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 in
Managerial Accounting
Devry ACCT434 Week 3 quiz
1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour
and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be
classified? (Points : 3)
Fixed cost within relevant range
Variable
Mixed
Variable cost within relevant range
2. (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. A
total of 1,000 frames is expected to be produced in the coming year. What cost function best
represents these costs? (Points : 3)
y = 1.80 + 400X
y = 400 + 1.80X
y = 2.20 + 1,000X
y = 1.00 + 400X
3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost
functions based on past data? (Points : 3)
Quantitative analysis
Industrial engineering
Account analysis
Conference
4. (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform
some 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
Managerial Accounting
Devry ACCT434 Week 3 quiz
1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour
and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be
classified? (Points : 3)
Fixed cost within relevant range
Variable
Mixed
Variable cost within relevant range
2. (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. A
total of 1,000 frames is expected to be produced in the coming year. What cost function best
represents these costs? (Points : 3)
y = 1.80 + 400X
y = 400 + 1.80X
y = 2.20 + 1,000X
y = 1.00 + 400X
3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost
functions based on past data? (Points : 3)
Quantitative analysis
Industrial engineering
Account analysis
Conference
4. (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform
some 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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Document Details
University
DeVry University
Subject
Accounting