In the short run, which of the following is most likely a variable cost? a) Vehicle fleet loan payments b) Equipment loan payments c) water cost d) mortgage payments for owned plant facilities
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In the short run, which of the following is most likely a variable cost?
a) Vehicle fleet loan payments
b) Equipment loan payments
c) water cost
d) mortgage payments for owned plant facilities
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- An example of a committed fixed cost is: A) management training seminars. B) a long-term equipment lease. C) research and development. D) advertising.Which of the following would be considered a sunk cost? a. purchase price of new equipment b. warehouse lease expense c. equipment rental for the production area d. net book value of equipment that has no market valueIllustrate a break-even analysis scenario in the resturant industry. Discuss the relevant fixed costs, variable costs, expenses, and revenues.
- Firms may incur higherfixed-costs, by investing in capital assets in order to reduce: Multiple Choice equipment costs. plant size. cash payment. variable costs.Which of the following pairs are correctly classified as variable costs and fixed costs, respectively? A) rent - fixed; depreciation- variable B) depreciation - fixed; debt interest - variable C) depreciation - fixed; materials - variable D) materials - fixed; factory labor - variable E) debt interest - fixed: advertising/marketing - variableIn making a short-term special decision, which of the following is MOST important? a. Use a conventional absorption costing method b. Focus on the total cost c. Separate variable and fixed costs d. Discount cash flow to their present values
- Which one of the following is the proper dollar value of existing equipment to use in replacement analysis? A. Original cost B. Present market value if sold C. Present trade-in value D. Present book value E. Present market value if sold minus removal and selling expensesWhich of the following applies conservatism to the financial statements of a full cost company? Group of answer choices A. Use of the entire country as the cost center B. Full cost ceiling test C. Capitalization of exploratory dry holes D. Exclusion of costs from the amortization poolFaced with a long-run make-or-buy decision, the manager should do all of the following except: a. consider differences in the required capital investment and the timing of cash flows b. compare the cost of making the parts with the cost of buying them c. consider the quantity and quality of the parts as well as the technical know-how required d. use a cost study with only the differential costs and with no allocation of existing fixed overhead or profit
- Which one of these is an example of a variable cost? a. Raw material expenses b. Depreciation costs c. None of the choices d. RentWhen a firm has the opportunity to add a project that will utilize excess factory capacity (what is currently not being used), which costs should be used to determine if the added project should be undertaken?A Opportunity CostB Sunk Cost C Incremental CostsD None of the aboveIn a makeorbuy decision, which of the following would not be relevant? Question content area bottom Part 1 A. property taxes on the plant that will still be necessary even if the product is outsourced B. the quality of the product C. a lease that could be discontinued upon accepting the "buy proposal" D. the portion of fixed costs that could be eliminated by outsourcing
