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ACCT 349 Week 3 Quiz Latest

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ACCT 349 Week 3 Quiz Latest

ACCT 349 Week 3 Quiz Latest

ACCT349

ACCT 349 Week 3 Quiz Latest

Question 1. (TCO 1)

Troy Company derived the following costs relationship from a regression analysis of its monthly manufacturing overhead cost.

Y = $80,000 + $12X where: Y = monthly manufacturing overhead cost and X = machine hours.

The standard time required to manufacture one 6-unit case of Troy’s single product is 4 machine hours. Troy applies manufacturing overhead to production on the basis of machine-hours, and its normal annual production is 50,000 cases.

Troy’s estimated variable manufacturing overhead cost for a month in which scheduled production is 10,000 cases would be

$80,000.

$480,000.

$160,000.

$320,000.

Question 2. (TCO 1)

Which of the following is not a common problem encountered in collecting data for cost estimation?

Lack of observing extreme values

Missing data

Changes in technology

Distortions resulting from inflation

Question 3. (TCO 3)

Major influences of competitors, costs, and customers on pricing decisions are factors of

supply and demand.

activity-based costing and activity-based management.

key management themes that are important to managers attaining success in their planning and control decisions.

the value-chain concept.

Question 4. (TCO 3)

Burbank Company manufactures a product that has a variable cost of $25 per unit. Fixed costs total $1,000,000, allocated on the basis of the number of units produced. Selling price is computed by adding a 25% markup to full cost. How much should the selling price be per unit for 200,000 units?

$31.25

$42.00

$37.50

$30.00

Question 5. (TCO 3)

Price discrimination is

always illegal.

a type of peak-load pricing.

not regulated in the United States.

the practice of charging different prices to different customers for the same product or service.