Devry ACCT434 Week 3 quiz

Jul 29th, 2016
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1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? (Points : 3) Fixed cost within relevant range Variable Mixed Variable cost within relevant range 2. (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? (Points : 3) y = 1.80 + 400X y = 400 + 1.80X y = 2.20 + 1,000X y = 1.00 + 400X 3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? (Points : 3) Quantitative analysis Industrial engineering Account analysis Conference 4. (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform some managem

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Devry ACCT434 Week 3 quiz1. (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hourand the rest are salaried employees paid $3,000 a month. How would total costs of personnel beclassified? (Points : 3)Fixed cost within relevant rangeVariableMixedVariable cost within relevant range2. (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass,$0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. Atotal of 1,000 frames is expected to be produced in the coming year. What cost function bestrepresents these costs? (Points : 3)y = 1.80 + 400Xy = 400 + 1.80Xy = 2.20 + 1,000Xy = 1.00 + 400X3. (TCO 3) Which cost estimation method uses a formal mathematical method to develop costfunctions based on past data? (Points : 3)Quantitative analysisIndustrial engineeringAccount analysisCon

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