2.( TCO 1) Ireland Company produces a special spray nozzle. The b udgetedindirect total cost of inserting the spray nozzle is $ 180,000. T he budgeted number of nozzles to be inserted is 80,000. What is the b udgeted indirect cost allocation rate for this activity?( Points: 5) 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)