FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 3: Cost Behaviour

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 91

Multiple Choice

Review LaterAdd Note

Review Later

Match each following terms with their correct description from the items listed below. -Total cost = fixed cost + variable cost

A) Variable cost
B) Fixed cost
C) Mixed cost
D) Step cost

Correct Answer

verified

Show Answer

Question 92

Multiple Choice

Review LaterAdd Note

Review Later

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all. -Internet advertising

A) Discretionary fixed cost
B) Committed fixed cost

Correct Answer

verified

Show Answer

Question 93

Multiple Choice

Review LaterAdd Note

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all. -Real estate taxes

When the level of activity increases within the relevant range, what is the effect on the fixed cost per unit?

Match each following terms with their correct description from the items listed below. -May involve a long-term contract

Refer to Banff Company. What would be the estimate of Banff Company's total lease cost at a level of 500 machine hours?

Match each following terms with their correct description from the items listed below. -Must be purchased in chunks

Match each following terms with their correct description from the items listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all. -May reveal the presence of outliers

Refer to St. John's Company. Assume that output was 5,000 units in March and 10,000 units in April, utility cost is a mixed cost, and the fixed cost of utilities was $3,000. What was the variable rate per unit of output for utilities cost?

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all. -Factory supplies

Match each following terms with their correct description from the items listed below. -Remains constant on a per-unit basis within the relevant range

Match each following terms with their correct description from the items listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all. -Allows a cost analyst to inspect the data visually

Match each following terms with their correct description from the items listed below. -A description of how a cost changes when the level of output changes

Refer to Montreal Clothing Store. What does $75,620 represent?

Using the least squares (regression) method, the term X Variable 1 refers to the dependent variable.

Using the least squares (regression) method, the value of X Variable 2 equals the slope of the line.

Refer to Banff Company. What is the variable rate for the lease cost when using the high-low method?

Suppose that at a given volume, total costs and fixed costs are known. How are the variable costs per unit calculated?

Which statement best describes the high-low method?

Match each following terms with their correct description from the items listed below. -Will increase in total in direct proportion to an increase in the cost driver