Module 4 Assessment

# Module 4 Assessment - View Attempt...

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View Attempt 1 of 1 Title: Module 4 Assessment Started: October 15, 2010 4:08 PM Submitted: October 15, 2010 6:08 PM Time spent: 02:00:14 Total score: 72/100 = 72% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. Which of the four types of cost drivers - activity-based, volume-based, structural and executional - are often best related to linear cost estimation methods? Student Response Correct Answer Feedback A. Activity-based only. B. Activity-based and volume- based. C. Structural and volume-based. D. Executional and volume-based. E. Structural and executional. Score: 4/4 Comments: 2. The objective of the fourth step in cost estimation, graphing the data, is intended to: Student Response Correct Answer Feedback A. Identify unusual patterns. B. Show data in two dimensions. C. Enhance the cost estimation process. D. Allow for subjectivity in cost estimation. Score: 4/4 Comments: Your location: Assessments View All Submissions › View Attempt View Attempt http://webctap.gardner-webb.edu/webct/urw/lc9810010. .. 1 of 14 11/29/2010 12:06 PM

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3. Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his maintenance costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance costs was machine hours. Below are data from the previous fiscal year for maintenance expense and machine hours: Using the high-low method, unit variable cost is calculated to be: Student Response Correct Answer Feedback A. \$1.31. B. \$1.59. C. \$1.36. D. \$1.14. E. \$1.20. High and low points are 6 and 11. Unit variable cost = (\$3,680 -\$2,780)/(2,440 - 1,690) = \$1.20 Score: 4/4 Comments: 4. facility was designed to produce 300 computers per month. The variable costs for each computer are \$660 and the fixed costs total \$74,700 per month. The average cost per unit, if the facility normally expects to operate at eighty-five percent of capacity, is calculated to be (round to nearest cent): Student Response Correct Answer Feedback A. \$952.94. B. \$909.00. \$660 + [\$74,700/(300 x.85)] = \$952.94 C. \$936.67. D. \$971.25. View Attempt http://webctap.gardner-webb.edu/webct/urw/lc9810010. .. 2 of 14 11/29/2010 12:06 PM
Student Response Correct Answer Feedback E. \$942.47. Score: 0/4 Comments: 5. Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his maintenance costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance costs was machine hours. Below are data from the previous fiscal year for maintenance expense and machine hours: Using the high-low method, total monthly fixed cost is calculated to be: Student Response Correct Answer Feedback A. \$484. B. \$364.

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Module 4 Assessment - View Attempt...

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