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Manal Elkhoshkhany
Manal Elkhoshkhany, Tutor
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Experience:  More than 5000 online tutoring sessions.
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1. A production supervisors salary that does not vary with

Resolved Question:

1.
A production supervisor's salary that does not vary with the number of units produced is an example of a fixed cost.
(Points: 5)
       True
       False


2.
Total fixed costs change as the level of activity changes.
(Points: 5)
       True
       False


3.
Variable costs are costs that remain constant on a per-unit basis as the level of activity changes.
(Points: 5)
       True
       False


4.
Direct materials and direct labor costs are examples of variable costs of production.
(Points: 5)
       True
       False


5.
For purposes of analysis, mixed costs can generally be separated into their variable and fixed components.
(Points: 5)
       True
       False


6.
If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold.
(Points: 5)
       True
       False


7.
If direct materials cost per unit increases, the break-even point will increase.
(Points: 5)
       True
       False


8.
If a business sells two products, it is not possible to estimate the break-even point.
(Points: 5)
       True
       False


9.
Cost behavior refers to the manner in which:
(Points: 5)
       a cost changes as the related activity changes
       a cost is allocated to products
       a cost is used in setting selling prices
       a cost is estimated


10.
Which of the following is NOT an example of a cost that varies in total as the number of units produced changes?
(Points: 5)
       Electricity per KWH to operate factory equipment
       Direct materials cost
       Insurance premiums on factory building
       Wages of assembly worker


11.
A cost that has characteristics of both a variable cost and a fixed cost is called a:
(Points: 5)
       variable/fixed cost
       mixed cost
       discretionary cost
       sunk cost


12.
Given the following cost and activity observations for Wondrous Company’s utilities, use the high-low method to calculate Wondrous’ variable utilities costs per machine hour.
     
Cost
     
Machine Hours
March      
$3,100
           
15,000
     
April      
2,700
           
10,000
     
May      
2,900
           
12,000
     
June      
3,500
           
18,000
     
                    
(Points: 5)
       $10.00
       $.67
       $.63
       $.10


13.
As production increases, what would you expect to happen to fixed cost per unit?
(Points: 5)
       Increase
       Decrease
       Remain the same
       Either increase or decrease, depending on the variable costs


14.
Contribution margin is:
(Points: 5)
       the excess of sales revenue over variable cost
       another term for volume in the "cost-volume-profit" analysis
       profit
       the same as sales revenue


15.
If sales are $820,000, variable costs are 62% of sales, and operating income is $260,000, what is the contribution margin ratio?
(Points: 5)
       53.1%
       38%
       62%
       32%


16.
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
(Points: 5)
       $10,000 increase
       $10,000 decrease
       $30,000 decrease
       $30,000 increase


17.
If sales are $820,000, variable costs are $524,800, and operating income is $260,000, what is the contribution margin ratio?
(Points: 5)
       53.1%
       33%
       64%
       36%


18.
If fixed costs are $39,600, the unit selling price is $42, and the variable costs are $24, what is the break-even sales (units)?
(Points: 5)
       2,500
       943
       1,650
       2,200


19.
Shipley Co. sells two products, Orks and Zins. Last year Shipley sold 14,000 units of Orks and 21,000 units of Zins. Related data are:


Product      
Unit Selling
Price
     
Unit Variable
Cost
     
Unit Contribution
Margin
Orks      
$120
     
$80
     
$40
Zins      
    80
     
60
     
20
               


What was Shipley’s Co.’s overall unit contribution margin?
(Points: 5)
       $20
       $40
       $28
       $24


20.
If sales are $400,000, variable costs are 75% of sales, and operating income is $50,000, what is the operating leverage?
(Points: 5)
       2.500
       7.500
       2.000
       0
Submitted: 5 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 5 years ago.

Hello nacho

 

when is the deadline for these please?

 

Regards,

Customer: replied 5 years ago.
3pm pacific time
Customer: replied 5 years ago.
so are u going to work on it
Expert:  Manal Elkhoshkhany replied 5 years ago.
yes I am working on it now
Expert:  Manal Elkhoshkhany replied 5 years ago.
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Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9440
Experience: More than 5000 online tutoring sessions.
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