24) A disadvantage of engineering analysis which is used to estimate cost functions is ________.
A) it fails to produce a cost function
B) it is a costly process
C) it is not acceptable under Generally Accepted Accounting Principles
D) it cannot be used with mixed costs
25) In order to estimate cost functions using account analysis, users rely on the ________ for information about cost behavior.
A) management audit
B) performance report
C) value chain
D) accounting system
26) Account analysis ________.
A) is less expensive than engineering analysis
B) is more expensive than engineering analysis
C) cannot be used for mixed costs
D) does not require accounts from the accounting system
27) Engineering analysis and account analysis are similar because ________.
A) both provide timely results
B) both do not develop a cost function
C) both provide more objective results than the high-low method
D) both require the subjective judgment of the analyst
28) Account analysis and engineering analysis will remain the ________ methods of measuring cost behavior because the other methods ________.
A) unused; are more objective
B) unused; are more accurate
C) popular; require more past cost data
D) popular; are too difficult to work with
29) Which statement is TRUE regarding the high-low method to approximate a linear cost function?
A) The second step in the high-low method is to plot the historical data points on a graph.
B) Outliers should not be removed from the analysis.
C) Draw a line through all the data points using judgment to fit the line as close as possible to all the plotted points.
D) The point at which the line intersects the Y-axis is the estimate of fixed costs.
30) Presented below is the production data for the first six months of the year showing the mixed costs incurred by Eunice Company.
Month Cost Units
January$7,5004,000
February13,0007,500
March11,5009,000
April11,70011,500
May13,50012,000
June11,8506,000
Eunice Company uses the high-low method to analyze mixed costs. The variable cost per unit is ________.
A) $0.625
B) $0.75
C) $1.25
D) $1.31
31) The following data has been assembled for Mildred Company. Use the high-low method.
Month Cost Hours
January$18,0002,000
February$39,0003,500
March$39,2803,450
April$43,4003,200
May$40,0004,000
The variable cost per hour is ________.
A) $9.00
B) $10.00
C) $10.40
D) $11.00
32) Presented below is the production data for six months of the year showing the mixed costs incurred by Kennedy Company.
Month Cost Units
July$6,0004,000
August$10,2506,500
September$10,5008,000
October$12,70010,500
November$14,00012,000
December$10,8509,000
Kennedy Company uses the high-low method to analyze mixed costs. The total fixed cost is ________.
A) $2,000
B) $4,500
C) $10,417
D) $10,500
33) The following data has been assembled for Arnold Company. Use the high-low method.
Month Cost Hours
January$24,0002,000
February$39,0002,200
March$35,2802,750
April$36,4003,500
May$40,0004,000
The total fixed cost is ________.
A) $3,600
B) $8,000
C) $21,360
D) $26,672
GraduateWriterHelp.com is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. GraduateWriterHelp.com gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.
Services Offered by GraduateWriterHelp.com
GraduateWriterHelp.com offers a wealth of different services designed to make research projects easier for graduate school students. These include editing, proofreading, formatting and researching services, all tailored specifically for graduate-level studies such as PhDs or Master’s degrees in any field from business administration to engineering or even psychology – all with the aim of helping busy students find success in their academics without having to sacrifice other important commitments like family time or work hours towards earning a living wage outside of college hours.
The Benefits of Using GraduateWriterHelp.com
Using GraduateWriterHelp.com gives you access to experts from all over the world who are highly qualified and experienced in helping graduate-level students to complete successful projects in various fields quickly and efficiently – something that would otherwise be difficult, if not impossible, given tight deadlines associated with most Ph.D./Master’s degree programs today. Moreover, using this platform makes it easier for students to keep up with multiple research tasks simultaneously since there are so many different experts available on tap at any one time – no longer will you have to put off studying one topic while focusing on another because of lack of resources! Additionally, having access to professional editors, proofreaders, but also formatters means that quality control standards aren’t sacrificed when finishing major pieces – since these individuals understand what makes up good academic writing better than anyone else and can offer guidance on how best one should go about making improvements along those lines. Finally, there is also an added cost-saving benefit associated with utilizing Graduate Writer Help compared to hiring an independent contractor (which could potentially run into thousands depending on length/complexity).
This service allows users only pay for what students need, which tends to be much lower overall because customers pay per hour rather than project basis, thus resulting to greater financial flexibility, especially for those just starting out postgraduate studies looking to conserve some pennies here there whenever possible!
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more