Acct 526 final - Study guides, Class notes & Summaries

changes when the level of output changes cost driver - ANSWERSis a casual factor that measures the output of the activity that leads (or causes) costs to change relevant range - ANSWERSis the range of output over which the assumed cost relationship is valid for the normal operations of a firm fixed costs - ANSWERSare costs that in total are constant within the relevant range as the next level of output increases or decreases discretionary fixed costs - ANSWERSare fixed costs that can...

Cost Driver a causal factor that measures the output of the activity that leads (or causes) costs to change Relevant Range the range of output over which the assumed cost relationship is valid for the normal operations of a firm Discretionary Fixed Costs fixed costs that can be changed or avoided relatively easily in the short run at management discretion Committed Fixed Costs fixed costs that cannot be easily changed Total Variable Cost Variable Rate x Units of Output Discretionary Variabl...

Final Examination for ACCT 526 at the University of Louisiana, Lafayette...Detailed work, solutions, memos, notes, and explanations

ACCT-526: Final Questions With Complete Solutions

ACCT 526 Final Exam Complete (2024 / 2025) (Verified Update)

University of Louisiana, Lafayette - ACCT 526 Final Exam. Verified Document. Question 1 Correct Mark 3.00 out of 3.00 Started on Tuesday, 10 October 2017, 8:42 PM State Finished Completed on Tuesday, 10 October 2017, 10:42 PM Time taken 2 hours Grade 153.00 out of 180.00 (85%) Overhead costs are assigned to production using an overhead application rate, whereas no such application rate is used to assign the costs of direct materials and direct labor to production. The reason for thi...

Overhead costs are assigned to production using an overhead application rate, whereas no such application rate is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that: Select one: a. overhead is an indirect cost which cannot be traced easily and directly to specific units of product>ANS b. independent of both the number and the type of products manufactured and also independent of the amount of overhead costs...

cost behavior - ANSWERSthe general term for describing whether and how a cost changes when the level of output changes cost driver - ANSWERSis a casual factor that measures the output of the activity that leads (or causes) costs to change relevant range - ANSWERSis the range of output over which the assumed cost relationship is valid for the normal operations of a firm fixed costs - ANSWERSare costs that in total are constant within the relevant range as the next level of output increas...

ACCT 526 FINAL Questions & Answers 100% Overhead costs are assigned to production using an overhead application rate, whereas no such application rate is used to assign the costs of direct materials and direct labor to production. the reason for this difference in procedures is that: - ANSWERSoverhead is an indirect cost which cannot be traced easily and directly to specific units of a product an advantage of using regression analysis over the high low and scattergraph methods is that - ANSWE...

University of Louisiana, Lafayette - ACCT 526 Final Exam.Detailed working, solutions, memo, notes & explanations.Units to Earn Target Income: Head-First Company plans to sell 4,400 bicycle helmets at $70 each in the coming year. Unit variable cost is $45 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals $50,300 (includes fixed factory overhead and fixed selling and administrative expense). 1. Calculate the number of hel...