66.

What are the two categories make up relevant costs?

• Fixed costs and variable costs
• Labor costs and materials costs
• Direct costs and indirect costs
• Administrative costs and overhead costs

67.

A contractor bases his estimate on previously performed similar projects. This is an example of which of the following estimation techniques?

• Three Point estimating
• Vendor bid analysis
• Analogous estimating
• Bottom Up estimating

68.

Using global resources, it is possible that laborers do not have the skills to pass inspection in other countries. Which current trend in cost accounting would be used to assist with this issue?

• Predictive cost accounting
• Behavior management techniques
• Just-in-time inventory
• Business analytics

69.

Last year, Connie's Computers had a revenue of $1,000,000 and total variable expenses of $850,000. What is Connie's Computer's contribution margin ratio?

• 0.85
• 0.15
• $1,850,000
• $150,000

70.

It will cost the company $115,000 to make 11,000 units or $155,000 to make 22,000 units. What are the fixed costs for the higher volume using the high-low method?

• $75,000
• $35,000
• $40,000
• $115,000