Quiz and Homework Week 3 Cost Accounting

Quiz and Homework Week 3 Cost Accounting - Quiz and...

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Q u i z a n d H o m e w o r k W e e k 3 C o s t A c c o u n t i n g P a g e | 1 Grade for Ann Ball: Week 3 Quiz Numeric grade: 21/30 Letter grade: Comments: Ann, Thank you for a very nice quiz this week. If you have any questions on the missed multiple choice, please let me know. < Close Window
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Autograde Summary Date Taken: 3/20/2011 10:56:43 PM Time Spent: 1:00:48 (1:30 allowed) Points Received: 21 / 30 (70%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 10 7 Grade Details 1. Question: (TCO 3) McDevitt Company employs 6 individuals. They are all paid $12.50 per hour. How would total  costs of personnel be classified?  Your Answer: a fixed cost within a  relevant range INCORRECT variable CORRECT ANSWER mixed  a variable cost within  a relevant range Instructor Explanation: Chapter 10, page 338 Points Received: 0 of 3 2. Question: (TCO 3) The cost function y = 1,000 + 5X:  Your Answer:
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Q u i z a n d H o m e w o r k W e e k 3 C o s t A c c o u n t i n g P a g e | 3 Instructor Explanation: Chapter 10, page 338-339 Points Received: 0 of 3 3. Question: (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions  based on past data? Your Answer: Instructor Explanation: Chapter 10, page 343 Points Received: 3 of 3 4. Question: (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform some  management advisory services. The following information pertains to 20X8 operations. Sales (2,000  televisions) $ 900,000 Cost of goods sold 400,000 Store manager's salary per year 70,000 Operating 
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This note was uploaded on 04/03/2011 for the course ACCT 434 taught by Professor Hayes during the Spring '11 term at DeVry Kansas City.

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Quiz and Homework Week 3 Cost Accounting - Quiz and...

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