D)  $60,000.

Question 5

The following data pertain to activity and costs for two months:  
Assuming that these activity levels are within the relevant range,what were the mixed costs for November?

Accepted Answer

A)  $20,000. 
B)  $25,000. 
C)  $35,000. 
D)  $40,000. 
A)  $20,000. 
B)  $25,000. 
C)  $35,000. 
D)  $40,000.

Question 6

At the level of sales for the third quarter,how much in additional fixed selling expenses could Sorter Company have afforded to spend and still would have reported $41,500 operating income?

Accepted Answer

A)  $50,000. 
B)  $87,750. 
C)  $91,500. 
D)  $96,250. 
A)  $50,000. 
B)  $87,750. 
C)  $91,500. 
D)  $96,250.

What is the best estimate of the company's variable operating expense per unit?

Given the cost formula Y = $15,000 + $5X,what is the total cost at an activity level of 8,000 units?

What is the best estimate of the total expected costs at the 19,000 level of activity for Maxwell Company?

Given the cost formula Y = $12,000 + $6X,what is the total cost at an activity level of 8,000 units?

The following data pertain to activity and costs for two months: Assuming that these activity levels are within the relevant range,what were the mixed costs for November?

At the level of sales for the third quarter,how much in additional fixed selling expenses could Sorter Company have afforded to spend and still would have reported $41,500 operating income?

Managerial Accounting and the Business Environment

Cost Terms, Concepts, and Classifications

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Systems Design: Process Costing

Activity-Based Costing: a Tool to Aid Decision Making

Variable Costing: a Tool for Management

Budgeting

Standard Costs and Overhead Analysis

Reporting for Control

Relevant Costs for Decision Making

Capital Budgeting Decisions

Financial Statement Analysis Online

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Exam 3: Cost Behaviour: Analysis and Use

What is the best estimate of the company's variable operating expense per unit?

Given the cost formula Y = $15,000 + $5X,what is the total cost at an activity level of 8,000 units?

What is the best estimate of the total expected costs at the 19,000 level of activity for Maxwell Company?

Given the cost formula Y = $12,000 + $6X,what is the total cost at an activity level of 8,000 units?

The following data pertain to activity and costs for two months: Assuming that these activity levels are within the relevant range,what were the mixed costs for November?

At the level of sales for the third quarter,how much in additional fixed selling expenses could Sorter Company have afforded to spend and still would have reported $41,500 operating income?

Managerial Accounting and the Business Environment

Cost Terms, Concepts, and Classifications

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Systems Design: Process Costing

Activity-Based Costing: a Tool to Aid Decision Making

Variable Costing: a Tool for Management

Budgeting

Standard Costs and Overhead Analysis

Reporting for Control

Relevant Costs for Decision Making

Capital Budgeting Decisions

Financial Statement Analysis Online

Filters