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Unformatted text preview: swer: A Explanation: A) 2 Diff: 2 T 7 AACSB: Analytical skills 147) Learning curve effects can be incorporated: A) into performance evaluations B) into production schedules C) when using costs to price products D) All of these answers are correct. Answer: D Diff: 2 Terms: learning curve Objective: 7 AACSB: Reflective thinking 148) The learning-curve models presented in the text examine: A) how quality increases over time B) how efficiency increases as more units are produced C) how setup costs decline as more workers are added D) the change in variable costs when quantity discounts are available Answer: B Diff: 2 Terms: learning curve Objective: 7 AACSB: Reflective thinking 149) The ideal database contains: A) numerous cost driver observations B) reliably measured observations C) cost driver observations spanning a wide range D) All of these answers are correct. Answer: D Diff: 1 Terms: cost estimation Objective: 8 AACSB: Reflective thinking 150) Data collection problems arise when: A) data are recorded electronically rather than manually B) accrual-basis costs are used rather than cash-basis costs C) fixed and variable costs are not separately identified and both are allocated to products on a per unit basis D) purely inflationary price effects are removed Answer: C Diff: 3 Terms: cost estimation Objective: 8 AACSB: Reflective thinking 151) Managers who design data collection reports that regularly and routinely obtain required data are helping to ensure that: A) inflationary effects are removed B) all data are recorded C) extreme values are not used to calculate cost functions D) the relationship between the cost driver and the cost remains stable over time Answer: B Diff: 2 Terms: cost estimation Objective: 8 AACSB: Reflective thinking 152) Extreme values of observations may be the result of: A) a misplaced decimal point in the recorded data B) classifying a cost incorrectly C) a temporary plant shutdown D) All of these answers are correct. Answer: D Diff: 2 Terms: cost estimation Objective: 8 AACSB: Reflective thinking 153) All of the following are cost analysis problems EXCEPT: A) fixed costs are allocated as if they are variable costs B) extreme observations are adjusted or removed C) time periods differ for measuring items included in the dependent variable and the cost driver(s) D) homogeneous relationships between individual cost items in the dependent variable pool and cost drivers may not be present Answ...
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This note was uploaded on 12/12/2012 for the course SB 305 taught by Professor Brown during the Spring '08 term at Clarkson University .
- Spring '08