Services
Discover
Ask a Question
Log in
Sign up
Filters
Done
Question type:
Essay
Multiple Choice
Short Answer
True False
Matching
Topic
Business
Study Set
Managerial Accounting for Managers Study Set 2
Exam 3: Cost Behavior: Analysis and Use
Path 4
Access For Free
Share
All types
Filters
Study Flashcards
Practice Exam
Learn
Question 101
Multiple Choice
Stewart Company is attempting to classify costs according to their cost behavior.Data concerning activity and costs are listed below:
-The costs that Stewart Company would classify as mixed would be:
Question 102
Multiple Choice
Porter Company has provided the following data for the second quarter of the most recent year:
Assume that direct labor is a variable cost and that there were no beginning or ending inventories. -The total contribution margin of Porter Company for the second quarter was:
Question 103
Multiple Choice
An example of a discretionary fixed cost is:
Question 104
Multiple Choice
Buffo Company fabricates metal folding chairs.Data concerning the company's revenue and cost structure follow:
-If Buffo plans to produce and sell 4,000 units next month,the expected gross margin would be:
Question 105
Multiple Choice
Anderton Corporation has provided the following production and average cost data for two levels of monthly production volume.The company produces a single product.
The best estimate of the total monthly fixed manufacturing cost is:
Question 106
Multiple Choice
Buffo Company fabricates metal folding chairs.Data concerning the company's revenue and cost structure follow:
-If Buffo plans to produce and sell 3,000 units next month,the expected contribution margin would be:
Question 107
Essay
Giaquinto Corporation reports that at an activity level of 7,600 units,its total variable cost is $182,856 and its total fixed cost is $444,296. Required: For the activity level of 7,900 units,compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit;and (f) the average total cost per unit.Assume that this activity level is within the relevant range.
Question 108
Multiple Choice
At an activity level of 7,900 machine-hours in a month,Manchester Corporation's total variable maintenance cost is $430,550 and its total fixed maintenance cost is $417,120. -What would be the average fixed maintenance cost per unit at an activity level of 8,000 units in a month? Assume that this level of activity is within the relevant range.
Question 109
Multiple Choice
Pfalzgraf Corporation,a manufacturing company,has provided the following financial data for January:
The company had no beginning or ending inventories. -The gross margin for January was:
Question 110
Multiple Choice
The following data pertain to activity and costs for two recent months:
Assuming that these activity levels are within the relevant range,the mixed costs for November were:
Question 111
Multiple Choice
Maxwell Company has a total expense per unit of $2.00 per unit at the 16,000 level of activity and total expense per unit of $1.95 at the 21,000 unit level of activity. -The best estimate of the total expected costs at the 19,000 level of activity for Maxwell Company is:
Question 112
Multiple Choice
Within the relevant range,the variable cost per unit:
Question 113
Essay
At an activity level of 2,400 units,Kloster Corporation's total variable cost is $118,008 and its total fixed cost is $9,000. Required: For the activity level of 2,500 units,compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit;and (f) the average total cost per unit.Assume that this activity level is within the relevant range.
Question 114
Multiple Choice
Electrical costs at one of Noyd 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,the estimate of the fixed component of electrical cost per month is closest to:
Question 115
True/False
Economists correctly point out that many costs that the accountant classifies as variable are actually curvilinear.
Question 116
True/False
With automation,fixed costs increase relative to variable costs.
Question 117
Multiple Choice
Given the cost formula Y = $12,000 + $6X,total cost at an activity level of 8,000 units would be:
Question 118
Multiple Choice
The management of Harper Corporation,a manufacturing company,has provided the following financial data for December:
The contribution margin for December was:
Question 119
Multiple Choice
Shipping expense is $9,000 for 8,000 pounds shipped and $11,250 for 11,000 pounds shipped.Assuming that this activity is within the relevant range,if the company ships 9,000 pounds,its expected shipping expense is closest to: