Question 1

The linear equation Y = a + bX is often used to express cost formulas.In this equation:

Accepted Answer

A) the b term represents variable cost per unit of activity. 
B) the a term represents variable cost in total. 
C) the X term represents total cost. 
D) the Y term represents total fixed cost. 
A) the b term represents variable cost per unit of activity. 
B) the a term represents variable cost in total. 
C) the X term represents total cost. 
D) the Y term represents total fixed cost.

Question 2

Electrical costs at one of Gotch Corporation's factories are listed below:   Management believes that electrical cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

Accepted Answer

A) $0.15 per machine-hour;$35,115 per month 
B) $9.11 per machine-hour;$1,249 per month 
C) $9.43 per machine-hour;$35,406 per month 
D) $6.57 per machine-hour;$10,728 per month 
A) $0.15 per machine-hour;$35,115 per month 
B) $9.11 per machine-hour;$1,249 per month 
C) $9.43 per machine-hour;$35,406 per month 
D) $6.57 per machine-hour;$10,728 per month

Question 3

At a sales level of $300,000,James Company's gross margin is $15,000 less than its contribution margin,its net operating income is $50,000,and its selling and administrative expenses total $120,000.At this sales level,its contribution margin would be:

Accepted Answer

A) $250,000 
B) $155,000 
C) $170,000 
D) $185,000 
A) $250,000 
B) $155,000 
C) $170,000 
D) $185,000

Question 4

In March,Branford Corporation,a manufacturing company,reported the following financial data:   Required:
Prepare an income statement in good form for March using the contribution approach.

Accepted Answer

The answer of In March,Branford Corporation,a manufacturing company,reported the following...

Question 5

Buffo Company fabricates metal folding chairs.Data concerning the company's revenue and cost structure follow:  
-If Buffo expects to produce and sell 5,000 units next month,the expected net operating income would be:

Accepted Answer

A) $51,250 
B) $42,750 
C) $71,000 
D) $62,500 
A) $51,250 
B) $42,750 
C) $71,000 
D) $62,500

Question 6

Maintenance costs at a Neller Corporation factory are listed below:   Management believes that maintenance cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

Accepted Answer

A) $1.85 per machine-hour;$21,325 per month 
B) $3.77 per machine-hour;$15,648 per month 
C) $9.07 per machine-hour;$26,762 per month 
D) $0.27 per machine-hour;$26,071 per month 
A) $1.85 per machine-hour;$21,325 per month 
B) $3.77 per machine-hour;$15,648 per month 
C) $9.07 per machine-hour;$26,762 per month 
D) $0.27 per machine-hour;$26,071 per month

Question 7

Pfalzgraf Corporation,a manufacturing company,has provided the following financial data for January:   The company had no beginning or ending inventories.
-The contribution margin for January was:

Accepted Answer

A) $14,000 
B) $151,000 
C) $91,000 
D) $163,000 
A) $14,000 
B) $151,000 
C) $91,000 
D) $163,000

The linear equation Y = a + bX is often used to express cost formulas.In this equation:

Electrical costs at one of Gotch Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

At a sales level of $300,000,James Company's gross margin is $15,000 less than its contribution margin,its net operating income is $50,000,and its selling and administrative expenses total $120,000.At this sales level,its contribution margin would be:

In March,Branford Corporation,a manufacturing company,reported the following financial data: Required: Prepare an income statement in good form for March using the contribution approach.

Buffo Company fabricates metal folding chairs.Data concerning the company's revenue and cost structure follow: -If Buffo expects to produce and sell 5,000 units next month,the expected net operating income would be:

Maintenance costs at a Neller Corporation factory are listed below: Management believes that maintenance cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

Pfalzgraf Corporation,a manufacturing company,has provided the following financial data for January: The company had no beginning or ending inventories. -The contribution margin for January was:

Managerial Accounting and the Business Environment

Managerial Accounting and Cost Concepts

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Variable Costing: a Tool for Management

Activity-Based Costing: a Tool to Aid Decision Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting,decentralization,and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

Pricing Products and Services

Profitability Analysis

Least-Squares Regression Computations

The Predetermined Overhead Rate and Capacity

Abc Action Analysis

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

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Exam 3: Cost Behavior: Analysis and Use

The linear equation Y = a + bX is often used to express cost formulas.In this equation:

Electrical costs at one of Gotch Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

At a sales level of $300,000,James Company's gross margin is $15,000 less than its contribution margin,its net operating income is $50,000,and its selling and administrative expenses total $120,000.At this sales level,its contribution margin would be:

In March,Branford Corporation,a manufacturing company,reported the following financial data: Required: Prepare an income statement in good form for March using the contribution approach.

Buffo Company fabricates metal folding chairs.Data concerning the company's revenue and cost structure follow: -If Buffo expects to produce and sell 5,000 units next month,the expected net operating income would be:

Maintenance costs at a Neller Corporation factory are listed below: Management believes that maintenance cost is a mixed cost that depends on machine-hours.Using the high-low method to estimate the variable and fixed components of this cost,these estimates would be closest to:

Pfalzgraf Corporation,a manufacturing company,has provided the following financial data for January: The company had no beginning or ending inventories. -The contribution margin for January was:

Managerial Accounting and the Business Environment

Managerial Accounting and Cost Concepts

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Variable Costing: a Tool for Management

Activity-Based Costing: a Tool to Aid Decision Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting,decentralization,and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

Pricing Products and Services

Profitability Analysis

Least-Squares Regression Computations

The Predetermined Overhead Rate and Capacity

Abc Action Analysis

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

Filters