管理会计作业cost.docx

管理会计作业cost.docx

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管理会计作业cost

Chapter5:

CostBehaviorandCost-Volume-ProfitAnalysis

5.1-1Thetotalmanufacturingcostperunitincreasesastotalproductionvolumeincreases.

Answer:

False

5.1-2Totalvariablecostschangeinresponsetochangesinthevolumeofproduction.

Answer:

True

5.1-3Themixedcostperunitisconstantthroughouttherelevantrangeofactivity.

Answer:

False

5.1-4Fixedcostsperunitdecreaseasproductionlevelsdecrease.

Answer:

False

5.1-5Amethodusedtoseparatemixedcostsintofixedandvariablecomponentsiscalledthehigh-lowmethod.

Answer:

True

5.1-6Thevariablecostperunitisassumedtobeconstantwithinaparticularrelevantrangeofactivity.

Answer:

True

5.1-7LeastSquaresRegressionisamethodusedtocombinethevariableandfixedportionsofmixedcosts.

Answer:

False

5.1-8Whichofthefollowingcostschangesindirectproportiontoachangeinvolume?

A）Averagemixedcost

B）Totalfixedcost

C）Averagevariablecost

D）Totalvariablecost

Answer:

D

5.1-9WhichofthefollowingisNOTafixedcost?

A）Propertytaxes

B）Salaryofplantmanager

C）Indirectmaterials

D）Straight-linedepreciation

Answer:

C

5.1-10A15%increaseinproductionwillresultina15%increasein:

A）thevariablecostperunit.

B）totalmixedcosts.

C）totalmanufacturingcosts.

D）totalvariablecosts.

Answer:

D

5.1-11Whichofthefollowingstatementsiscorrectwithrespecttovariablecostperunit,withintherelevantrange?

A）Theywillincreaseasproductiondecreases.

B）Theywilldecreaseasproductiondecreases.

C）Theywillremainthesameasproductionlevelschange.

D）Theywilldecreaseasproductionincreases.

Answer:

C

5.1-12Whichofthefollowingstatementsiscorrectwithrespecttototalvariablecosts,withintherelevantrange?

A）Theywilldecreaseasproductionincreases.

B）Theywillremainthesameasproductionlevelschange.

C）Theywilldecreaseasproductiondecreases.

D）Theywillincreaseasproductiondecreases.

Answer:

C

5.1-13Whichofthefollowingstatementsiscorrectwithrespecttototalfixedcosts,withintherelevant

range?

A）Theywillremainthesameasproductionlevelschange.

B）Theywillincreaseasproductiondecreases.

C）Theywilldecreaseasproductiondecreases.

D）Theywilldecreaseasproductionincreases.

Answer:

A

5.1-14Whichofthefollowingstatementsiscorrectwithrespecttofixedcostsperunit?

A）Theywillincreaseasproductiondecreases.

B）Theywilldecreaseasproductiondecreases.

C）Theywillremainthesameasproductionlevelschange.

D）Theywillincreaseasproductionincreases.

Answer:

A

5.1-15Whichofthefollowingisacharacteristicofavariablecost?

A）Variablecostsarevariableperunit,andfixedintotal.

B）Variablecostsvaryintotalwithproductionandsales.

C）Variablecostsdonotchangeintotalovertherelevantrange.

D）Alloftheabovearecharacteristicsofvariablecosts.

Answer:

B

5.1-16WhichofthefollowingstatementsisNOTcorrect?

A）Thetotalfixedcostisconstantthroughouttherelevantrangeofactivity.

B）Thebreakevenpointincreasesifvariablecostsincrease.

C）Themarginofsafetyincreasesiffixedcostsdecrease.

D）Themixedcostperunitisconstantthroughouttherelevantrangeofactivity.

Answer:

D

5.1-17Whichofthefollowingstatementsdescribesvariablecosts?

A）Theyarefixedintotalthroughouttherelevantrangeofactivity.

B）Theydecreaseonaperunitbasisasproductionvolumeincreases.

C）Theyvaryonaperunitbasisbutdonotvaryintotalasproductionchanges.

D）Theyareconstantonaperunitbasisbutvaryintotalasproductionchanges.

Answer:

D

5.1-18Anelectricbillforcorporateheadquartersisanexampleofwhattypeofcost?

A）Variablecost

B）Conversioncost

C）Fixedcost

D）Mixedcost

Answer:

D

5.1-19Thelongdistancecompanythatyouusecharges$5.00permonthand$0.10perminutepercall.Ifyourcurrentbillis$25.00,howmanyminutesdidyouuse?

A）250minutes

B）100minutes

C）200minutes

D）150minutes

Answer:

C

5.1-20Jennywasreviewingthewaterbillforherdoggydayspaanddeterminedthatherhighestbill,$3,000,occurredinJulywhenshewashed2,000dogsandherlowestbill,$2,000,occurredinNovemberwhenshewashed1,000dogs.WhatwasthevariablecostperdogwashassociatedwithJenny'swaterbill?

A）$.67

B）$1.00

C）$0.50

D）$2.00

Answer:

B

5.1-21Jennywasreviewingthewaterbillforherdoggydayspaanddeterminedthatherhighestbill,$3,000,occurredinJulywhenshewashed2,000dogsandherlowestbill,$2,000,occurredinNovemberwhenshewashed1,000dogs.WhatwasthefixedcostassociatedwithJenny'swaterbill?

A）$1,500

B）$3,000

C）$1,000

D）$2,000

Answer:

C

5.1-22DakotaCompanyprovidesthefollowinginformationaboutitssingleproduct:

Targetedoperatingincome

$40,000

Sellingpriceperunit

$3.50

Variablecostperunit

$1.05

Totalfixedcosts

$90,000

Whatisthecontributionmarginratio?

A）0.70

B）0.44

C）0.56

D）0.30

Answer:

A

5.1-23MarinoCompany’saveragemanufacturingcostwas$5.40when50,000unitsweremanufacturedandwas

$5.25when80,000unitsweremanufactured.HowmuchwasMarino’svariablecostperunit?

A）$5.25

B）$5.00

C）$5.40

D）$5.32

Answer:

B

5.2-1Ifaunitsellsfor$11.40andhasavariablecostof$3.80,itscontributionmarginperunitis$7.60.

Answer:

True

5.2-2Whenadditionalunitsaresold,thechangeinoperatingincomeisequaltothechangeincontributionmargin.

Answer:

True

5.2-3Fixedcostsdividedbythecontributionmarginperunitequalsthebreakevenpointinunitsales.

Answer:

True

5.2-4CVPanalysisassumesthattheonlyfactorthataffectscostsischangeinvolume.

Answer:

True

5.2-5BoththeincomestatementapproachandthecontributionmarginapproachmaybeusedforCVPanalysis.

Answer:

True

5.2-6Thebreakevenpointrepresentstheminimumnumberofunitsacompanymustsellbeforeitearnsaprofit.

Answer:

True

5.2-7Ifallotherfactorsareconstant,anincreaseinfixedcostswillincreasethebreakevenpoint.

Answer:

True

5.2-8Fixedcostsdividedbythecontributionmarginratioequalsthebreakevenpointinsalesdollars.

Answer:

True

5.2-9Iffixedexpensesincrease,boththebreakevenpointandthemarginofsafetyincrease.

Answer:

False

5.2-10TheBlackCorporationandtheBlueCompanybothhaveacontributionmarginratioof35%;thereforea$100,000increaseinsaleswillresultinanequalincreaseinoperatingincomeforbothcompanies.

Answer:

True

5.2-11Whichofthefollowingisacharacteristicofacontributionmarginincomestatement?

A）Variableandfixedexpensesarecombinedintototalexpenses.

B）Whenvariablecostsarelessthansalesrevenue,thereisapositivecontributionmargin.

C）Theamountofgrossmarginisshown.

D）Contributionmarginisidentifiedasthedifferencebetweensalesrevenueandtotalexpenses.

Answer:

B

5.2-12Whichofthefollowingstatementsiscorrect?

A）Thecontributionmarginincomestatementcanbeusedforexternalreportingpurposes.

B）Thecontributionmarginincomestatementisrelevantformanagingabusinessoperation.

C）Ifacompanyhasapositivecontributionmargin,itsoperatingincomewillalsobepositive.

D）Thecontributionmarginequalsgrossprofitformostallfirms.

Answer:

B

5.2-13Thecontributionmarginis:

A）grossmarginminusvariableexpenses.

B）salesrevenuesminusvariableexpenses.

C）grossmarginminusoperatingexpenses.

D）salesrevenuesminusmanufacturingexpenses.

Answer:

B

5.2-14PennellCompanygatheredthefollowinginformationfortheyearendedDecember31,2009:

Fixedcosts:

Manufacturing$165,000

Marketing$52,000

Administrative$24,000

Variablecosts:

Manufacturing$113,000

Marketing$39,000

Administrative$48,000

Duringtheyear,Pennellproducedandsold75,000unitsofproductatasalepriceof$6.50perunit.Whatisthecontributionmargin?

A）$209,500

B）$287,500

C）$122,500

D）$246,500

Answer:

B

5.2-15PennellCompanygatheredthefollowinginformationfortheyearendedDecember31,2009:

Fixedcosts:

Manufacturing$165,000

Marketing$52,000

Administrative$24,000

Variablecosts:

Manufacturing$113,000

Marketing$39,000

Administrative$48,000

Duringtheyear,Pennellproducedandsold75,000unitsofproductatasalepriceof$6.50perunit.Whatistheoperatingincome（loss）?

A）$46,500

B）$18,500

C）（$28,500）

D）$94,500

Answer:

A

5.2-16CanineCompanyproducesandsellsdogtreatsfordiscriminatingpetowners.Theunitsellingpriceis$10,unitvariablecostsare$7,andtotalfixedcostsare$3,300.HowmanydogtreatsmustCanineCompanyselltobreakeven?

A）330

B）471

C）1,100

D）194

Answer:

C

5.2-17CanineCompanyproducesandsellsdogtreatsfordiscriminatingpetowners.Theunitsellingpriceis$10,unitvariablecostsare$7,andtotalfixedcostsare$3,300.Whatisthebreakevenpointinsalesdollars?

A）$11,000

B）$4,714

C）$3,300

D）$7,700

Answer:

A

5.2-18FixedCompanyproducesasingleproductsellingfor$30perunit.Variablecostsare$12perunitandtotalfixedcostsare$4,000.Whatisthecontributionmarginratio?

A）1.67

B）2.50

C）0.40

D）0.60

Answer:

D

5.2-19Ifthesalespriceperunitis$7,theunitcontributionmarginis$3,andtotalfixedexpensesare$19,500,whatisthebreakevenpointinunits?

A）2,786

B）6,500

C）5,850

D）4,875

Answer:

B

5.2-20Ifthesalepriceperunitis$24.50,thevariableexpen