Horn_CH_10TB 13

# A 17000 b 41000 c 21167 d 27000 answer b explanation

This preview shows page 1. Sign up to view the full content.

This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: observation of cost driver 240 \$ 6,800 114) What is the slope coefficient per machine-hour? A) \$28.33 B) \$0.05 C) \$20.00 D) \$25.00 Answer: C Explanation: C) S Diff: 2 T 4 AACSB: Analytical skills 115) What is the constant for the estimating cost equation? A) \$2,000 B) \$6,800 C) \$8,000 D) \$10,000 Answer: A Explanation: A) E Diff: 2 T 4 AACSB: Analytical skills 116) What is the estimate of the total cost when 300 machine-hours are used? A) \$2,000 B) \$4,000 C) \$6,000 D) \$8,000 Answer: D Explanation: D) y Diff: 3 T 4 AACSB: Analytical skills Answer the following questions using the information below: The Taranto Company uses the high-low method to estimate it's cost function. The information for 2008 is provided below: Machine -hours Costs Highest observation of cost driver 2,000 \$225,000 Lowest observation of cost driver 1,000 \$ 125,000 117) What is the slope coefficient per machine-hour? A) \$125.00 B) \$12.50 C) \$10.00 D) \$100.00 Answer: D Explanation: D) S Diff: 2 T 4 AACSB: Analytical skills 118) What is the constant for the estimating cost equation? A) \$125,000 B) \$225,000 C) \$25,000 D) \$0 Answer: C Explanation: C) E Diff: 2 T 4 AACSB: Analytical skills 119) What is the estimate of the total cost when 1,100 machine-hours are used? A) \$125,000 B) \$135,000 C) \$150,000 D) \$200,000 Answer: B Explanation: B) y Diff: 3 T 4 AACSB: Analytical skills Answer the following questions using the information below: For Carroll Company, labor-hours are 12,500 and wages \$47,000 at the high point of the relevant range, and labor-hours are 7,500 and wages \$35,000 at the low point of the relevant range. 120) What is the slope coefficient per labor-hour? A) \$4.67 B) \$3.76 C) \$2.40 D) \$0.42 Answer: C Explanation: C) S Diff: 2 T 4 AACSB: Analytical skills 121) What is the constant? A) \$17,000 B) \$12,000 C) \$5,000 D) \$41,750 Answer: A Explanation: A) C Diff: 2 T 4 AACSB: Analytical skills 122) What is the estimate of total labor costs at Carroll Company when 10,000 labor-hours are used? A) \$17,000 B) \$41,000 C) \$21,167 D) \$27,000 Answer: B Explanation: B) y Diff: 3 T 4 AACSB: Analytical skills Answer the following questions using the information below...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online