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Deck 9: Setermining How Cost Management
Full screen (f)
Question
Answer the following questions using the information below:
Jamal's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Jamal's expects to sell 3,000 units next year?
A) $1,453,000
B) $1,332,000
C) $1,550,000
D) $1,671,000
Jamal's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Jamal's expects to sell 3,000 units next year?
A) $1,453,000
B) $1,332,000
C) $1,550,000
D) $1,671,000
Question
Answer the following questions using the information below:
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What was the variable cost per unit sold for 2014?
A) $13.50
B) $121.50
C) $186.50
D) $108
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What was the variable cost per unit sold for 2014?
A) $13.50
B) $121.50
C) $186.50
D) $108
Question
Answer the following questions using the information below:
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Mahmet's expects to sell 6,500 units next year?
A) $1,114,750
B) $665,000
C) $932,500
D) $1,017,500
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Mahmet's expects to sell 6,500 units next year?
A) $1,114,750
B) $665,000
C) $932,500
D) $1,017,500
Question
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $40.00
B) $56.66
C) $0.10
D) $50.00
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $40.00
B) $56.66
C) $0.10
D) $50.00
Question
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the constant for the estimating cost equation?
A) $4,000
B) $13,600
C) $20,000
D) $16,000
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the constant for the estimating cost equation?
A) $4,000
B) $13,600
C) $20,000
D) $16,000
Question
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the estimate of the total cost when 300 machine-hours are used?
A) $16,000
B) $8,000
C) $12,000
D) $4,000
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the estimate of the total cost when 300 machine-hours are used?
A) $16,000
B) $8,000
C) $12,000
D) $4,000
Question
Answer the following questions using the information below:
The Red Sea Company uses the high-low method to estimate it's cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $20.00
B) $25
C) $200.00
D) $250.00
The Red Sea Company uses the high-low method to estimate it's cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $20.00
B) $25
C) $200.00
D) $250.00
Question
Question
Question
Question
Answer the following questions using the information below:
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.
-How would the cost function be stated?
A) y = $3,562.30 + $0.144X
B) y = $107.20 + $1.12
C) y = $7,850 + $0.132X
D) y = $440 + $1.12X
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.-How would the cost function be stated?
A) y = $3,562.30 + $0.144X
B) y = $107.20 + $1.12
C) y = $7,850 + $0.132X
D) y = $440 + $1.12X
Question
Answer the following questions using the information below:
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.
-What is the estimated total cost at an operating level of 5,000 units?
A) $8,510.00
B) $6,227.20
C) $4,283.20
D) $6,040.00
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.-What is the estimated total cost at an operating level of 5,000 units?
A) $8,510.00
B) $6,227.20
C) $4,283.20
D) $6,040.00
Question
Answer the following questions using the information below:
The Badr Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Badr Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
-How is the cost function stated?
A) y = $10,112 + $8.64X
B) y = $21,360 + $10.40
C) y = $3,600 + $10.40X
D) y = $26,672 + $1.84X
The Badr Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Badr Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
-How is the cost function stated?
A) y = $10,112 + $8.64X
B) y = $21,360 + $10.40
C) y = $3,600 + $10.40X
D) y = $26,672 + $1.84X
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Full screen (f)
Deck 9: Setermining How Cost Management
1
Answer the following questions using the information below:
Jamal's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Jamal's expects to sell 3,000 units next year?
A) $1,453,000
B) $1,332,000
C) $1,550,000
D) $1,671,000
Jamal's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Jamal's expects to sell 3,000 units next year?
A) $1,453,000
B) $1,332,000
C) $1,550,000
D) $1,671,000
$1,550,000
2
Answer the following questions using the information below:
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What was the variable cost per unit sold for 2014?
A) $13.50
B) $121.50
C) $186.50
D) $108
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What was the variable cost per unit sold for 2014?
A) $13.50
B) $121.50
C) $186.50
D) $108
$121.50
3
Answer the following questions using the information below:
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Mahmet's expects to sell 6,500 units next year?
A) $1,114,750
B) $665,000
C) $932,500
D) $1,017,500
Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations.
-What are the estimated total costs if Mahmet's expects to sell 6,500 units next year?
A) $1,114,750
B) $665,000
C) $932,500
D) $1,017,500
$1,114,750
4
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $40.00
B) $56.66
C) $0.10
D) $50.00
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $40.00
B) $56.66
C) $0.10
D) $50.00
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
5
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the constant for the estimating cost equation?
A) $4,000
B) $13,600
C) $20,000
D) $16,000
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the constant for the estimating cost equation?
A) $4,000
B) $13,600
C) $20,000
D) $16,000
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
6
Answer the following questions using the information below:
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the estimate of the total cost when 300 machine-hours are used?
A) $16,000
B) $8,000
C) $12,000
D) $4,000
The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below:
-What is the estimate of the total cost when 300 machine-hours are used?
A) $16,000
B) $8,000
C) $12,000
D) $4,000
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
7
Answer the following questions using the information below:
The Red Sea Company uses the high-low method to estimate it's cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $20.00
B) $25
C) $200.00
D) $250.00
The Red Sea Company uses the high-low method to estimate it's cost function. The information for 2014 is provided below:
-What is the slope coefficient per machine-hour?
A) $20.00
B) $25
C) $200.00
D) $250.00
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
8
Answer the following questions using the information below:
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the slope coefficient per labor-hour?
A) $2.40
B) $3.76
C) $0.42
D) $4.67
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the slope coefficient per labor-hour?
A) $2.40
B) $3.76
C) $0.42
D) $4.67
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
9
Answer the following questions using the information below:
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the constant?
A) $34,000
B) $24,000
C) $83,500
D) $10,000
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the constant?
A) $34,000
B) $24,000
C) $83,500
D) $10,000
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
10
Answer the following questions using the information below:
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the estimate of total labor costs at Akram Company when 10,000 labor-hours are used?
A) $27,000
B) $41,000
C) $21,167
D) $17,000
For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the estimate of total labor costs at Akram Company when 10,000 labor-hours are used?
A) $27,000
B) $41,000
C) $21,167
D) $17,000
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
11
Answer the following questions using the information below:
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.
-How would the cost function be stated?
A) y = $3,562.30 + $0.144X
B) y = $107.20 + $1.12
C) y = $7,850 + $0.132X
D) y = $440 + $1.12X
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.-How would the cost function be stated?
A) y = $3,562.30 + $0.144X
B) y = $107.20 + $1.12
C) y = $7,850 + $0.132X
D) y = $440 + $1.12X
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
12
Answer the following questions using the information below:
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.
-What is the estimated total cost at an operating level of 5,000 units?
A) $8,510.00
B) $6,227.20
C) $4,283.20
D) $6,040.00
Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company.
Green Box Company uses the high-low method to analyze mixed costs.-What is the estimated total cost at an operating level of 5,000 units?
A) $8,510.00
B) $6,227.20
C) $4,283.20
D) $6,040.00
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
13
Answer the following questions using the information below:
The Badr Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Badr Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
-How is the cost function stated?
A) y = $10,112 + $8.64X
B) y = $21,360 + $10.40
C) y = $3,600 + $10.40X
D) y = $26,672 + $1.84X
The Badr Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Badr Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
-How is the cost function stated?
A) y = $10,112 + $8.64X
B) y = $21,360 + $10.40
C) y = $3,600 + $10.40X
D) y = $26,672 + $1.84X
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
Unlock Deck
k this deck
Unlock Deck
Unlock for access to all 13 flashcards in this deck.
