3 . ( TCO 2 ) Variable overhead costs include ( Points : 5 ) 4 . ( TCO 2 ) Information pertaining to Brenton Corporation ' s sales rev enue ispresented in the following table :
February March April Cash Sales $ 160,000 $ 150,000 $ 120 ,
000 Credit Sales 300,000 400,000 280 ,
000
Total Sales $ 460,000 $ 550,000 $ 400
, 000 Management estimates that 5 % of credit sales are not collectible . Of the credit sales that are collectible , 75 % are collected in the month of sale and the remainder in the month following the sale . Cost of purch ases of inventory each month are 80 % of the next month ' s projected to tal sales . All purchases of inventory are on account ; 50 % are paid in the month of purchase , and the remainder is paid in the month followi ng the purchase . Brenton ' s budgeted total cash receipts in March are ( Points : 5 ) 5 . ( TCO 2 ) Budgeting provides all of the following except ( Points : 5 ) 6 . ( TCO 3 ) For January , the cost components of a picture frame inclu de $ 0.20for the glass , $ 0.85 for the wooden frame , and $ 0.60 for asse mbly . The assembly desk and tools cost $ 200 . A total of 1,000 frames is expected to be produced in the coming year . What cost function be st represents these costs ? ( Points : 5 ) 7 . ( TCO 3 ) Which cost estimation method uses a formal mathematical methodto develop cost functions based on past data ? ( Points : 5 ) 8 . ( TCO 4 ) Sunk costs ( Points : 5 ) 9 . ( TCO 5 ) The theoryof constraints is used for cost analysis when ( P oints : 5 ) 10 . ( TCO 5 ) Producingmore nonbottleneck output ( Points : 5 )
11 . ( TCO 6 ) What type of cost is the result of an event that results in morethan one product or service simultaneously ? ( Points : 5 ) 12 . ( TCO 6 ) Which of the following is a disadvantage of the physicalmeasuremethod of allocating joint costs ? ( Points : 5 )