ACCT434 Week 3 Quiz: Cost Behavior, Decision Making, and Constraints in Managerial Accounting

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ACCT434 Week 3 Quiz: Cost Behavior, Decision Making, and Constraints in Managerial Accounting Devry ACCT434 Week 3 quiz 1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? (Points : 3) Fixed cost within relevant range Variable Mixed Variable cost within relevant range 2. (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? (Points : 3) y = 1.80 + 400X y = 400 + 1.80X y = 2.20 + 1,000X y = 1.00 + 400X 3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? (Points : 3) Quantitative analysis Industrial engineering Account analysis Confere nce 4. (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20X2 operations. Sales (2,000 televisions) $900,000; Cost of goods sold $400,000; Store manager's salary per year $70,000; Operating costs per year $157,000; Advertising and promotion per year $15,000; Commissions (4% of sales) $36,000. What was the variable cost per unit sold for 20X2? (Points : 3) $200 $339 $218 $18
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