bus 215 assignments || Questions with 100% correct answers.
3 views 0 purchase
Course
Bus 215
Institution
Bus 215
Cost behavior refers to:
Select one:
A. Whether a particular expense has been ethically incurred.
B. Whether a cost is incurred in a manufacturing, merchandising, or service company.
C. How costs react to a change in the level of activity. Correct
D. Classifying costs as either inventoriable...
bus 215 assignments || Questions with 100% correct
answers.
Cost behavior refers to:
Select one:
A. Whether a particular expense has been ethically incurred.
B. Whether a cost is incurred in a manufacturing, merchandising, or service company.
C. How costs react to a change in the level of activity. Correct
D. Classifying costs as either inventoriable or period costs. correct answers D.
Which of the following is an example of a cost that is variable with respect to the number of
units produced?
Select one:
A. Salaries of top marketing executives.
B. Rent on the factory building.
C. Rent on the administrative office building.
D. Direct labor cost, where the direct labor workforce is adjusted to the actual production of
the period. correct answers D.
If the level of activity increases within the relevant range:
Select one:
A. variable cost per unit and total cost also increase.
B. total cost will increase and fixed cost per unit will decrease.
C. fixed cost per unit and total variable cost also increase.
D. variable cost per unit and total fixed costs also increase. correct answers B
A mixed cost is:
Select one:
A. Never an inventoriable cost.
B. Always a direct cost.
C. A cost with fixed and variable elements.
D. Always an indirect cost. correct answers c
Which of the following is most often (or most likely to be) a mixed cost?
Select one:
A. Monthly electric bill.
B. Manager's salary.
C. Direct materials.
D. Monthly rent payment. correct answers a
At a volume of 8,000 units, Pwerson Company incurred $32,000 in factory overhead costs,
including $12,000 in fixed costs. If volume increases to 9,000 units and both 8,000 units and
9,000 units are within the same relevant range of activity, then the company would expect to
incur total factory overhead costs of:
, Select one:
A. $32,000
B. $22,500
C. $20,000
D. $34,500 correct answers d
Farmington Corporation has provided the following production and total cost data for two
levels of monthly production volume. The company produces a single product.
Production volume.................
6,000 units
7,000 units
Direct materials......................
$195,000
$227,500
Direct labor............................
$113,400
$132,300
Manufacturing overhead.........
$913,200
$931,700
The best estimate of the TOTAL cost to manufacture 6,300 units is closest to:
Select one:
A. $1,242,570
B. $1,162,350
C. $1,282,680
D. $1,222,515 correct answers a
Maintenance costs at a Whetsel Corporation factory are listed below:
Machine-Hours
Maintenance Cost
March..............
3,135
$48,340
April................
3,095
$47,993
May................
3,133
$48,645
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ProPerfomer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
