In the cost equation TC+F+VX, V is best described as:
A costs that do not vary with changes in the activity level.
B intercept of the cost equation
C slope of the cost equation
D activity level used to estimate the dependent variable
Answer: C
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Cost Accounting
- Which of the following accounts is used to accumulate the actual MOH costs incurred during a period?
- Which of the following documents is used as the basis for posting to the DL section of the job cost sheet?
- Which of the following documents is used as a basis for posting to the DM section of the job cost sheet?
- Which of the following companies would most likely use job costing?
- Which of the following is not a characteristic of job costing?
- For which of the following businesses would the job order cost system be appropriate?
- Cost pools are:
- In a labor intensive company in which more OH is used by more highly skilled and paid ees, which activity base would be most appropriate for applying OH to production?
- When a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the most appropriate basis of applying OH costs to WIP?
- The basic cost flow model is:
- The Cost Flow Diagram includes all of the following except:
- Which of the following statements are false regarding cost allocations and product costing?
- Which of the following statements is (are) true regarding product costing?
- In the standard regression equation of y=a+bx, the letter y is best described at the:
- Which of the following is NOT a data problem an analyst must watch for when estimating cost behavior?
- Which of the following is the difference between variable costs and fixed costs?
- In determining cost behavior in business, the cost function is often expressed as Y= a+bX. Which on the the following cost estimate methods should NOT be used in estimating fixed and variable costs for the equation?
- In the standard regression equation of y=a+bx, the letter a is best described as the:
- A disadvantage of the high-low method of cost analysis is that it:
- Which of the following cost estimation methods finds the variable portion of a mixed cost before calculating the fixed portion?
- In the cost equation TC=F+VX, X is best described as the:
- A manager is trying to estimate the manufacturing costs of a new product. The company makes several other products that utilize some of the same manufacturing procedures as the new product. Which cost estimate method would be the best method to determine the total cost of manufacturing the new product?
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