Week 2 Quiz – ...

# Week 2 Quiz – ... - Review Test Submission Week 2 Quiz My...

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3/3/16, 9 : 00 PM Review Test Submission: Week 2 Quiz – ... Page 1 of 8 MA Week 2 Review Test Submission: Week 2 Quiz H Review Test Submission: Week 2 Quiz User Jason Watts Course MANAGERIAL ACCOUNTING SPRING-CMP 2016 VC01 Test Week 2 Quiz Started 3/3/16 8:24 PM Submitted 3/3/16 8:59 PM Status Completed Attempt Score 68 out of 100 points Time Elapsed 35 minutes out of 1 hour and 40 minutes Results Displayed Submitted Answers Question 1 Figure 3-6. Taran Company incurred the following costs for the months of January and February. Type of Cost January February Insurance \$ 5,000 \$ 5,000 Utilities 4,000 5,000 Depreciation 3,500 3,500 Materials 10,000 20,000 Refer to Figure 3-6. From the information above we can assume that Selected Answer: insurance and depreciation are fixed costs. Question 2 Figure 3-10. The following cost formula was developed using the monthly data for an accounting firm. Total cost = \$87,100 + (\$210 ´ number of tax returns) Refer to Figure 3-10. The term "total cost" My WBU Courses Community Content Collection Services 4 out of 4 points 0 out of 4 points Jason Watts

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3/3/16, 9 : 00 PM Review Test Submission: Week 2 Quiz – ... Page 2 of 8 Selected Answer: is the intercept. Question 3 Figure 3-13. The following six months of data were collected on electricity cost and the number of machine hours in a factory. Electricity Machine Month cost hours June \$25,160 4,500 July 26,170 4,810 August 27,250 5,120 September 26,680 5,010 October 27,950 5,430 November 27,500 5,190 Refer to Figure 3-13. Select the correct set of high and low months. High Low Selected Answer: October June Question 4 Figure 3-5. Maxwell Company makes treadmills. The company controller wants to calculate the fixed and variable costs associated with the janitorial costs incurred in the factory. Data for the past four months were collected. Janitorial Machine Month costs hours September \$11,000 575 October 11,400 610 November 10,200 510 December 10,725 550 Refer to Figure 3-5. What would Maxwell Company's estimate of total janitorial cost be at a level of 600 machine hours?
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