chp 8 friend attempt

chp 8 friend attempt - 1. Home Remodeling Inc. recently...

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1.   Home Remodeling Inc. recently obtained a short-term bank loan from City National Bank. The bank  required that certain credit information and pro forma financial statements be maintained through the life  of the loan. In order to prepare the pro forma statements, Home Remodeling must forecast total overhead  cost. The actual machine hours and overhead cost are presented below for the past six months. Using the high-low method, unit variable overhead cost is calculated to be:    Student  Response Value Correct Answer Feedback A.  $2.49.      B.  $3.40.      C.  $2.06.      D.  $2.60.      E.  $2.00. 100%     High and low points are February and March. Unit  variable cost = ($3,484 - $2,996)/(1,394 - 1,150) =  $2.00.  Score: 2/2  Comments:   2.   Which of the following is not  one of the main issues regarding data collection which can significantly affect  precision and reliability when using regression or any other cost estimation method?    Student  Response Value Correct Answer Feedback A.  Data accuracy.     
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  Student  Response Value Correct Answer Feedback B.  Time period  choice.      C.  Nonlinearity. 0%       D.  Linearity.      Score: 0/2  Comments:   3.   Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year. To  do so, the company must forecast its total overhead cost. The actual machine hours and total overhead  cost are presented below for the past six months. Using the high-low method, unit variable overhead cost is calculated to be:    Student  Response Value Correct Answer Feedback A. $1.35.      B. $1.15 100%     Unit variable cost = ($8,921 - $8,001)/(2,834 - 2,034) =  $1.15  C.  $1.40.      D.  $1.65.      E. $1.25.      Score: 2/2 
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This note was uploaded on 03/15/2012 for the course BUSINESS 603 taught by Professor Roysli during the Spring '12 term at Rutgers.

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chp 8 friend attempt - 1. Home Remodeling Inc. recently...

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