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47. The salary paid to the production manager in a factory is:
48. Within the relevant range, variable cost per unit will:
49. The term "relevant range" means the range of activity over which:
50. An example of a committed fixed cost is:
51. In describing the cost formula equation Y = a + bX, which of the following statements is
correct?
52. Which one of the following costs should NOT be considered a direct cost of serving a
particular customer who orders a customized personal computer by phone directly from the
manufacturer?
53. The term differential cost refers to:
54. Which of the following costs is often important in decision making, but is omitted from
conventional accounting records?
55. When a decision is made among a number of alternatives, the benefit that is lost by
choosing one alternative over another is the:
56. The following costs were incurred in September:
Conversion costs during the month totaled:
57. The following costs were incurred in September:
Prime costs during the month totaled:
58. In September direct labor was 40% of conversion cost. If the manufacturing overhead for
the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was:
59. Aberge Company's manufacturing overhead is 60% of its total conversion costs. If direct
labor is $38,000 and if direct materials are $21,000, the manufacturing overhead is:
60. During the month of September, direct labor cost totaled $11,000 and direct labor cost
was 40% of prime cost. If total manufacturing costs during September were $73,000, the
manufacturing overhead was:
61. A manufacturing company prepays its insurance coverage for a three-year period. The
premium for the three years is $2,700 and is paid at the beginning of the first year. Eighty percent
of the premium applies to manufacturing operations and 20% applies to selling and
administrative activities. What amounts should be considered product and period costs
respectively for the first year of coverage?
62. Iadanza Corporation is a wholesaler that sells a single product. Management has
provided the following cost data for two levels of monthly sales volume. The company sells the
product for $195.70 per unit.
The best estimate of the total contribution margin when 6,300 units are sold is:
63. Gambarini Corporation is a wholesaler that sells a single product. Management has
provided the following cost data for two levels of monthly sales volume. The company sells the
product for $197.80 per unit.
The best estimate of the total monthly fixed cost is:
64. Bakker Corporation has provided the following production and average cost data for two
levels of monthly production volume. The company produces a single product.
The best estimate of the total variable manufacturing cost per unit is:
65. Carbaugh Corporation has provided the following production and average cost data for
two levels of monthly production volume. The company produces a single product.
The best estimate of the total cost to manufacture 3,300 units is closest to:
66. Edeen Corporation has provided the following production and total cost data for two
levels of monthly production volume. The company produces a single product.
The best estimate of the total variable manufacturing cost per unit is:
67. Dabney Corporation has provided the following production and total cost data for two
levels of monthly production volume. The company produces a single product.
The best estimate of the total monthly fixed manufacturing cost is:
68. Haras Corporation is a wholesaler that sells a single product. Management has provided
the following cost data for two levels of monthly sales volume. The company sells the product for
$141.30 per unit.
The best estimate of the total variable cost per unit is:
