EBTM 350 - CHAPTER 11 SELF-TEST EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
LATEST UPDATE
The accompanying spreadsheet shows the production model for the Blue Sunset
Band recording a new album. Which of the following formulas is used to calculate
the total studio recording cost?
A. =SUM(B6:B12) - B10
B. =B6 + B7*B12 - B16
C. =(B6 + B7 - B16)B12
D. =B6 + B7*B12
D. =B6 + B7*B12
(Fixed + Unit*Volume)
The accompanying spreadsheet shows the production model for the Blue Sunset
Band recording a new album. Which of the following formulas is used to calculate
the total in-house recording cost?
A. =B6 +B10*B12
B. =B10*B12 - B17
, C. =B10*B12
D. =SUM(B6:B12) - B7
C. =B10*B12
(Unit Cost*Volume)
The total cost of reaching consumers (C) depends upon the number of
consumers (N), advertising costs (A), and transportation costs (T). The linear cost
prediction model is represented as
C = c - nN + aA + tT, where c, n, a, and t are constants and c estimates the total
cost when the remaining variables are zero. Which of the following interpretations
is true about this model?
A. Change in variables N, A, and T will not reflect any changes in c.
B. Change in variables N, A, and T will cause n, a, and t to change.
C. When variables N, A, and T are zero, C = c - n + a + t.
D. As n decreases, c will increase.
A. Change in variables N, A, and T will not reflect any changes in c.
c is a constant and is unaffected by the variables
Let TC be the total cost of manufacturing, let V be the unit variable cost, let F be
the fixed cost, and let Q be the quantity produced. Which of the following is the
mathematical model for deriving the total cost of manufacturing?
AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
LATEST UPDATE
The accompanying spreadsheet shows the production model for the Blue Sunset
Band recording a new album. Which of the following formulas is used to calculate
the total studio recording cost?
A. =SUM(B6:B12) - B10
B. =B6 + B7*B12 - B16
C. =(B6 + B7 - B16)B12
D. =B6 + B7*B12
D. =B6 + B7*B12
(Fixed + Unit*Volume)
The accompanying spreadsheet shows the production model for the Blue Sunset
Band recording a new album. Which of the following formulas is used to calculate
the total in-house recording cost?
A. =B6 +B10*B12
B. =B10*B12 - B17
, C. =B10*B12
D. =SUM(B6:B12) - B7
C. =B10*B12
(Unit Cost*Volume)
The total cost of reaching consumers (C) depends upon the number of
consumers (N), advertising costs (A), and transportation costs (T). The linear cost
prediction model is represented as
C = c - nN + aA + tT, where c, n, a, and t are constants and c estimates the total
cost when the remaining variables are zero. Which of the following interpretations
is true about this model?
A. Change in variables N, A, and T will not reflect any changes in c.
B. Change in variables N, A, and T will cause n, a, and t to change.
C. When variables N, A, and T are zero, C = c - n + a + t.
D. As n decreases, c will increase.
A. Change in variables N, A, and T will not reflect any changes in c.
c is a constant and is unaffected by the variables
Let TC be the total cost of manufacturing, let V be the unit variable cost, let F be
the fixed cost, and let Q be the quantity produced. Which of the following is the
mathematical model for deriving the total cost of manufacturing?
