1- In this cost function y =a + bx, symbol a is called?

A. The constant

B. The slope coefficient

C. The standard deviation

D. The mean

2- What system can lean producers use to simplify accounting system?

A. Job costing

B. Activity-baued management

C. Backflunh costing

D. Activity-basad-costing

3- J&J makes 5,200 units of modem, SPEEDY at a cost of $290 each. Fixed cost per unit is $100 and variable cost per unit is $190. Space Electronics offers to supply 5,200 units of SPEEDY for $260. If J&J buys from Space Electronic it will be able to save $10 per unit in fixed costs but continue to incur the remaining $90 per unit. Which one is irrelevant costs based on the information?

A. The $90 of fixed costs

B. The $190 of variable costs

C. The $10 of cost saving

D. The 260 of purchasing costs

4- Data from DUO company shows that a range of units produced from 1,500 to 7,500, and a range of total costs from $21.000 to $45.000, producing 2.000 units will cost DUO?

A. $8,000

B. $23,000

C. $29,000

D. $12,000

5- What are two examples of appraisal costs?

A. Product specification and quality training

B. Process engineering and supplier evaluation

C. Inspection and product testing

D. Testing of new materials and preventive equipment

6- Bruno manufacturer produces bag. The data of June shows that the company's beginning inventory is 0, production 750 units, variable manufacturing cost per unit produces $12,000, variable marketing costs per unit sold $3,000, fixed manufacturing costs $1,500,000, and fixed marketing costs $600,000. How much budgeted fixed manufacturing cost per unit?

A. $2,500

B. $2,300

C. $2,000

D. $2,800

7- How can managers reduce capacity-based fixed costs?

A. By measuring and managing use capacity

B. By measuring and managing unused capacity

C. By measuring and managing bottleneck operation

D. By measuring and managing capacity level

8- Which of the following is "NOT" cost estimation method?

A. The Industrial Engineering Method

B. Qualitative Analysis Method

C. Quantitative Analysis Method

D. The Account Analysis Method

9-Bro Inc. has one product line. For that line, the lead time for production is four weeks and the reorder point is 600 units. The sales volume is estimated at 60 units per week. Bro Inc. has established which of the following amounts as its safety stock?

A. 350 units

B. 360 units

C. 600 units

D. 150 units

10- Which technique that is allowed by GAAP to communicate cost behavior Information?

A. Absorption costing

B. Variable costing

C. Activity-based costing

D. Job costing

11- One of the cost estimation methods that uses a formal mathematical method to fit cost functions to past data observation is called?

A. The Industrial Engineering Method

B. Qualitative Analysis Method

C. Quantitative Analysis Method

D. The Account Analysis Method

12- Berto Cleaning Service is considering expanding into one or more new market areas. Which costs are relevant to Berto's decision on whether to expand?

A. Sunk Costs (YES), Variable Costs (NO), Opportunity Costs (YES)

B. Sunk Costs (NO), Variable Costa (YES), Opportunity Costs (NO)

C. Sunk Costs (YES), Variable Costs (YES). Opportunity Costs (YES)

D. Sunk Conta (NO), Variable Costs (YES), Opportunity Coate (YES)

13- Brother Inc. has just completed its first year of operations. The company has incurred the following costs associated with its production as of December 31, Year 1: Direct materials $55,000, Production labor $46,000, Factory utilities $18.500, Office rent $22.000, Factory supervisor salary $9,600, and Machine maintenance contract $7,500, Under absorption costing, what is the inventory amount shown on the balance sheet at December?

A. $118,500

B $100,000

C. $135.600

D. $157.600

14- POP Music Studio just bought a big room to house its performances. The lease payments on the concert hall are expected to be $6000 per month. The organization pays its guest performers $2,000 per concert and anticipates corresponding ticket sales to be $6,000 per concert. The organization pays its artistic director $47,000 per year and expects to receive $23,000 in donations in addition to its ticket sales. If POP Music Studio just breaks even, how many concerts does it hold?

A. 24 concerts

B. 40 concerts

C. 42 concerts

D. 25 concerts

15- Just-in-time inventory assumes all of the following, except:

A. Zero defects.

B. Resources will only be Introduced as they are needed,

C. Just-in-time inventory presumes first-in, first-out costing.

D. Production of components only occurs only when requested further downstream in the manufacturing cycle.

16- What are the examples of costs included in annual carrying costs of inventory when using the EOQ decision model?

A. Maintenance, advertising, depreciation

B. Insurance, rent, and obsolescence

C. Marketing, general costs, rent

D. Maintenance, rent, marketing

17- Which one of the following is "NOT" strategic objective on balance scorecard?

A. Customer perspective

B .Internal business process perspective

C. External business process praspective

D. Financial perspective

18- Berto Corporation is examining its quality control program. Which of the following statements is/are correct? I. Rework costs should be regarded as a cost of quality when the rework is caused by internal failure. II. Prevention costs are costs that are incurred to prevent the sale and production of defective units. III. Internal failure costs are costs of failure of machinery on the production line.

A. I, II, and III are correct

B. Il only is correct

C. I and III only are correct

D. I only is correct

19- A company needs to sell 10,000 units of its only product in order to break even. Fixed costs are $110,000. and the per unit seling price and variable costs are $20O and $9, respectively. If total sales are $220,000, the company's margin of safety will be equal to?

A. 0

B. $20,000

C. $110,000

D. $200,000

20- Which of the following is not a qualitative factor that Manufacturing Company should consider when deciding whether to buy or make a part used in manufacturing their product?

A. Quality of the outside producer's product.

B. Potential loss of trade secrets.

C. Manufacturing deadlines and special orders.

D. Variable cont per unit of the product.

21- How much contribution margin based on the following data?

Sales Revenues 20,500

Account Receivable 800

Cash 18,000

Variableexpenses 2000

Fixed expenses 3,500

Wages payable 500

Account payable 2,300

Equity 16,000

A. $17,000

B. $15,000

C. $18,500

D. $18,000

22- Which one is characteristic of relevant costs?

A. Expected future costs

B. Historical costs

C. Similar among alternatives

D. Unexpected future costs

23- GreenCo uses high-low method to estimate the variable and fixed cost components of a mixed cost. Based on the following data, how much is the slope?

Week 1 (machine hour 68 ) (manufacturing labor costs $1190)

Week 2 (machine hour 88 ) (manufacturing labor costs $1211)

Week 3 (machine hour 62 ) (manufacturing labor costs $1004)

Week 4 (machine hour 72 ) (manufacturing labor costs $917)

Week 5 (machine hour 60 ) (manufacturing labor costs $770)

Week 6 (machine hour 96 ) (manufacturing labor costs $1456)

Week 7 (machine hour 78 ) (manufacturing labor costs $1180)

Week 8 (machine hour 46 ) (manufacturing labor costs $710)

A. $14.82

B. $14.22

C. $14.29

D. $14.92

24- Bertho presents the following for its first two years of operations, 2018 and 2019. What is revenue effect of growth based on the data?

Number of T-shirts purchased (2017= 250,000) (2018=287,000)

Number of T-shirts discarded (2017= 21,500) (2018=23,500)

Number of T-shirts sold ( 1 row (row 2) (2017= 228,500) (2018=263,500)

Average selling price (2017= 42,000) (2018= 43,000)

Average cost per T-shirt (2017=$17,000 ) (2018= $15,000)

Administrative capacity ( Number of customers) (2017=4,700 ) (2018= 4450)

Administrative costs (2017= 1,739,000) (2018=1,691,000)

Administrative cost per customer (row 7/ row6) (2017= $370) (2018= $380)

A. $1,440,000

B. $1,470,000

C. $1,740,000

D. $1,480,000

25- What costs that are ignored by companies that use variable costing? and why?

A. Fixed costs, irrelevant

B.Fixed costs, relevant

C. Variable costs, irrelevant

D. Variable costs, relevant