acc final part one ch 20-23

acc final part one ch 20-23 - Question 1 2 / 2 points When...

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Unformatted text preview: Question 1 2 / 2 points When volume increases, fixed costs per unit: Stay the same. Increase or decrease, depending upon the situation. Decrease. Increase. Question 2 2 / 2 points In cost-volume-profit analysis, income tax expense: Is considered a fixed cost of doing business. Is treated as a semivariable cost that is partially dependent upon sales volume. Is included among the monthly operating expenses as a variable cost. Is generally ignored. Question 3 2 / 2 points Which of the following is an example of a fixed cost for an airline? Fuel costs. Passengers' meals. Depreciation on the corporate headquarters. Income taxes expense. Question 4 2 / 2 points The dollar amount by which sales can decline before an operating loss is incurred is called the Contribution margin Margin of safety Relevant range Contribution margin ratio Question 5 2 / 2 points Variable costs would include Sales commission expense Rent expense Executive salaries expense Depreciation expense Question 6 2 / 2 points The following information is available regarding the total manufacturing overhead of Allenby Company for a recent four-month period. Month Machine Hours Mfg. Overhead April..... 80,000 $162,000 May....... 70,000 $145,000 June...... 100,000 $190,000 July...... 85,000 $173,000 Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour. $2.10 per machine hour. $1.50 per machine hour. $1.40 per machine hour. $0.87 per machine hour. Question 7 2 / 2 points The following information is available regarding the total manufacturing overhead of Allenby Company for a recent four-month period. Month Machine Hours Mfg. Overhead April..... 80,000 $162,000 May....... 70,000 $145,000 June...... 100,000 $190,000 July...... 85,000 $173,000 Using the high-low method, compute the fixed element of Allenby's monthly overhead cost. $45,000. $50,000. $40,000. $35,000. Question 8 2 / 2 points The following information is available regarding the total manufacturing overhead of Allenby Company for a recent four-month period. Month Machine Hours Mfg. Overhead April..... 80,000 $162,000 May....... 70,000 $145,000 June...... 100,000 $190,000 July...... 85,000 $173,000 Allenby's projected August operations will require approximately 110,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August....
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acc final part one ch 20-23 - Question 1 2 / 2 points When...

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