Please answer the below questions ASAP for mba 560 financial and managerial accounting.

Variable costs are described by which of the following statements?

A. They are fixed per unit and vary in total.

B. They decrease per unit as production volume increases.

C. They are fixed in total.

D. They vary per unit of output.

Cost behavior can be mathematically expressed using equations.

True

False

Management has little or no control over

A. discretionary fixed costs.

B. committed fixed costs.

C. all fixed costs.

D. all of the above.

Which of the following cost behaviors cannot be accurately represented by a single straight line?

A. Step costs

B. Mixed costs

C. Variable costs

D. Fixed costs

An equation of a line for total mixed costs is

A. f = vx minusy.

B. y = vx minus f.

C. f = vx + y.

D. y = vx + f.

What variable represents the volume of activity in the equation: y = vx + f? (Assume v represents the variable cost per unit of activity.)

A. vx

B. y

C. x

D. v

In the equation y = $7.20x + $790, "y" represents

A. variable costs/unit.

B. total costs.

C. total fixed costs.

D. none of the above.

George Company has a relevant range of 150,000 units to 400,000 units. The company has total fixed costs of $525,000. Total fixed and variable costs are $612,500 at a production level of 175,000 units. The variable cost per unit at 300,000 units is

A. greater than at 175,000 units.

B. dependent upon fixed costs per unit.

C. the same as at 175,000 units.

D. less than at 175,000 units.

Using account analysis, what type of cost is the price of gasoline when your car gets 30 miles per gallon and each gallon costs $3.65?

A. Step

B. Variable

C. Fixed

D. Mixed

Using account analysis, what type of cost is a community activity pass that costs $80 plus $15.00 per event?

A. Fixed

B. Variable

C. Mixed

D. Step

Manufacturing overhead (consisting of costs like factory rent, factory utilities, factory maintenance, and other similar costs) is usually what type of cost?

A. Step

B. Variable

C. Mixed

D. Fixed

Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served.

Month	Number of ice cream cones	Total operating costs
April	800	$950
May	825	$975
June	1,125	$1,000
July	2,000	$1,250
August	1,500	$1,875
September	900	$1,500

Using the highlow method, the monthly operating costs long dashif Mr. Jones sells 1,436 ice cream cones in a month long dashare

A. $859.

B. $359.

C.$1,109.

D. $750.

Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area. It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. Johnson Trucking Company has the following data available.

Month	Miles driven	Total operating costs
January	16,200	$22,650
February	17,000	$23,250
March	18,200	$24,150
April	16,500	$22,875
May	17,400	$23,550
June	15,400	$22,050

Using the High low method, the fixed costs in a month are

A. $13,650.

B. $10,500.

C. $46,200.

D. $ 2,100.

Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed corn. At their weekly meeting they tried to calculate the portion of the farm's overhead expenses that is fixed and the portion that is variable. Over the past twelve months, the number of bushels of seed corn that has been sold reached its peak in May, when the total monthly overhead costs totaled $250,000 for 95,000 bushels of seed corn sold. The lowest number of bushels sold in the last twelve months occurred in December, when total overhead costs were $75,000 for 7,500 bushels sold. What is the fixed portion of the monthly overhead expenses?

A. $60,000

B. $190,000

C. $75,000

D. $242,500

Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information:

Intercept Coefficient = 89,500

X Variable 1 Coefficient = 62.50

Rminussquare

= 0.9855

What is the company's monthly cost equation?

A. y = $62.50x + $89,500

B. y = $89,500x + $98.55

C. y = $98.55x + $89,500

D y = $89,500x + $62.98

Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information:

Intercept Coefficient = 75,828

X Variable 1 Coefficient = 52.61

Rminussquare

= 0.9756

Should your client use this information to predict monthly operating costs?

A. No, because Rminussquare is so high.

B. Yes, because regression analysis can be relied upon.

C. Yes, because Rminussquare is so high.

D. There is not enough information to make this prediction.

On a contribution margin income statement, sales revenue less variable expenses equals

A. operating expenses.

B. contribution margin.

C. gross profit.

D. operating income.

The contribution margin income statement presents ________ above the contribution margin line.

A. only fixed expenses relating to selling and administrative activities

B. only variable expenses relating to selling and administrative activities

C. all fixed expenses

D. all variable expenses

All variable costs are listed ________ on a contribution margin income statement.

A. below the gross profit line

B. below the contribution margin line

C. above the contribution margin line

D. above the gross profit line

When the number of units produced is less than the number of units sold, how does operating income under variable costing differ from operating income under absorption costing?

A. It is lower than operating income under absorption costing.

B. It is higher than operating income under absorption costing.

C. It is the same as operating income under absorption costing.

D. It depends upon the amount of decline.