2. A manager is trying to estimate the manufacturing costs of a new product. The company makes several other products that utilize some of the same manufacturing procedures as the new product. Which cost estimation method would be the best method to determine the total cost of manufacturing the new product? (Points : 1)

engineering estimates regression analysis account analysis scattergraph high-low

6. The statistic used to determine if the total cost function is significantly different from the fixed cost function is the (Points : 1)

t-value of the b-coefficient. coefficient of determination. standard error of the estimate. coefficient of correlation. standard error of the a-coefficient

8. Which of the following costs would most likely be classified as variable assuming the account analysis method is used to determine cost behaviors? (Points : 1)

indirect materials. supervisory salaries equipment maintenance annual Christmas party building occupancy costs.

10. Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. The following information has been collected for the previous year:

Direct materials	$150,000
Direct labor	200,000
Sales commissions	100,000
Indirect labor	50,000
Rent on office equipment	25,000
Depreciation factory building	75,000
Utilities factory	125,000

Techniques used 25,000 direct labor hours and 50,000 machine hours during the previous year. What is the predetermined overhead rate per direct labor hour? (Points : 1)

$24.00

$15.00

$14.00

$10.00