1. Which of the following would be an example of fixed cost? 2. A mixed cost is?
ID: 2385095 • Letter: 1
Question
1.
Which of the following would be an example of fixed cost?
2.
A mixed cost is?
3.
When a mixed cost is graphed the slope of the line equals?
4.
The scatter graph method:
5.
The relevant range:
6.
Which of the following would probably be a discretionary fixed cost for a law firm?
7.Lassiter toys Inc.
Cost of Materials
No. of Toys Produced Total cost of Materials
100,000 20,000
200,000 40,000
300,000 60,000
The cost behavior of materials cost is:
8.Lassiter toys Inc. Cost of Materials
No. of Toys Produced Total cost of Materials
100,000 20,000
200,000 40,000
300,000 60,000
What should the total materials cost be at a production level of 220,000 toys?
9.
Lassiter toys Inc. Cost of Materials
No. of Toys Produced Total cost of Materials
100,000 20,000
200,000 40,000
300,000 60,000
What is the materials cost per unit of output?
10. Okafor Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected.
Month Lease Cost Machine Hours
April 21,000 550
May 16,500 420
June 19,000 510
July 22,230 570
Using the high-low method calculate the variable rate for the lease cost:
Explanation / Answer
1. 5 2 1 3.4 4. 3 5.4 6. 2 7.3 8. 2 9 1 10.1
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