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MSIS 3223 Final Exam Review OKSTATE Questions & Answers 100% Accurate!!
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Variable cost = - ANSWERUnit Variable Cost * Quantity Produced (Descriptive Model) Total Cost = - ANSWERFixed Cost + Variable Cost * Quantity Produced Also written as FC + VC * QP = TC (Descriptive Model) Logic suggests that variable cost is the unit variable cost times the quantity of item...

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  • November 2, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • msis 3223 final exam review okstate questions an
  • msis 3223 final stuvia 2024
  • variable cost answerunit variable cost quan
  • total cost answerfixed cost variable cost

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MSIS 3223 Final Exam Review
OKSTATE Questions & Answers 100%
Accurate!!

Variable cost = - ANSWERUnit Variable Cost * Quantity Produced (Descriptive Model)



Total Cost = - ANSWERFixed Cost + Variable Cost * Quantity Produced

Also written as FC + VC * QP = TC

(Descriptive Model)



Logic suggests that variable cost is the unit variable cost times the quantity of item produced. -
ANSWERTrue



__________ has an influence on profit by predicting how many units of a product will be sold. -
ANSWERDemand



______________produced is a decision option typically based on demand. - ANSWERQuantity



The spreadsheet model for ________ is revenue - variable cost - fixed cost. - ANSWERProfit



Profit = Revenue - Variable Cost - Fixed Cost



___________ ____________ allow you to easily evaluate what-if questions by changing input values
and recalculating model outputs - ANSWERSpreadsheet Models



Systematic approaches to what-if analysis that are available in Excel make the process easier and
more useful. - ANSWERTrue



(Data tables-Scenario Manager-Goal Seek)

, Multiple outputs may be evaluated using _______________. For example, profit and revenue. -
ANSWERone way data tables



_____________can evaluate only one output variable. To evaluate multiple output variables, you
must construct ___________________. - ANSWERTwo-way tables; multiple two-way tables



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -
ANSWER- Identify the formula to calculate net income based on the data values shown on the
spreadsheet?

(earnings before taxes - taxes)



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -
ANSWER- Identify the formula which would be used to calculate the gross profit using only the data
values in the spreadsheet? (sales - cost of goods sold)



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -
ANSWER- Identify the formula which would be used to calculate the operating expenses using only
the data values in the spreadsheet?

(sum of administrative, selling, and depreciation expenses)



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -
ANSWER- Identify the formula which would be used to calculate the net operating income using only
the model values in the spreadsheet?

(gross profit - operating expenses)



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -
ANSWER- Identify the formula which would be used to calculate earnings before taxes using both the
data and model values in the spreadsheet?

(net operating income - interest expense)



You will have a spreadsheet with a net income model similar to the one on p.385 Figure 11.5. Based
on this spreadsheet, there will be six multiple choice questions. (KNOW HOW TO ANSWER) -

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