ACCT434 Week 3 Quiz: Cost Behavior, Decision Making, and Constraints in Managerial Accounting

This quiz assesses students' understanding of cost behavior, decision-making processes, and constraints in managerial accounting.

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ACCT434 Week 3 Quiz: Cost Behavior, Decision Making, and Constraints inManagerial AccountingDevry ACCT434 Week 3 quiz1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hourand the rest are salariedemployees paid $3,000 a month. How would total costs of personnel beclassified? (Points : 3)Fixed cost within relevant rangeVariableMixedVariable cost within relevant range2. (TCO 3) For January, the cost components of a picture frame include$0.35 for the glass,$0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. Atotal of 1,000 frames is expected to be produced in the coming year. What cost function bestrepresents these costs? (Points : 3)y = 1.80 + 400Xy = 400 + 1.80Xy = 2.20 + 1,000Xy = 1.00 + 400X3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop costfunctions based on past data? (Points : 3)Quantitative analysisIndustrial engineeringAccount analysisConference4. (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to performsome management advisory services. The following information pertains to 20X2 operations.Sales (2,000 televisions) $900,000; Cost of goods sold $400,000; Store manager's salary per year$70,000; Operating costs per year $157,000; Advertising and promotion per year $15,000;Commissions (4% of sales) $36,000. What was the variable cost per unit sold for 20X2? (Points :3)$200$339$218$18

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Course
ACCT 434
Subject
Accounting

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