Question 1 Which of the following are included in the Cost of Goods Sold? 0 Direct Material Costs, Manufacturing Overhead, Direct Labour Costs 0 Indirect Overhead, Direct Material Costs, Gross Profit. 0 Marketing, Shareholder Prot, Indirect Overhead 0 General Administrative Costs, Direct Labour Costs, Direct Material Costs 0 Manufacturing Overhead, Direct Material Revenue, Direct Labour Revenue 1 pts Question 2 1 pts Identify the following as either Production Costs, Period Costs, or Neither. Direct Material Cost 1/6 [ Choose ] v Administrative Cost [Choose] V Electricity Usage for Ofce Space I [Choose] v Marketing Costs I [Choose] v Rent for Shop Floor '7 [Choose] v] Company Taxes [ Choose ] v, Interest on Debt [Choose] v Question 3 1 pts What are the 2 Dimensions (main aspects) of Budgeting? 0 Static Budget and Flexible Budget 0 Strategic Plan and Performance Report 0 Operation Budget and Financial Budget 0 Incremental and Zero-Base Budget 0 Effectiveness and Efficiency 0 Planning and Control 2/6 Question 4 1 pts Identify the following as either Fixed, Variable or Mixed Costs: Rent on the Facility [ Choose ] Insurance on production equipment [ Choose ] Direct Material Cost [ Choose ] Salesperson earning a base salary of $4,000/month and $20 commission on [ Choose ] every unit sold over the monthly sales target of 40 units Property Tax [ Choose ] Depreciation on Asset using the Straight-line Method [ Choose ] Amortization [ Choose ] Utilities [ Choose ] Question 5 1 pts Which of the following will most likely result in an engineer encountering Analysis Paralysis when conducting the Cost Estimation? 3/60 Using TopDown Method due to the large quantity of historic data 0 When determining between manufacturing and nonmanufacturing costs 0 When conducting the Cost Estimation using the Power Sizing technique 0 When conducting the Cost Estimation using the Learning Curve technique 0 Using BottomUp Method due to the large quantity of activity details Question 6 1 pts Using the following Project Management Graph, what is the best time to perform the Life Cycle Costing Analysis? Costucommitted 100% --' 7 80% 005': 'n/' 20% E-- concept detailed make use& dispose . design design T'me Q When the committed costs reach 80% 0 At the End of the Use & Disposal Phase 4/6 At the End of the Detailed Design Phase O At the End of the Make Phase O At the End of the Conceptual Design Phase Question 7 2 pts Briggs and Stratton Corporation expects to manufacture and sell 25,000 motors for outdoor power equipment in 2023. The Selling Price is $65/unit. The Company can manufacture an additional 15,000 motors without adding new equipment. Given the following information below, what is the Breakeven Sales Volume? Briggs and Stratton Expenses for 25,000 Units Direct Materials $120,000 Direct Labour $110,000 Manufacturing Overhead Rent $90,000 Utilities for Production Equipment $30,000 Property Tax $20,000 Marketing and Administrative Marketing Staff Commissions $70,000 nsurance on Office Supplies $45,000 Utilities Expense $50,000 Question 8 2 pts Best Buy is currently running a promotion on both the Mavic Air and Mavic Pro Drones. The Manufacturer DJI produced a sales volume of 46,000 for the Mavic air and 67,000 for the Mavic Pro. The total overhead cost is $586,750. Using the historical data provided in the table below, determine the Total Cost per Unit for both models of the Drone. Mavic Air Mavic Pro 5/6Manic Air Mauic Pro Dire-ct Material $410,000 $220010 Direct Labour Cost $245,000 $140,000 Direct Labour Hours 33,500 26,600 Use the Functional Cost Allocation Method where the company set the Direct Labour Hours as their Cost Driver. 6/6