Homework Answers
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Answer)option a account analysis method this method is used for cost estimation by breaking down the accounts into fixed , variable or mixed.General ledger is a complete account of all transactions thus by analysing each transaction on the basis of behaviour we can classify each account. |
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13) The is used to estimate costs by classifying accounts in the general ledger as fixed,...
A. 1. Using account analysis, what was the accountant's estimate of total fixed costs for October? ...
A.
1. Using account analysis, what was the accountant's estimate of
total fixed costs for October?
2. Using account analysis, what was the accountant's estimate of
total variable costs for October?
B.
1. Using the high-low method, what was the accountant's estimate
of total fixed costs for October?
2. Using the high-low method, what was the accountant's estimate of
variable costs per unit for October?
Mears Production Company makes several products and sells them for an average price of $70....
. Which of the following is NOT a technique used to estimate cost behavior (i.e., fixed...
. Which of the following is NOT a technique used to estimate cost behavior (i.e., fixed and variable cost)? Account classification Visual inspection of scatterplot graph Linear regression analysis High-Low method All of the above are methods of estimating cost behavior None of the above are methods of estimating cost behavior
5. A controller in a company wants to estimate the cost behaviour of customer service costs....
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs....
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs....
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following...
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
Please help. 1. Postings to the control accounts in the general ledger are made a. annually...
Please help.
1. Postings to the control accounts in the general ledger are made a. annually b. daily. c. monthly d. weekly 2. The balance of a control account in the general ledger a. must always be zero. b. must equal the amount of total assets. c. is always greater than the composite balance of individual accounts in a related subsidiary ledger. d. must equal the composite balance of individual accounts in a related subsidiary ledger. 3. Postings are made...
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...
3. A procedure used to estimate the regression parameters ?? and Ais to find the linef=A+Ax...
3. A procedure used to estimate the regression parameters ?? and Ais to find the linef=A+Ax which minimizes the sum of the squared distances of the data points from this line. A. Best-squares method B. Regression analysis method C. Coefficient of determination method D. Least-squares method 4. Suppose that the least-squares line is 73.3 0.497x and the residual is e 9.22 for the observation y80. What was value of the predictor x for this observation? A. -32.03 B. -5.07 C....
Outlers V 20. Some companies choose to use the scattergraph method to estimate costs because this...
Outlers V 20. Some companies choose to use the scattergraph method to estimate costs because this method considers: only the average levels of activity. b. only the highest levels of activity. c. only the lowest levels of activity. d. all data points. e None of the answer choices is correct. Exhibit 5-5 Tyler Incorporated sells 5,000 units per month with the following costs: Variable costs: Fixed costs: $1.25 per unit $3,000 per month 21. Refer to Exhibit 5-5. What are...
A.
1. Using account analysis, what was the accountant's estimate of
total fixed costs for October?
2. Using account analysis, what was the accountant's estimate of
total variable costs for October?
B.
1. Using the high-low method, what was the accountant's estimate
of total fixed costs for October?
2. Using the high-low method, what was the accountant's estimate of
variable costs per unit for October?
Mears Production Company makes several products and sells them for an average price of $70....
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
5. A controller in a company wants to estimate the cost behaviour of customer service costs. Which of the following is an application of managerial judgement in determining cost behaviour? A. The accountant performs a scattergraph analysis and deletes several data points determined to be outliers. B. The accountant decides to use the last three years' data, but excluding the period when there, was a workers' labour strike which resulted in reduced productivity C. The accountant runs a regression using...
Please help.
1. Postings to the control accounts in the general ledger are made a. annually b. daily. c. monthly d. weekly 2. The balance of a control account in the general ledger a. must always be zero. b. must equal the amount of total assets. c. is always greater than the composite balance of individual accounts in a related subsidiary ledger. d. must equal the composite balance of individual accounts in a related subsidiary ledger. 3. Postings are made...
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...
3. A procedure used to estimate the regression parameters ?? and Ais to find the linef=A+Ax which minimizes the sum of the squared distances of the data points from this line. A. Best-squares method B. Regression analysis method C. Coefficient of determination method D. Least-squares method 4. Suppose that the least-squares line is 73.3 0.497x and the residual is e 9.22 for the observation y80. What was value of the predictor x for this observation? A. -32.03 B. -5.07 C....
Outlers V 20. Some companies choose to use the scattergraph method to estimate costs because this method considers: only the average levels of activity. b. only the highest levels of activity. c. only the lowest levels of activity. d. all data points. e None of the answer choices is correct. Exhibit 5-5 Tyler Incorporated sells 5,000 units per month with the following costs: Variable costs: Fixed costs: $1.25 per unit $3,000 per month 21. Refer to Exhibit 5-5. What are...
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