Problem 1DQ Problem 2DQ: What is a driver? Give an example of a cost and its corresponding output measure or driver. Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What... Problem 4DQ: Some firms assign mixed costs to either the fixed or variable cost categories without using any... Problem 5DQ: Explain the difference between committed and discretionary fixed costs. Give examples of each. Problem 6DQ: Explain why the concept of relevant range is important when dealing with step costs. Problem 7DQ: Why do mixed costs pose a problem when it comes to classifying costs into fixed and variable... Problem 8DQ: Describe the cost formula for a strictly fixed cost such as depreciation of 15,000 per year. Problem 9DQ: Describe the cost formula for a strictly variable cost such as electrical power cost of 1.15 per... Problem 10DQ: What is the scattergraph method, and why is it used? Why is a scattergraph a good first step in... Problem 11DQ: Describe how the scattergraph method breaks out the fixed and variable costs from a mixed cost. Now... Problem 12DQ: What are the advantages of the scattergraph method over the high-low method? The high-low method... Problem 13DQ Problem 14DQ: What is meant by the best-fitting line? Problem 15DQ: What is the difference between the unit cost of a product under absorption costing and variable... Problem 16DQ Problem 17DQ: (Appendix 3A) Explain the meaning of the coefficient of determination. Problem 1MCQ: A factor that causes or leads to a change in a cost or activity is a(n) a. slope. b. intercept. c.... Problem 2MCQ: Which of the following would probably be a variable cost in a soda bottling plant? a. Direct labor... Problem 3MCQ Problem 4MCQ: In the cost formula, the term 128,000,000 a. is the total variable cost. b. is the dependent... Problem 5MCQ: In the cost formula, the term 12,000 a. is the variable rate. b. is the dependent variable. c. is... Problem 6MCQ Problem 7MCQ Problem 8MCQ: The following cost formula for total purchasing cost in a factory was developed using monthly data.... Problem 9MCQ: An advantage of the high-low method is that it a. is subjective. b. is objective. c. is the most... Problem 10MCQ Problem 11MCQ Problem 12MCQ Problem 13MCQ: The total cost for monthly supervisory cost in a factory is 4,500 regardless of how many hours the... Problem 14MCQ: Yates Company shows the following unit costs for its product: Yates started the year with 8,000... Problem 15MCQ: (Appendix 3A) In the method of least squares, the coefficient that tells the percentage of variation... Problem 16BEA: Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for... Problem 17BEA: Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function... Problem 18BEA: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer... Problem 19BEA: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period That... Problem 20BEA: Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and... Problem 21BEA: Inventory Valuation under Absorption Costing Refer to the data for Judson Company above. Required:... Problem 22BEA: Inventory Valuation under Variable Costing Refer to the data for Judson Company above. Required: 1.... Problem 23BEA: Absorption-Costing Income Statement Refer to the data for Osterman Company above. Required: 1.... Problem 24BEA: Variable-Costing Income Statement Refer to the data for Osterman Company on the previous page.... Problem 25BEB: Creating and Using a Cost Formula Kleenaire Motors manufactures hybrid sports utility vehicles... Problem 26BEB: Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function... Problem 27BEB: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer... Problem 28BEB: Brief Exercise 3-28 Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a... Problem 29BEB: Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and... Problem 30BEB: Inventory Valuation under Absorption Costing Refer to the data for Pelham Company on the previous... Problem 31BEB: Inventory Valuation under Variable Costing Refer to the data for Pelham Company on the previous... Problem 32BEB: Brief Exercise 3-32 Absorption-Costing Income Statement Refer to the data for Beyta Company above.... Problem 33BEB: Brief Exercise 3-33 Variable-Costing Income Statement Refer to the data for Beyta Company above.... Problem 34E: Variable and Fixed Costs What follows are a number of resources that are used by a manufacturer of... Problem 35E: Cost Behavior, Classification Smith Concrete Company owns enough ready-mix trucks to deliver up to... Problem 36E Problem 37E Problem 38E Problem 39E: Step Costs, Relevant Range Bellati Inc. produces large industrial machinery. Bellati has a machining... Problem 40E: Matching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A through L) that best... Problem 41E: Examine the graphs in Exercise 3-40. Required: As explained in the chapter, cost behavior patterns... Problem 42E Problem 43E Problem 44E: High-Low Method Refer to the information for Luisa Crimini above. Required: 1. Which month... Problem 45E: Scattergraph Method Refer to the information for Luisa Crimini above. Required: CONCEPTUAL... Problem 46E: Method of Least Squares Refer to the information for Luisa Crimini on the previous page. Required:... Problem 47E: Use the following information for Exercises 3-47 and 3-48: During the past year, the high and low... Problem 48E: Use the following information for Exercises 3-47 and 3-48: During the past year, the high and low... Problem 49E: Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used... Problem 50E: The method of least squares was used to develop a cost equation to predict the cost of receiving... Problem 51E: Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a... Problem 52E: Inventory Valuation under Absorption Costing Amiens Company produced 20,000 units during its first... Problem 53E: Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year... Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects... Problem 55E: (Appendix 3A) Method of Least Squares Using Computer Spreadsheet Program The controller for Beckham... Problem 56E: (Appendix 3A) Method of Least Squares Using Computer Spreadsheet Program Susan Lewis, owner of a... Problem 57P: Identifying Fixed, Variable, Mixed, and Step Costs Consider each of the following independent... Problem 58P: Identifying Use of the High-Low, Scattergraph, and Least Squares Methods Consider each of the... Problem 59P: Identifying Variable Costs, Committed Fixed Costs, and Discretionary Fixed Costs Required: Classify... Problem 60P: Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to... Problem 61P: Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a... Problem 62P: Cost Behavior, High-Low Method, Pricing Decision Fonseca, Ruiz, and Dunn is a large, local... Problem 63P Problem 64P: Variable and Fixed Costs, Cost Formula, High-Low Method Li Ming Yuan and Tiffany Shaden are the... Problem 65P: Cost Separation About 8 years ago, Kicker faced the problem of rapidly increasing costs associated... Problem 66P: Variable-Costing and Absorption-Costing Income Borques Company produces and sells wooden pallets... Problem 67P: Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on... Problem 68P: (Appendix 3A) Scattergraph, High-Low Method, Method of Least Squares, Use of Judgment The management... Problem 69P: (Appendix 3A) Separating Fixed and Variable Costs, Service Setting Louise McDermott, controller for... Problem 70C: (Appendix 3A) Cost Formulas, Single and Multiple Cost Drivers For the past 5 years, Garner Company... Problem 71C: Suspicious Acquisition of Data, Ethical Issues Bill Lewis, manager of the Thomas Electronics... format_list_bulleted
