. 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
Homework Answers
Answer : e. All of the above are methods of estimating cost behavior
as
Accounts classification , Visual inspection of scatterplot graph , Linear regression analysis
and high low method are all may be used to estimate cost behavior
Add Answer to:
. Which of the following is
NOT a technique used to estimate cost behavior
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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....
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13) The is used to estimate costs by classifying accounts in the general ledger as fixed,...
13) The is used to estimate costs by classifying accounts in the general ledger as fixed, variable or mixed. a) account analysis method. b) multiple regression method. c) coefficient of.correlation method. d) lease cost method. Answer: (3 points)
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Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...
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Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel Using the High-Low Method to Estimate Variable...
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To estimate the parameters of this cost function, the accountant first studied the behavior of last...
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28-34 28. An example of a fixed cost related to delivery activity is: a. rent on...
28-34
28. An example of a fixed cost related to delivery activity is: a. rent on a factory building b. depreciation on a factory building c. vehicle insurance d. the salary of the vice president of sales 29. The extent of business activity within which cost behavior assumptions are valid is known as the: a. total cost horizon b. fixed cost index C. relevant range d. variable cost index 30. When the firm lacks past experience concerning a cost's reaction...
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...
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....
The controller of WatoWato Co. has collected the following data for analyzing the cost behavior -of utility costs. Total Machine HoursTotal Utility Costs 300 350 2500 3000 3600 4500 3200 4900 4100 3800 5100 4200 3300 January February March June 520 September October November December 630 350 720 (a) Determine the fixed- and variable-cost components using regression analysis (you are required to use MS-Excel (employ either Data Anaysis Pack or excel tormulas) (b) Prepare a scatter plot using Excel. Present...
13) The is used to estimate costs by classifying accounts in the general ledger as fixed, variable or mixed. a) account analysis method. b) multiple regression method. c) coefficient of.correlation method. d) lease cost method. Answer: (3 points)
Exercise 6-34 Estimating Cost Behavior by Multiple Methods (Appendix) (LO 6-1, 6-2, 6-5, 6-9) Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varies. The utility costs for one of the company's stores are listed below for the past six months. Total Utility Total Hours Month of Operation January 550 February 600 March 700 April 500 May 450 400...
28-34
28. An example of a fixed cost related to delivery activity is: a. rent on a factory building b. depreciation on a factory building c. vehicle insurance d. the salary of the vice president of sales 29. The extent of business activity within which cost behavior assumptions are valid is known as the: a. total cost horizon b. fixed cost index C. relevant range d. variable cost index 30. When the firm lacks past experience concerning a cost's reaction...
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