Question
Understand one question can be asked but I will guarantee a thumbs up for the extra effort. This content I must study for a quiz
Understand one question can be asked but I will guarantee a thumbs up for the extra effort. This content I must study for a quiz so explanation would be great as well.
A total cost that changes in direct proportion to changes in activity is a
A. Mixed cost
B. Variable Cost
C. Fixed Cost
D. Semivariable cost
A unit cost that varies inversely to changes in activity is a
A. variable cost
B. marginal Cost
C. fixed cost
D. Opportunity cost
3. a cost that contains both a fixed and variable cost component is a
A. Opportunity cost
B. Sunk cost
C. regression Cost
D. Mixed cost
Which of the following is the method that visually fits a line through the sample data to develop a cost equation for a mixed cost?
A. account analysis
B. regression analysis
C. Astrograph approach
D. High-low method
Next two is following this data
Month Cost Hours
January $4400 3500
Feb $8000 7000
March 11000 9500
the variable cost per unit is
A. $0.80
B. $1.07
C. $1.10
D. $2.00
The fixed cost element is:
A. $ 5.50
B. $6.55
C. $7150
D. $5600
If variable costs are 60% of sales and fixed costs are $612,000, the break even point in dollars is:
A. $367,200
B. $1,530,000
C. $244, 800
D. $1,020,000
8. Assume a company fixed costs are $25,200. Its unit sales price is $17,50, and its unit cost is $10.50. The break -even point is units is:
A. 3,600
B. 1,440
C. 3,360
D 2,400
Assume Beale Co. expects to sell 150 units next month. The unit sales price is $80, unit variable cost is $30, and the fixed costs per month are $5,000. The margin of safety is:
A.$12,000
B. $5,000
C. $4,000
D. $2,500
Quad mix co. sells the three products shown below. determine which product should be produced if there are only 1,000 machine hours available next month:
W X Y z
Unit sales price $14 $16 $12 $8
Unit Variable cost 9 8 6 2
Machine hours per unit 2 4 3 2
A. W
B. X
C. Y
D. Z
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