Homework Answers
| 7. False | |
|
8. False Not all costs behave in a liner manner |
|
|
9. False The contribution margin is calculated by deducting total variable costs from the sales revenue |
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Question 7 2 pts Regression analysis and the high-low method often result in the same fixed...
The high−low method is theoretically better than regression analysis because the high−low method uses more data...
The high−low method is theoretically better than regression analysis because the high−low method uses more data points than regression analysis. True False
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using...
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using historical information fits a straight line to a set of data points? Scattergraph method and regression analysis Scattergraph method and account analysis High-low method and account analysis Scattergraph method and high-low method None of the answer choices is correct. Question 16 2 pts All of the following are steps of the high-low method except: stating the results in equation form Y=f+ vX. calculating the...
30. High fixed costs will result in a larger variation in operating income than a low...
30. High fixed costs will result in a larger variation in operating income than a low fixed cost structure. True False 31. Bottoms up budgets are the same as self-imposed budgets. True False 32. Today is November 1, 2018. A continuous budget for the period from November 1, 2018 through October 31, 2019 is more reflective of current operating conditions than an operating budget for calendar 2018 that was compiled in November 2017. True False 33. A big advantage of...
Question 1 1 pts The range over which a company is expected to operate is called...
Question 1 1 pts The range over which a company is expected to operate is called the relevant range of the activity index. True False Question 2 1 pts A mixed cost contains both selling and administrative cost elements. True False Question 3 1 pts Variable costs are costs that remain the same per unit at every level of activity. True False Question 4 1 pts If a salesperson incurs $2,000 of expenses in servicing two customers and $4,000 of...
D Question 3 3 pts The breakeven point in sales is the fixed cost divided by...
D Question 3 3 pts The breakeven point in sales is the fixed cost divided by the contribution margin per unit. True O False D Question 4 3 pts The margin of safety equal actual sales-breakeven sales O True O False 3 pts D Question 5 D Question 5 3 pts machine hours can be used as an allocation base for calculating the pre determined rate True ○ False 3 pts D Question 6 rates are assigned to An unfavorable...
U Question 7 2 pts In a recent twin studies from researchers at King's College London,...
U Question 7 2 pts In a recent twin studies from researchers at King's College London, the researchers wanted to test whether stronger thigh muscular power is an indicator of sharper minds. To test this, they recruited 162 female twins. For this analysis, the linear regression is preferred than the one-way ANOVA O True False Question 8 2 pts Lease Significant Difference (LSD) method post hoc analysis of one-way ANOVA is same as independent two group t-test. True False Panther...
2 pts Question 4 In the classical regression model we maximize the sum of the squared...
2 pts Question 4 In the classical regression model we maximize the sum of the squared errors. O True False 2 pts D Question 5 The terms coefficients of determination and R-square are synonyms, measuring how well a regression model fits the data. O True False 2 pts Question 6 Student's t-statistic is calculated as the ratio of an estimated coefficient divided by its standard error. True False
Determine whether the High-Low method or Regression Analysis is better to predict monthly overhead costs. Explain...
Determine whether the High-Low method or Regression Analysis is
better to predict monthly overhead costs. Explain which model is
the better? Why or why not?
Use absolute cell address in y = a + bX
formula (Use absolute August X Value) to predict January and
December overhead costs. Do you think these predicted overhead
costs are reasonable?
Observation Month Known X Known Y Overhead Cost Production Units $250,000.00 34000 $184,000.00 26000 $165,000.00 21000 $178,000.00 24000 $192,000.00 28000 $225,000.00 32000 $210,000.00...
help with 7-10 Question 7 1 pts Phosphorylation of kinases in one location can result in activation, while phosphor...
help
with 7-10
Question 7 1 pts Phosphorylation of kinases in one location can result in activation, while phosphorylation in another location on the same protein can result in deactivation of the enzyme. True False Question 8 2 pts Dephosphorylation, or removal of a phosphate group, is accomplished with the help of a both kinases and phosphatases neither kinases not phosphatases phosphatase kinase Question 9 1 pts Select all of the following that act as second messengers. D DAG CAMP...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a firm expects its total sales to be $160,000, its total variable costs to be $95.000, and its total fixed costs to be $25,000. The contribution margin for March is: O $65,000. O $90,000 $120,000 O $40,000 $25,000 2.5 pts Question 12 Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income...
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using historical information fits a straight line to a set of data points? Scattergraph method and regression analysis Scattergraph method and account analysis High-low method and account analysis Scattergraph method and high-low method None of the answer choices is correct. Question 16 2 pts All of the following are steps of the high-low method except: stating the results in equation form Y=f+ vX. calculating the...
Question 1 1 pts The range over which a company is expected to operate is called the relevant range of the activity index. True False Question 2 1 pts A mixed cost contains both selling and administrative cost elements. True False Question 3 1 pts Variable costs are costs that remain the same per unit at every level of activity. True False Question 4 1 pts If a salesperson incurs $2,000 of expenses in servicing two customers and $4,000 of...
D Question 3 3 pts The breakeven point in sales is the fixed cost divided by the contribution margin per unit. True O False D Question 4 3 pts The margin of safety equal actual sales-breakeven sales O True O False 3 pts D Question 5 D Question 5 3 pts machine hours can be used as an allocation base for calculating the pre determined rate True ○ False 3 pts D Question 6 rates are assigned to An unfavorable...
U Question 7 2 pts In a recent twin studies from researchers at King's College London, the researchers wanted to test whether stronger thigh muscular power is an indicator of sharper minds. To test this, they recruited 162 female twins. For this analysis, the linear regression is preferred than the one-way ANOVA O True False Question 8 2 pts Lease Significant Difference (LSD) method post hoc analysis of one-way ANOVA is same as independent two group t-test. True False Panther...
2 pts Question 4 In the classical regression model we maximize the sum of the squared errors. O True False 2 pts D Question 5 The terms coefficients of determination and R-square are synonyms, measuring how well a regression model fits the data. O True False 2 pts Question 6 Student's t-statistic is calculated as the ratio of an estimated coefficient divided by its standard error. True False
Determine whether the High-Low method or Regression Analysis is
better to predict monthly overhead costs. Explain which model is
the better? Why or why not?
Use absolute cell address in y = a + bX
formula (Use absolute August X Value) to predict January and
December overhead costs. Do you think these predicted overhead
costs are reasonable?
Observation Month Known X Known Y Overhead Cost Production Units $250,000.00 34000 $184,000.00 26000 $165,000.00 21000 $178,000.00 24000 $192,000.00 28000 $225,000.00 32000 $210,000.00...
help
with 7-10
Question 7 1 pts Phosphorylation of kinases in one location can result in activation, while phosphorylation in another location on the same protein can result in deactivation of the enzyme. True False Question 8 2 pts Dephosphorylation, or removal of a phosphate group, is accomplished with the help of a both kinases and phosphatases neither kinases not phosphatases phosphatase kinase Question 9 1 pts Select all of the following that act as second messengers. D DAG CAMP...
ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a firm expects its total sales to be $160,000, its total variable costs to be $95.000, and its total fixed costs to be $25,000. The contribution margin for March is: O $65,000. O $90,000 $120,000 O $40,000 $25,000 2.5 pts Question 12 Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income...
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