ACCT 434 Week 4 Quiz ( New ) For more course tutorials visit www . uophelp . com
ACCT 434 Week 4 Quiz ( New ) For more course tutorials visit www . uophelp . com
1 . Question : ( 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 ? Question 2 . Question : ( 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 ? Question 3 . Question : ( TCO 3 ) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data ? Question 4 . Question : ( 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 are the estimated total costs if Penny ' s expects to sell Question 5 . Question : ( TCO 4 ) A decision model involves Question 6 . Question : ( TCO 4 ) When using the five-step decision process , which one of the following steps should be done last ? Question 7 . Question : ( TCO 4 ) Sunk costs Question 8 . Question : ( TCO 4 ) Northwoods Incorporated manufactures rustic furniture . The cost accounting system estimates manufacturing costs to be $ 90 per table , consisting of 80 % variable costs and 20 % fixed costs . The company has surplus capacity available . It is Northwoods ' policy to add a 50 % markup to full costs .