ACC 5361 TXst
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | TRUE - cost behavior studies the different ways that costs reacts to output changes
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| show | FALSE
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| RF company manufactures furniture. if furnitature were the cost object, the nails used to make the furniture would be considered a variable cost | show 🗑
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| show | FALSE
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| show | FALSE - flexible resources are supplied when needed, the costs of flexible resources increases as demand for the resources increases. thus, flexible resources are variable. committed resources are fixed
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| Committed resources may give rise to unused capacity | show 🗑
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| The relevant range is a wide range of activity where total variable costs remain the same | show 🗑
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| show | TRUE -
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| The high-low method calculates a better estimate of the cost formula than the method of least squares | show 🗑
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| Manufacturing overhead is usually a: | show 🗑
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| Within the relevant range of activity, if the level of activity increases, variable cost per unit | show 🗑
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| Within the relevant range of activity, total fixed cost will: | show 🗑
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| show | commissions paid to salesmen based on units sold - Commissions are variable costs because total commissions paid vary with sales
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| An example of a committed fixed cost is | show 🗑
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| show | method of least squares - Scatterplot method is subjective
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| The Starry Corporation developed a cost function for manufacturing overhead: Manufacturing overhead = $10,000 | show 🗑
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| Blurry Company shipped 10,000 units for $36,000 in April and 12,000 units for $40,000 in May. The estimated cost | show 🗑
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| show | The intercept parameter is $40. . The slope parameter is $2
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| show | The scatterplot method plots all the activity cost observations at various levels of activities. It will
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Created by:
buck56
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