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ACG 2071 Exam 3 Most Recent Exam 2026 Actual
Complete Real Verified Exam Questions and Correct
Answers (Verified Answers) Already Graded
A+||Newest Exam!!!
T-mobile has a special plan offer this month. There is a
$3.00 per month charge each month and calls anywhere
in the United States are $0.04 per minute. What would the
month cost be if you typically talk for 450 minutes per
month> - Answer-$21.00
Using account analysis, what type of cost is the rental of a
space at $10,000 per month? - Answer-fixed
Using account analysis what type of cost are utilities if you
are charged $45 for the first 400 kilowatt hours, $100 for
401-600 kilowatt hours, and $165 + or - for 601-900
kilowatt hours? - Answer-step
A company is analyzing its mixed costs. During July, its
busiest month, a company had total labor hours of 14,000
and total costs of $40,000. During February, its slowest
month, the company had labor hours of 8,000 and total
costs of $25,000. The company is planning for 12,000
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direct labor hours next April. How many dollars should the
company budget for fixed costs during April? - Answer-
$5,000
A zero-based budget is a budget that is continuously
updated so that the next 12 months of operations are
always budgeted. - Answer-False
The budgeted cash collections from credit customers
generally only reflects sales made in the current month. -
Answer-False
Budgets provide benchmarks that help managers evaluate
performance. - Answer-True
The sales budget should be prepared before any other
component of the operating budget. - Answer-True
Merchandising companies prepare a direct materials
budget. - Answer-False
A plan that shows the units to be sold and the projected
selling price and is also the starting point in the budgeting
process, is called the: - Answer-Sales Budget
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The budget committee: - Answer-usually is made up of
managers from all areas of the value chain
Strategic planning involves: - Answer-setting long-term
goals that extend 5-10 years into the future
Which of the following is true? - Answer-fixed cost per unit
decreases when volume increases.
variable costs are described by which of the following
statements? - Answer-they are fixed per unit and vary in
total
total fixed costs for Copa De Vino are $240,000. Total
costs, including both fixed and variable, are $500,000 if
125,000 units are produced. The variable cost per unit is -
Answer-$2.08/unit
In the equation y= $7.20x + $790, "y" represents - Answer-
total costs
In the equation y= $7.20x + 4790, "x" represents - Answer-
number of units produced
ACG 2071 Exam 3 Most Recent Exam 2026 Actual
Complete Real Verified Exam Questions and Correct
Answers (Verified Answers) Already Graded
A+||Newest Exam!!!
T-mobile has a special plan offer this month. There is a
$3.00 per month charge each month and calls anywhere
in the United States are $0.04 per minute. What would the
month cost be if you typically talk for 450 minutes per
month> - Answer-$21.00
Using account analysis, what type of cost is the rental of a
space at $10,000 per month? - Answer-fixed
Using account analysis what type of cost are utilities if you
are charged $45 for the first 400 kilowatt hours, $100 for
401-600 kilowatt hours, and $165 + or - for 601-900
kilowatt hours? - Answer-step
A company is analyzing its mixed costs. During July, its
busiest month, a company had total labor hours of 14,000
and total costs of $40,000. During February, its slowest
month, the company had labor hours of 8,000 and total
costs of $25,000. The company is planning for 12,000
,2|Page
direct labor hours next April. How many dollars should the
company budget for fixed costs during April? - Answer-
$5,000
A zero-based budget is a budget that is continuously
updated so that the next 12 months of operations are
always budgeted. - Answer-False
The budgeted cash collections from credit customers
generally only reflects sales made in the current month. -
Answer-False
Budgets provide benchmarks that help managers evaluate
performance. - Answer-True
The sales budget should be prepared before any other
component of the operating budget. - Answer-True
Merchandising companies prepare a direct materials
budget. - Answer-False
A plan that shows the units to be sold and the projected
selling price and is also the starting point in the budgeting
process, is called the: - Answer-Sales Budget
, 3|Page
The budget committee: - Answer-usually is made up of
managers from all areas of the value chain
Strategic planning involves: - Answer-setting long-term
goals that extend 5-10 years into the future
Which of the following is true? - Answer-fixed cost per unit
decreases when volume increases.
variable costs are described by which of the following
statements? - Answer-they are fixed per unit and vary in
total
total fixed costs for Copa De Vino are $240,000. Total
costs, including both fixed and variable, are $500,000 if
125,000 units are produced. The variable cost per unit is -
Answer-$2.08/unit
In the equation y= $7.20x + $790, "y" represents - Answer-
total costs
In the equation y= $7.20x + 4790, "x" represents - Answer-
number of units produced
