A simple method for measuring a linear cost function from past cost data focusing on two representative points is Question 11 options:

a) account analysis

b) regression analysis.

c) the high-low method.

d) scatter plots.

Question 12 (1 point) Use the following information to answer the question: Estimated overhead: $320,000 Actual overhead costs incurred: $344,000 Estimated direct labour hours 40,000 Actual direct labour hours worked: 42,000 The budgeted factory overhead rate for applying manufacturing overhead would be Question 12 options:

a) $8.00.

b) $7.62.

c) $8.20.

d) $8.61.

Question 13 (1 point) Wright Company manufactures keyboards in a two-department process, Assembling and Finishing. Information on the first department, Assembly is as follows: Direct materials added $1,400,000 Direct labour 1,920,000 Factory overhead 960,000 Total costs to account for $4,280,000

There was no beginning inventory, and of the 400,000 units started in production 336,000 were completed and transferred to the Finishing department, while 64,000 units were still in process. These units had all materials added but were only 75% complete as far as conversion costs. The equivalent units for materials are Question 13 options:

a) 336,000.

b) 400,000.

c) 384,000.

d) 64,000.

Question 14 (1 point) The application of cost measures to expected future activity levels to forecast future costs is Question 14 options:

a) activity analysis.

b) cost prediction.

c) budgeting.

d) cost measurement.

Question 15 (1 point)

The Margin of Safety Question 15 options:

a) equals break-even unit sales less actual unit sales.

b) shows how far sales can fall below the planned level before losses occur.

c) is the sales price minus all the variable expenses.

d) is the same as the break-even point.