Page 1 of 27
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ACCT526-850_010-201820
Started on Tuesday, 10 October 2017, 8:42 PM
State Finished
Completed on Tuesday, 10 October 2017, 10:42 PM
Time taken 2 hours
Grade 153.00 out of 180.00 (85%)
Question 1 Overhead costs are assigned to production using an overhead application rate,
Correct whereas no such application rate is used to assign the costs of direct materials
and direct labor to production. The reason for this difference in procedures is
Mark 3.00 out of
that:
3.00
Select one:
a. overhead is an indirect cost which cannot be traced easily and directly
to specific units of product
b. independent of both the number and the type of products manufactured
and also independent of the amount of overhead costs incurred
c. traceable directly to the products manufactured but independent of the
amount of overhead costs incurred
d. independent of the type and number of units manufactured but a casual
factor in the amount of overhead cost incurred
Your answer is correct.
The correct answer is: overhead is an indirect cost which cannot be traced easily and
directly to specific units of product
, Page 2 of 27
o
Question 2
An advantage of using regression analysis over the high-low and scattergraph
Correct methods is that
Mark 3.00 out of
3.00
Select one:
a. neither: regression analysis is less costly to implement than high-low
or scattergraph methods or is a more precise approach than the high-low
or scattergraph methods
b. regression analysis is less costly to implement than high-low or
scattergraph methods
c. regression analysis is a more precise approach than the high-low or
scattergraph methods
d. both: regression analysis is less costly to implement than high-low or
scattergraph methods and is a more precise approach than the high-low
or scattergraph methods
Your answer is correct.
The correct answer is: regression analysis is a more precise approach than the high-low or
scattergraph methods
Question 3 An example of a discretionary fixed cost is:
Correct
Select one:
Mark 3.00 out of
3.00 a. depreciation of buildings and equipment
b. insurance
c. management training
d. taxes on real estate
Your answer is correct.
The correct answer is: management training
, Comprehensive Final Exam Page 3 of 27
Question 4 Tucker, Inc collected the following production data for the past month:
Correct
Mark 3.00 out of
3.00
Units Produced Total Cost
1,600 $22,000
1,300 19,000
1,500 22,500
1,100 16,500
If the high-low method is used, what is the monthly total cost equation?
Select one:
a. Total cost = $5,500 + $10/unit
b. Total cost = $0 + $15/unit
c. Total cost = $4,400 + $11/unit
d. Total cost = $3,300 + $12/unit
Your answer is correct.
The correct answer is: Total cost = $4,400 + $11/unit
https://moodle.louisiana.edu/mod/quiz/review.php?attempt=741691 10/11/2017
o
ACCT526-850_010-201820
Started on Tuesday, 10 October 2017, 8:42 PM
State Finished
Completed on Tuesday, 10 October 2017, 10:42 PM
Time taken 2 hours
Grade 153.00 out of 180.00 (85%)
Question 1 Overhead costs are assigned to production using an overhead application rate,
Correct whereas no such application rate is used to assign the costs of direct materials
and direct labor to production. The reason for this difference in procedures is
Mark 3.00 out of
that:
3.00
Select one:
a. overhead is an indirect cost which cannot be traced easily and directly
to specific units of product
b. independent of both the number and the type of products manufactured
and also independent of the amount of overhead costs incurred
c. traceable directly to the products manufactured but independent of the
amount of overhead costs incurred
d. independent of the type and number of units manufactured but a casual
factor in the amount of overhead cost incurred
Your answer is correct.
The correct answer is: overhead is an indirect cost which cannot be traced easily and
directly to specific units of product
, Page 2 of 27
o
Question 2
An advantage of using regression analysis over the high-low and scattergraph
Correct methods is that
Mark 3.00 out of
3.00
Select one:
a. neither: regression analysis is less costly to implement than high-low
or scattergraph methods or is a more precise approach than the high-low
or scattergraph methods
b. regression analysis is less costly to implement than high-low or
scattergraph methods
c. regression analysis is a more precise approach than the high-low or
scattergraph methods
d. both: regression analysis is less costly to implement than high-low or
scattergraph methods and is a more precise approach than the high-low
or scattergraph methods
Your answer is correct.
The correct answer is: regression analysis is a more precise approach than the high-low or
scattergraph methods
Question 3 An example of a discretionary fixed cost is:
Correct
Select one:
Mark 3.00 out of
3.00 a. depreciation of buildings and equipment
b. insurance
c. management training
d. taxes on real estate
Your answer is correct.
The correct answer is: management training
, Comprehensive Final Exam Page 3 of 27
Question 4 Tucker, Inc collected the following production data for the past month:
Correct
Mark 3.00 out of
3.00
Units Produced Total Cost
1,600 $22,000
1,300 19,000
1,500 22,500
1,100 16,500
If the high-low method is used, what is the monthly total cost equation?
Select one:
a. Total cost = $5,500 + $10/unit
b. Total cost = $0 + $15/unit
c. Total cost = $4,400 + $11/unit
d. Total cost = $3,300 + $12/unit
Your answer is correct.
The correct answer is: Total cost = $4,400 + $11/unit
https://moodle.louisiana.edu/mod/quiz/review.php?attempt=741691 10/11/2017
