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- 39.The term "relevant range" as used in cost accounting means the range over which a. Cost relationships are valid b. Costs may fluctuate c. Relevant costs are incurred d. Production may vary41.A cost driver a. causes fixed costs to rise because of production changes. b. has a direct cause-effect relationship to a cost. c. can predict the cost behavior of a variable, but not a fixed, cost. d. is an overhead cost that causes distribution costs to change in distinct increments with changes in production volume.10. Using ABC, the total manufacturing costs per unit for product SuperPro is:
- Cost Activity (units)56 4 62 5 80 7 72 7 88 9 94 10 1. Calculate the fixed cost per period2. Calculate the variable cost per unit3. Write the linear equationItems on variable costing income statement In the following equations, based on the variable costing income statement, identify the items designated by X: a. Net Sales X = Manufacturing Margin b. Manufacturing Margin X = Contribution Margin c. Contribution Margin X = Income from Operations(Appendix 11A) The length of time it takes to produce a unit of output from the time raw materials are received until the good is delivered to finished goods inventory is called a. velocity. b. cycle time. c. manufacturing cycle efficiency. d. theoretical cycle time. e. theoretical MCE.
- Examine the graphs in Exercise 3-40. Required: As explained in the chapter, cost behavior patterns can be described as fixed, variable, semi-variable, mixed, or step function (i.e., semi-fixed) in nature. Explain the exact type of cost behavior pattern represented by each of the cost curves shown in graphs A through L. Note that some of the graphs might represent a combination of multiple cost behavior patterns.Q6) Manufacturing overhead costs are easy to trace and can be ignored while calculating total costs. Select one: True False11. Choose the scope of cost accounting that is primarily prepared for different level of management. a.Cost accounting b.Cost reports c.Cost analysis d.Cost comparison 12. according to which method of pricing, issues are made with the current market price. a.First in first out b.Simple average c.Weighted average d.Last in first out