Question : 51. Speedy Couriers documented the miles driven and total vehicle costs : 1295553

 

 

51. Speedy Couriers documented the miles driven and total vehicle costs for the past five months as follows:

 

 

Number of miles

Total vehicle costs

 

January ————-

  800

$1,095 

 

February ———–

1,000

1,440

 

March ————–

  750

1,200

 

April —————-

  900

1,380

 

May —————–

1,100

1,410

 

 

 

 

Refer to the Speedy Couriers information above. Using the high/low method, what is the cost equation to predict total vehicle costs? A. Y = $52.50 + $1.67xB. Y = $255 + $1.05xC. Y = $285 + $1.725xD. Y = $750 + $.60x

 

52. Speedy Couriers documented the miles driven and total vehicle costs for the past five months as follows:

 

 

Number of miles

Total vehicle costs

 

January ————-

  800

$1,095 

 

February ———–

1,000

1,440

 

March ————–

  750

1,200

 

April —————-

  900

1,380

 

May —————–

1,100

1,410

 

 

 

 

Refer to the Speedy Couriers information above. Using the high/low method, if Speedy expects to drive 1,200 miles in June, what will be expected total vehicle costs? A. $1,470.00B. $1,515.00C. $2,056.50D. $1,720.88

 

53. Denver Manufacturing would like to do a better job budgeting for maintenance costs and, consequently, they have prepared a schedule showing maintenance costs and units produced for the past five months as follows:

 

 

Number of

 

 

 

units produced

Total maintenance costs

 

January ————-

5,400

$4,800

 

February ———–

6,600

5,180

 

March ————–

4,900

4,500

 

April —————-

5,600

4,900

 

May —————–

6,000

5,490

 

 

 

 

Refer to the Denver Manufacturing information above. Using the high/low method, what is the cost equation to predict total maintenance costs? A. Y = $90 + $.90xB. Y = $2,540 + $.40xC. Y = $1,646 + $.5824xD. Y = $2.50x – $11,320

 

54. Denver Manufacturing would like to do a better job budgeting for maintenance costs and, consequently, they have prepared a schedule showing maintenance costs and units produced for the past five months as follows:

 

 

Number of

 

 

 

units produced

Total maintenance costs

 

January ————-

5,400

$4,800

 

February ———–

6,600

5,180

 

March ————–

4,900

4,500

 

April —————-

5,600

4,900

 

May —————–

6,000

5,490

 

 

 

 

Refer to the Denver Manufacturing information above. Using the high/low method, if Denver expects to produce 5,000 units in June, what will be budgeted total maintenance costs? A. $4,590B. $4,558C. $4,540D. $4,363

 

55. In decision-making, which of the following kinds of costs should always be taken into account? A. Fixed costsB. Variable costsC. Relevant costsD. Sunk costs

 

56. In decision-making, which of the following statements is true? A. Variable costs can always be viewed as relevant.B. Fixed costs can always be viewed as not relevant.C. Variable costs may or may not be relevant.D. Fixed costs can always be viewed as relevant.

 

57. In general, when are variable costs not relevant to a decision? A. When they are avoidable.B. When they do not differ among alternatives.C. When they are part of a mixed cost.D. When they are less than fixed costs.

 

58. In general, when are fixed costs relevant to a decision? A. When they are part of a mixed cost.B. When the fixed cost per unit changes as production changes.C. When they are avoidable.D. When they have already occurred in the past.

 

59. Another word for a relevant cost is a(n) ____ cost. A. fixedB. unavoidableC. incrementalD. variable

 

60. University Memorabilia Inc. is a locally run retail shop. The store usually closes at 5:00 pm, but the owners have inquired about the extra costs involved by letting the store stay open until 9:00 pm. The store manager has listed the following monthly expenditures and their related costs: 

Item:

 

 

1.

Manager salary

$40,000 per year

2.

Store rent

$5,000 per month

3.

Sales’ associates wages

$9 per hour

4.

Store utilities

$4 per hour

 

 

 

 

Which of the above cost items would be relevant to the decision about staying open extra hours? A. 1, 2, 3, and 4B. 2, 3, and 4C. 2 and 3D. 3 and 4

 

 

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