QuickHelper

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About QuickHelper

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Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 355 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 04 Jun 2017 My Price 14.00

Thomas Train has collected the following information over the last six months.

Question description

 

 

 

QUESTION 1 (1 POINT)

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Thomas Train has collected the following information over the last six months.

Month Units produced Total costs
March 10,000 $25,600
April 12,000 26,200
May 20,000 27,600
June 13,000 26,450
July 12,000 26,000
August 15,000 26,500

Using the high-low method, what is the variable cost per unit?

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QUESTION 2 (1 POINT)

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Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:

January February March April May June July
Number of rooms cleaned 250 160 200 150 270 170 260
Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,640 $4,200 $6,530

How much are estimated monthly variable costs using the high-low method?

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QUESTION 3 (1 POINT)

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A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a

Question 3 options:

 

 

mixed cost

 
 

 

step cost

 
 

 

variable cost

 
 

 

fixed cost

 

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QUESTION 4 (1 POINT)

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Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $192,800, how many dollars of revenue must the company generate in order to reach the break-even point?

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QUESTION 5 (1 POINT)

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Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price $16.00 per book
Variable cost per unit:
Production $4.00
Selling & administrative 2.00
Fixed costs:
Production $97,600 per year
Selling & administrative 19,200 per year

How many units must be sold to break-even?

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QUESTION 6 (1 POINT)

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The use of fixed cost to increase profits at a rate faster than sales increase is called:

Question 6 options:

 

 

“What if “ analysis

 
 

 

C-V-P analysis

 
 

 

operating leverage

 
 

 

contribution margin approach

 

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QUESTION 7 (1 POINT)

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Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $45, and the fixed costs per month are $5,000. The margin of safety is:

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QUESTION 8 (1 POINT)

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Which of the following statements about the relevant range is true?

Question 8 options:

 

 

Cost functions outside the relevant range are usually linear

 
 

 

The relevant range is the normal length of time in a company’s accounting period

 
 

 

Estimates outside the relevant range are useful

 
 

 

Cost functions within the relevant range are assumed to be linear

 

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Answers

QuickHelper
(10)
Status NEW Posted 04 Jun 2017 07:06 PM My Price 14.00

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