the area over which cost relationships are valid as applied in cost accounting is called the a. scattergraph b. goal con...
the area over which cost relationships are valid as applied in cost accounting is called the
a. scattergraph
b. goal congruence
c. linear regression
d. relevant range
Homework Answers
| Relevant range is the the area over which cost relationships are valid and true as applied in cost accounting |
| Relevant range is the range of production over which the cost relationships hold true. |
| Within relevant range fixed costs in total remain constant and do not change. |
| Within relevant range variable cost per unit remains same. |
| Option D relevant range is correct |
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the area over which cost relationships are valid as applied in cost accounting is called the a. scattergraph b. goal con...
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use scattergraph method, high low method, and the least square regression 247 Cost-Volume-Profit Relationships EXHIBIT SA-5...
use
scattergraph method, high low method, and the least square
regression
247 Cost-Volume-Profit Relationships EXHIBIT SA-5 A Scattergraph Plot for Brentine Hospital Using Microsoft Excel 5:2.000 $10,000 58,000 Maintenance cost 56.000 54.000 52.000 2,000 2000 6.000 4000 Patient Day To prepare a scattergraph plot in Excel, begin by highlighting the data in cells B4 through CIO (as shown in Exhibit 5A-4). From the Charts group within the Insert tab, select the "Scatter" subgroup and then click on the choice that...
14. A band of normal activity or volume in which specific cost-volume relationships are maintained is...
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Which of the following is true regarding a responsibility accounting system? It should not hold a manager responsible for costs over which the manager has no influence It assigns responsibility for...
Which of the following is true regarding a responsibility accounting system? It should not hold a manager responsible for costs over which the manager has no influence It assigns responsibility for costs to the appropriate managerial level that controls those costs It is designed to measure the performance of managers in terms of controllable costs It can be applied at any level of organization All of the above are true Outdoor Living Company has just received a special order for...
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed...
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed to be linear. This assumption is called: the relevant range' assumption b. the 'linear budgeting' assumption c. the 'variable costing' assumption 2. Which of the following components of factory overhead would most likely be considered a variable cost: straight-line depreciation on factory equipment indirect labor wages paid to the factory maintenance crew c. Indirect materials used in production the cost of factory rent 3....
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3...
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3 III 12. II 13. Oa! Ob. 11 c. III 14. Od. None of these choices are correct. 15. N 16. 17 18 19. 20 21 22 Progress: 17/37 items Calculator The accounting information subsystem that is primarily concerned with producing outputs for external users is called: Oa. cost management information system Ob.computer system Oc. financial accounting information system Od. internal accounting system 7 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession...
19. Past relationships between cost and activity may not be a useful basis for estimating future...
19. Past relationships between cost and activity may not be a useful basis for estimating future costs A) if most of a company's costs are variable. B) if the cost is a mixed cost. C) if future activity levels are expected to be beyond the relevant range. D) the company is able to accurately estimate its cost behavior.
Which of the following is not a common pitfall of regression? A. Using a regression equation...
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5) Which force produces the greatest pressure G A 750 N force applied over a 2...
5) Which force produces the greatest pressure G A 750 N force applied over a 2 cm area at the heel just after heel-strike3750 b) A 400 N force applied over a 25 cm area during mid-stance c) A 700 N force applied over a 3 cm area at toe-off a 3333 333a, A 500 N force applied over a 1.5 ㎝ area immediately after heel-strike 6) Which of the following statements about impulse-Momentum is incorrect? a) it involves the...
Breakeven analysis assumes over the relevant range that A- Selling prices are nonlinear. B- Fixed costs...
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use
scattergraph method, high low method, and the least square
regression
247 Cost-Volume-Profit Relationships EXHIBIT SA-5 A Scattergraph Plot for Brentine Hospital Using Microsoft Excel 5:2.000 $10,000 58,000 Maintenance cost 56.000 54.000 52.000 2,000 2000 6.000 4000 Patient Day To prepare a scattergraph plot in Excel, begin by highlighting the data in cells B4 through CIO (as shown in Exhibit 5A-4). From the Charts group within the Insert tab, select the "Scatter" subgroup and then click on the choice that...
14. A band of normal activity or volume in which specific cost-volume relationships are maintained is referred to as the A) average range B) cost-allocation range C) cost driver range D) relevant range
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed to be linear. This assumption is called: the relevant range' assumption b. the 'linear budgeting' assumption c. the 'variable costing' assumption 2. Which of the following components of factory overhead would most likely be considered a variable cost: straight-line depreciation on factory equipment indirect labor wages paid to the factory maintenance crew c. Indirect materials used in production the cost of factory rent 3....
Given the following graphs, which graph represents fixed costs 9. 10. Vett 11. 1 2 3 III 12. II 13. Oa! Ob. 11 c. III 14. Od. None of these choices are correct. 15. N 16. 17 18 19. 20 21 22 Progress: 17/37 items Calculator The accounting information subsystem that is primarily concerned with producing outputs for external users is called: Oa. cost management information system Ob.computer system Oc. financial accounting information system Od. internal accounting system 7 engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession...
19. Past relationships between cost and activity may not be a useful basis for estimating future costs A) if most of a company's costs are variable. B) if the cost is a mixed cost. C) if future activity levels are expected to be beyond the relevant range. D) the company is able to accurately estimate its cost behavior.
5) Which force produces the greatest pressure G A 750 N force applied over a 2 cm area at the heel just after heel-strike3750 b) A 400 N force applied over a 25 cm area during mid-stance c) A 700 N force applied over a 3 cm area at toe-off a 3333 333a, A 500 N force applied over a 1.5 ㎝ area immediately after heel-strike 6) Which of the following statements about impulse-Momentum is incorrect? a) it involves the...
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