93. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. The average time to remove the flooring from 2 rooms is 2.25 hours per room. Determine the learning curve percentage experienced by Tom and Mike. Below are values that may be useful in answering this question. (95%) / In(2)--0074 In(90%), In(2)--0.152 in(85%) / ln(2)--0234 in(80%) / ln(2)--0322 in(75%)/In(2)--04 15 (70%) / In(2)--0515 )70% b) 75% c)80% d) Some other percentage Answer: b Difficulty: Medium Learning Objective: Describe cost estimation techniques. CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application 94. Consider the folilowing cost data for the cost object, number of machine setups. Each set of costs (A, B, and C) is from a different type of manufacturing operation and represents the cost behaviour for the cost of that company's machine setups. Number of Machine Setups Cost A CostB CostC 0 10 20 30 $80 37 20 40 60 80 100 78 81 79 91 123 154 50 Cost A is best described as: a) Fixed b) Variable c) Mixed d) Direct Answer: b Learning Objective: Describe the different types of cost behaviour, CPA: Management Aocounting/Problem-Solving and Decision-Making Difficulty: Easy or tranamiesion of this page is atty prohated