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.