Recent Question

The cost of the personnel department at the Binix Company The cost of the personnel department at the Binix Company has always been charged to the production departments based upon number of employees. Recently, opinions gathered from the department managers indicated that the number of new hires might also be a predictor of personnel costs to be assigned. Total personnel department costs are $180,000. Department Department Departmen ...

Other / Other 30 Mar 2016

Write a linear cost function equation Write a linear cost function equation for each of the following conditions. Use y for estimated costs and X for activity of the cost driver. a. Direct manufacturing labor is $10 per hour. b. Direct materials cost $15.60 per cubic yard. c. Utilities have a minimum charge of $5,000, plus a charge of $0.30 per kilowatt-hour. d. Machine operating costs include $300,000 of machine depreciation per year ...

Other / Other 30 Mar 2016

How many separate cost pools should be formed 1) The cost to be predicted is referred to as the ________. A) independent variable B) dependent variable C) cost driver D) regression 2) In the estimation of a cost function using quantitative analysis, the independent variable ________. A) is the cost to be predicted B) is the product of fixed costs and slope coefficient C) is the factor used to predict the dependent variable ...

Other / Other 30 Mar 2016

Managers should use past data to create a cost function 1) A linear cost function can only represent fixed cost behavior. 2) In a graphical display of a cost function, the steepness of a line represents the total amount of fixed costs. 3) It can be inferred that when there is a high correlation between two variables, one is the cause of the other. 4) An example of a physical cause-and-effect relationship is when addition ...

Other / Other 30 Mar 2016

Coolant usage costs for each day the machinery is in operation Write a linear cost function equation for each of the following conditions. Use y for estimated costs and X for activity of the cost driver. a. Direct materials cost is $1.70 per pound b. Total cost is fixed at $8,000 per month regardless of the number of units produced. c. Auto rental has a fixed fee of $80.00 per day plus $2.00 per mile driven. d. Machine operating cost ...

Other / Other 30 Mar 2016

Flify Manufacturing Inc., incurred total indirect manufacturing labor costs Answer the following questions using the information below: Flify Manufacturing Inc., incurred total indirect manufacturing labor costs of $500,000. The company is labor intensive. Total labor hours during the period were 5,000. Using qualitative analysis, the manager and the management accountant determine that over the period the indirect manufacturing labor c ...

Other / Other 30 Mar 2016

A particular cost item could be variable for one cost object 1) Outside of the relevant range, variable and fixed cost-behavior patterns remain constant. 2) A particular cost item could be variable for one cost object and fixed for another cost object. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 30 Mar 2016

Which cost estimation method may use time-and-motion 1) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? A) the cash accounting method B) the conference method C) the accrual accounting method D) the quantitative analysis method 2) Which cost estimation method may use time-and-motion studies to analyze the relationship between inputs and outputs in physical terms? A) ...

Other / Other 30 Mar 2016

Which cost estimation method is being used by Verill Company Answer the following questions using the information below: At the Verill Company, the cost of the library and information center has always been charged to the various departments based upon number of employees. Recently, opinions gathered from the department managers indicate that the number of engineers within a department might be a better predictor of library and informa ...

Other / Other 30 Mar 2016

Munir Hassan, controller, gathered data on overhead costs Munir Hassan, controller, gathered data on overhead costs and direct labor-hours over the past 12 months. List and discuss the different approaches Munir can use to estimate a cost function for overhead costs using direct labor-hours as the cost driver. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Cou ...

Other / Other 30 Mar 2016