1. Rellings cost analyst uses annual data from the past several years to estimate the following regression equation with total manufacturing costs of the drink bottle as the dependent variable and drink bottles produced as the independent variable:

Y = $435,000 + $1.75X

During the years used to estimate the regression equation, the production of bottles varied from 200,000 to 235,000. Using this equation, estimate how much it would cost Welling to manufacture 220,000 drink bottles.

Question options:

a

Not Listed

b

$830,000

c

$435,002

d

$376,250

e

$811,250

2. The Shelley Company produces music videos. Based on past experience, Shelley has found that the annual production overhead is $300,000 of fixed expenses and $200 per hour of variable expenses. Next year, Shelley estimates it will require 900 hours of production time. What is their projected annual production overhead cost for next year?

Question options:

a	Not Listed
b	$180,000
c	$300,200
d	$120,000
e	$480,000

3. Countree Group produces and sells barbecue grills to retailers for $65 per grill. The variable costs per grill are as follows:

Direct materials $18.00

Direct labor 12.00

Variable manufacturing overhead 10.00

Variable selling expenses 5.00

Fixed manufacturing costs total $100,000 per year and fixed administrative costs total $25,000 per year. What is the volume in units necessary to sell for Countree to break even?

Question options:

a	6250 units
b	3571 units
c	$406,250
d	5000 units

4. Lockheart Industries makes one product. They have a contribution margin ratio of 30%. Contribution margin is $100 per unit. What are the revenue and variable cost for a single unit?

Question options:

a	333 and 233
b	333 and 100
c	300 and 200
d	300 and 100

5.The following are methods used to make predictions about future cost:

Mark ALL that are TRUE

Question options:

	Account Analysis
	Quantitative Analysis
	Variable Costing
	Industrial Engineering
	Value Engineering
	Regression Analysis
	Conference Method
	High-Low Method
	Sales Mix Analysis
	Median Analysis

6. Last year, Reid Company had no beginning inventory, produced 50,000 units, and sold 45,000 units at a price of $8 each. Total costs for last year were as follows:

Direct materials $50,000

Direct labor $75,000

Variable manufacturing overhead $25,000

Fixed manufacturing overhead $100,000

Variable selling expenses $36,000

Fixed selling expense $85,000

What is Reids finished goods ending inventory balance, using absorption costing?

Question options:

a	$37,100
b	$28,600
c	Not Listed
d	$25,000
e	$15,000

7. Signage Company sells two products. Product Vertical sells for $17 and has variable costs per unit of $7. Product Walls selling price and variable costs are $15 and $10, respectively. If fixed costs are $80,000 per year and Signage sells four times as many units of Product Verticals as Product Walls, what is the breakeven in number of units for each product each year?

Question options:

a	711 Verticals and 178 Walls
b	Another answer not listed here
c	6857 Verticles and 2286 Walls
d	2667 Verticals and 10,667 Walls
e	8000 Verticals and 16,000 Walls

8. Perry's Petals sells two products: bouquets sell for $20.00 and balloons sell for $6.00. Company fixed costs per month are $4837.50. The bouquets are purchased from a wholesaler for $9.00 and the balloons for $2.50. For each bouquet Perrys Petals sells, they sell three balloons. How many of each product must be sold each month to break even with the given sales mix?

Question options:

a	900 bouquets and 2700 ballons
b	Not Listed
c	440 bouquets and 1382 balloons
d	225 bouquets and 675 balloons
e	675 bouquets and 225 balloons

9.The margin of safety is the difference between:

Question options:

a	budgeted revenues and breakeven revenues
b	actual operating income and budgeted operating income
c	budgeted expenses and breakeven expenses
d	actual contribution margin and budgeted contribution margin

10. Mark the type of capacity level.

____	Normal capacity
____	Theoretical
____	Master-budget
____	Practical capacity

1.	Supply
2.	Demand

11. Dara's operating income was $12,000 last month. Last month, they sold 10,000 products at $10 each with variable costs of $8 each. What was Daras monthly fixed cost last month?

Question options:

a	$17,500
b	$8,000
c	$96,000
d	Not Listed
e	$12,000

12. If the variable costs per unit decrease, then

Contribution Margin and Break-even Point behaves in what ways?

Question options:

a	Not Listed
b	CM: Increases and BE: Decreases
c	CM: Decreases and BE: Decreases
d	CM: Decreases and BE: Increases
e	CM: Increases and BE: Increases

13. Boarders, Inc. produces and sells fine quality badminton racket sets. The company expects the following revenues and costs in 2019 for its Grand Prix racket sets:

Revenues (400 sets sold @ $300 per set) $120,000

Variable costs 88,000

Fixed costs 24,000

How many sets of these rackets must be sold to earn a target operating income of $45,000?

Question options:

a	80
b	300
c	575
d	875