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111.     A disadvantage of engineering cost analysis is that.

     a.     its failure to produce a cost function
     b.     the information produced may not be timely
     c.     the information produced may not be reliable
     d.     it is not acceptable under GAAP

112.     Engineering analysis and account analysis are similar because:

     a.     both require the subjective judgment of the analyst
     b.     both focus on past costs
     c.     both focus on future costs
d.     both are extremely expensive

113.      Selecting a volume related cost driver and classifying each account as a variable cost or a fixed cost is called:

     a.     engineering analysis
     b.     high low analysis
     c.     visual fit analysis
d.     account analysis

114.      A measurement of how much of the fluctuation of a cost is explained by changes in the cost driver is:

     a.     least squares analysis
     b.     standard error of Y
     c.     standard error of coefficient
     d.     coefficient of determination

115.      The


 

     a.     high low
     b.     visual fit
     c.     simple least squares regression
d.     multiple least squares regression

116.      One of the simplest methods to measure a linear cost function from past data is the:

     a.     regression analysis method
     b.     high low method
     c.     least squares regression method
     d.     visual-fit method


117.     In the high-low method, the change in total cost is due to:

     a.     fixed cost per unit
     b.     mixed cost per unit
     c.     total fixed cost
     d.     variable cost per unit

118.     


 

     a.     Engineering analysis
     b.     Account analysis
     c.     The visual-fit method
     d.     The least-squares regression method

119.     In a linear regression, the x coefficient is the:

     a.     fixed cost per unit
     b.     variable cost per unit
     c.     total cost
d.     number of units produced

120.      Presented below is the production data for the first six months of the year for the      mixed costs incurred by Strongsville Company.

                Month           Cost     Units

               January          $7,500     4,000
               February           13,000     6,500
               March           10,500     8,000
               April           12,700     10,500
               May           13,500     12,000
               June           10,850     9,000

     Strongsville Company uses the high low method to analyze mixed costs.      The variable cost per unit is:

     a.     $1.25
     b.     $0.75
     c.     $1.31
     d.     $0.132



121.      Presented below is the production data for the first six months of the year for the mixed costs incurred by Strongsville Company.

                Month           Cost     Units

               January          $7,500     4,000
               February           10,250     6,500
               March           10,500     8,000
               April           12,700     10,500
               May           13,500     12,000
               June           10,850     9,000

     Strongsville Company uses the high low method to analyze mixed costs.      The total fixed cost (rounded to the nearest dollar) is:

     a.     $10,500
     b.     $10,417
     c.     $4,500
d.     $4,000


122.      Presented below is the production data for the first six months of the year for the mixed costs incurred by Scott Company.

                Month           Cost     Units

               January          $4,890     4,100
               February           4,024     3,200
               March           6,480     5,300
               April           8,840     7,500
               May           5,800     4,800
               June           7,336     6,600

     Scott Company uses the high low method to analyze mixed costs.      The cost function is stated as:

     a.     Y = $440 + $1.12X
     b.     Y = $3,562.30 + $0.144X
     c.     Y = $107.20 + $1.416X
     d.     Y = $7,850 + $0.132X



123.      Presented below is the production data for the first six months of the year for the mixed costs incurred by Strongsville Company.

                Month           Cost     Units

               January          $7,500     4,000
               February           11,250     6,500
               March           10,500     8,000
               April           12,700     10,500
               May           13,500     12,000
               June           10,850     9,000

     Strongsville Company uses the high low method to analyze mixed costs.      The total cost at an operating level of 10,000 units is:

     a.     $12,000
     b.     $12,500
     c.     $11,800
     d.     $11,725


124.      The following data has been assembled for Groundhog Company. Use the high-low      method.

               Cost          Hours
                                                       $24,400          2,000
               39,000          3,600
               37,280          3,450
               36,400          3,000
               44,160          3,900
     
     The variable cost per hour is:

     a.     $1.52
     b.     $1.84
     c.     $10.40
d.     $8.64

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