Question

Which of the following would most likely not be useful inputs to a system that helps managers forecast sales using data analytics and machine​ learning?

A.

Details about potential customers

B.

Details about new management techniques to be implemented next month

C.

Details surrounding last​ month's disappointing sales volume

D.

Details about the​ company's existing customers

Which of the following is a variable cost if the cost object is a​ product?

A.

Insurance premiums paid during the year

B.

Property taxes on all real estate owned by the firm

C.

Direct materials cost incurred to make products sold by the company

D.

Interest payments on the​ company's mortgage on the​ headquarters' building

The assignment of the cost of the leather used to make 100 bicycle seats to a custom order to be shipped to a bike retailer is an example​ of:

A.

the cost tracing of direct costs to the chosen cost object

B.

the process of tracking both direct and indirect costs associated with a cost object

C.

a function of cost accumulation

D.

the process of determining the actual cost of the cost object

A unit cost is also called an average cost.

True

False

Answer 1

Which of the following would most likely not be useful inputs to a system that helps managers forecast sales using data analytics and machine​ learning?

C. Details surrounding last​ month's disappointing sales volume.

Because last month's sales volume will be not much useful for forecasting sales.

Which of the following is a variable cost if the cost object is a​ product?

C. Direct materials cost incurred to make products sold by the company.

Because Direct material cost is variable cost.

The assignment of the cost of the leather used to make 100 bicycle seats to a custom order to be shipped to a bike retailer isan example​ of:

A.the cost tracing of direct costs to the chosen cost object.

leather is direct costs and cost object is bicycle.

A unit cost is also called an average cost.

True.

Because total cost production divided by the number of unit produced will be equal to average cost per unit.