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PractExam2Bus21

# PractExam2Bus21 - Managerial Accounting Practice Exam 2...

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Managerial Accounting Practice Exam 2 Chapters 41516 1. Which costs will change with an increase in activity within the relevant range? A. Unit fixed cost and total fixed cost B. Unit variable cost and total variable cost @Unit fixed cost and to'ral variable cost D. Unit fixed cost and unit variable cost 2. With respect to a fixed cost, an increase in the activity level within the relevant range results in: A. an increase in fixed cost per unit. B. a proportionate increase in total fixed costs. C. an unchanged fixed cost per unit. @ decreasJin fixed cost per unit. 3. In the stan<iard cost formuia Y : a * bX, what cioes the "Y" represent? @total cost B. total fixed cost C. total variable cost D. variable cost per unit 4. The least-squares regression method: @fits a regression line by minimizing the sum of the squared errors from the regression line. B. is generally less accurate than the scattergraph method. l. can be used only if the fixed cost element is larger than the variable cost element. D. is tire orriy trrciitud aur:eptzrbie urrcicr gcrreraiiy aucepivti ausuuriirrg prirrcipiys. 5. Edde Corporation has provided the following production and total cost data for two levels of monthly . Thecompanyproducesasingleproduct. N,- 2a,\,201/\)j) = if2 :J : : -:: -'#JfiT ''.31;;:ilJ; ii z\r iu1"ir i: = 5r ,e0 . \$219,600 \$274-5oo I I lv'/ - Manufaoturing ovelhead \$320,400 \$343,000 V r.xa\ ?{1 Oi.: -'i?-.-,i",\ ] -_ 22 b0 The best estimate of the total variable manufacturing cost per unit is: A. s127.70 'Ssr5o.3o c. \$22.60 D.

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PractExam2Bus21 - Managerial Accounting Practice Exam 2...

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