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 ?
3 . Question :
( TCO 3 ) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data ?
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 20X8 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 3,000 units next year ?
5 . Question :
( TCO 4 ) The formal process of choosing among alternatives is known as a ( n )
6 . Question :
( TCO 4 ) When using the five-step decision process , which one of the following steps should be done last ?
7 . Question : ( TCO 4 ) Sunk costs 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