Project #46405 - homework 9

Question 1 (1 point)

 

Thomas Train has collected the following information over the last six months.

Month

Units produced

Total costs

March

10,000

$25,600

April

12,000

26,200

May

18,000

28,400

June

13,000

26,450

July

12,000

26,000

August

15,000

26,500

Using the high-low method, what is the variable cost per unit?

Your Answer:

Question 2 (1 point)

 

Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:

 

January

February

March

April

May

June

July

Number of rooms cleaned

250

160

200

150

270

170

260

Cleaning cost

$6,450

$4,060

$5,100

$4,100

$6,760

$4,200

$6,530

How much are estimated monthly variable costs using the high-low method?

Your Answer:

Question 3 (1 point)

 

A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a

Question 3 options:

 

mixed cost

 

step cost

 

variable cost

 

fixed cost

Save

Question 4 (1 point)

 

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $189,300, how many dollars of revenue must the company generate in order to reach the break-even point?

Your Answer:

 

Question 5 (1 point)

 

Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price

$16.00 per book

Variable cost per unit:

 

Production

$4.00

Selling & administrative

2.00

Fixed costs:

 

Production

$97,400 per year

Selling & administrative

27,900 per year

How many units must be sold to break-even?

Your Answer:

Question 6 (1 point)

 

The use of fixed cost to increase profits at a rate faster than sales increase is called:

Question 6 options:

 

“What if “ analysis

 

C-V-P analysis

 

operating leverage

 

contribution margin approach

Question 7 (1 point)

 Question 7 Saved

Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $100, unit variable cost is $45, and the fixed costs per month are $5,000. The margin of safety is:

Your Answer:

Question 8 (1 point)

 Question 8 Saved

Which of the following statements about the relevant range is true?

Question 8 options:

 

Cost functions outside the relevant range are usually linear

 

The relevant range is the normal length of time in a company’s accounting period

 

Estimates outside the relevant range are useful

 

Cost functions within the relevant range are assumed to be linear

 

Bottom of Form

 

 

Subject Mathematics
Due By (Pacific Time) 11/08/2014 12:00 am
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy