Homework Answers
| 95) | Option [d] Fixed |
| It is not linear. It has no relationship with the activity | |
| level. | |
| 96) | Option [c] Mixed |
| There is a cost of $5 at 0 level of activity. |
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5. Consider the following cost data for the cost object, number of machine setups. Each set...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. The average time to remove the flooring from 2 rooms is 2.25 hours per room. Determine the learning curve percentage experienced by Tom and Mike. Below are values that may be useful in answering this question. (95%) / In(2)--0074 In(90%),...
60. Smith Company is attempting to develop the cost function for repair costs. The following past...
60. Smith Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours 4,800 3,400 4,000 5,900 Repair Costs $6,385 4,585 5,285 7,085 Using the high-low method, what is the variable repair cost per machine hour? a) $0.15 b) $1.00 c) $4.00 d) $5.00 Answer: b Difficulty: Easy Learning Objective: Describe cost estimation techniques CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application 61. Smith Company is attempting to develop the cost function for...
97. Three different divisions of a footwear manufacturing company are estimating oosts for their human resources...
97. Three different divisions of a footwear manufacturing company are estimating oosts for their human resources departments. Each division has a cost structure that is different from the other divisions' and those structures are represented by the following cost behaviour patterns (A, B and C). Number of $120 118 123 124 119 $118 180 245 296 360 25 50 100 125 200 75 100 Which cost is best desoribed as fixed? a) Cost A b) Cost B c)Cost C d)Cost...
76. A firm selling three products has the following data: Unit Unit Variable Product Sales Mix...
76. A firm selling three products has the following data: Unit Unit Variable Product Sales Mix Price Cost 60,000 units $40 S20 40,000 units 60 30 20,000 units 30 5 If the firm can change the sales mix from 60,000 P, 40,000 Q, and 20,000 R to 60,000 P, 20,000 Q, and 40,000 R, pre-tax income will be a) Lower b) Higher c) Unchanged d) Cannot be determined Answer: a Difficulty: Medium Learning Objective: Apply CVP calculations for multiple products....
39. The Puppet Co. has the following unit and mix data: Dah To $4.00 0.6 20%...
39. The Puppet Co. has the following unit and mix data: Dah To $4.00 0.6 20% $5.00 Unit sales price Unit contribution margin Sales mix (S) Fixed costs Target 0.75 $99,000 24.750 How many units of Dah must be sold at the breakeven point? a) 75,000 b) 27,500 c) 37,500 d) 55,000 Answer: b Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 40. The Puppet Co. has the following unit and mix data: Dah To...
35. PhotoMix Corporation produces three products. Cost, price, and volume data is shown below: Total Fixed...
35. PhotoMix Corporation produces three products. Cost, price, and volume data is shown below: Total Fixed costs $2.400 Tax rate 40% Candle Holders Holders Holders Normal volume Price per unit Variable cost per unit 150 $5 $10 3 2 When using units as the measure, what proportion of the sales mix do picture holders represent? Round to the nearest whole percent. a) 33% b) 46% c) Some other percentage d) Cannot be determined Answer: b Difficulty: Easy Learning Objective: Explain...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y $25x; the equation of the solid line is y $200 $5x. 600 $500 400 $300 200 $100 The solid line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: C Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 69. Data extracted from the accounting information...
2. Using the data set of the Health Exam Results, conduct the following analysis between the variables of weight (WT) and Body Mass Index (BMI). Number the data set from 1 to 40, and select the...
2. Using the data set of the Health Exam Results, conduct the following analysis between the variables of weight (WT) and Body Mass Index (BMI). Number the data set from 1 to 40, and select the following individuals: . Set 1 (Malo): 1, 5, 10, 13, 15, 18, 19, 24, 29, 31, 32, 33 .Set 2 (Fomalo): 4, 9, 15, 16, 17, 22, 23, 29, 33, 37, 38, 40 Draw a scatter diagram of the sample of 12 data set...
QUESTION 7 The data set Beer Large, which can be found in StatCrunch Shared Data Sets,...
QUESTION 7 The data set Beer Large, which can be found in StatCrunch Shared Data Sets, gives the Alcohol, Carbohydrates and Calories for different brands of beer. The explanatory variable is x + Carbohydrates and the response variable is Y - Calories. Use this information to answer: Calculate the correlation between carbohydrates and calories. (4 decimal places) Row vars varo var var 8 var9 var 10 2 الميا ABV 4.1 5.4 4.43 4.13 5.9 4.9 Carbs 2.6 13.7 5.8 5...
== Programming Assignment == For this assignment you will write a program that controls a set...
== Programming Assignment == For this assignment you will write a program that controls a set of rovers and sends them commands to navigate on the Martian surface where they take samples. Each rover performs several missions and each mission follows the same sequence: deploy, perform one or more moves and scans, then return to base and report the results. While on a mission each rover needs to remember the scan results, in the same order as they were taken,...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. The average time to remove the flooring from 2 rooms is 2.25 hours per room. Determine the learning curve percentage experienced by Tom and Mike. Below are values that may be useful in answering this question. (95%) / In(2)--0074 In(90%),...
60. Smith Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours 4,800 3,400 4,000 5,900 Repair Costs $6,385 4,585 5,285 7,085 Using the high-low method, what is the variable repair cost per machine hour? a) $0.15 b) $1.00 c) $4.00 d) $5.00 Answer: b Difficulty: Easy Learning Objective: Describe cost estimation techniques CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application 61. Smith Company is attempting to develop the cost function for...
97. Three different divisions of a footwear manufacturing company are estimating oosts for their human resources departments. Each division has a cost structure that is different from the other divisions' and those structures are represented by the following cost behaviour patterns (A, B and C). Number of $120 118 123 124 119 $118 180 245 296 360 25 50 100 125 200 75 100 Which cost is best desoribed as fixed? a) Cost A b) Cost B c)Cost C d)Cost...
76. A firm selling three products has the following data: Unit Unit Variable Product Sales Mix Price Cost 60,000 units $40 S20 40,000 units 60 30 20,000 units 30 5 If the firm can change the sales mix from 60,000 P, 40,000 Q, and 20,000 R to 60,000 P, 20,000 Q, and 40,000 R, pre-tax income will be a) Lower b) Higher c) Unchanged d) Cannot be determined Answer: a Difficulty: Medium Learning Objective: Apply CVP calculations for multiple products....
39. The Puppet Co. has the following unit and mix data: Dah To $4.00 0.6 20% $5.00 Unit sales price Unit contribution margin Sales mix (S) Fixed costs Target 0.75 $99,000 24.750 How many units of Dah must be sold at the breakeven point? a) 75,000 b) 27,500 c) 37,500 d) 55,000 Answer: b Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 40. The Puppet Co. has the following unit and mix data: Dah To...
35. PhotoMix Corporation produces three products. Cost, price, and volume data is shown below: Total Fixed costs $2.400 Tax rate 40% Candle Holders Holders Holders Normal volume Price per unit Variable cost per unit 150 $5 $10 3 2 When using units as the measure, what proportion of the sales mix do picture holders represent? Round to the nearest whole percent. a) 33% b) 46% c) Some other percentage d) Cannot be determined Answer: b Difficulty: Easy Learning Objective: Explain...
68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y $25x; the equation of the solid line is y $200 $5x. 600 $500 400 $300 200 $100 The solid line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: C Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 69. Data extracted from the accounting information...
2. Using the data set of the Health Exam Results, conduct the following analysis between the variables of weight (WT) and Body Mass Index (BMI). Number the data set from 1 to 40, and select the following individuals: . Set 1 (Malo): 1, 5, 10, 13, 15, 18, 19, 24, 29, 31, 32, 33 .Set 2 (Fomalo): 4, 9, 15, 16, 17, 22, 23, 29, 33, 37, 38, 40 Draw a scatter diagram of the sample of 12 data set...
QUESTION 7 The data set Beer Large, which can be found in StatCrunch Shared Data Sets, gives the Alcohol, Carbohydrates and Calories for different brands of beer. The explanatory variable is x + Carbohydrates and the response variable is Y - Calories. Use this information to answer: Calculate the correlation between carbohydrates and calories. (4 decimal places) Row vars varo var var 8 var9 var 10 2 الميا ABV 4.1 5.4 4.43 4.13 5.9 4.9 Carbs 2.6 13.7 5.8 5...
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