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Ruskin Company had utilities cost of $95000 at an output level of 30000 units The utilities cost was a mixed cost

Ruskin Company had utilities cost of $95,000 at an output level of 30,000 units. The utilities cost was a mixed cost, and the fixed portion was $50,000. What would be the best estimate of total utilities cost at an output level of 40,000 units?

a.$65,000

b.$95,000

c.$110,000

d.$125,000

 

 

 

Total cost = $10,000

 

Which type of cost does this formula represent?

a.strictly variable

b.strictly fixed

c.a mixed cost

d.a step cost

 

 

 

34.What will be the result if production volume increases from 8,000 to 10,000 units?

a.Total costs will increase by 20%.

b.Total costs will increase by 25%.

c.Total variable costs will increase by 25%.

d.Mixed and variable costs will increase by 25%.

 

 

 

35.Suppose a cost’s step-cost behaviour follows very narrow steps. What assumptions can be used to approximate the costs?

a.variable cost assumptions

b.fixed costs assumptions

c.step-fixed cost assumptions

d.mixed cost assumptions

 

 

 

 

Total cost = Fixed cost + Variable Rate ? Output

 

36.Refer to Total cost formula. Which element is the dependent variable?

a.variable rate

b.fixed cost

c.total cost

d.output

 

 

 

37.Refer to Total cost formula. Which element is the independent variable?

a.fixed cost

b.total cost

c.output

d.variable rate

 

 

 

38.Refer to Total cost formula. Which element is the intercept?

a.fixed cost

b.total cost

c.output

d.variable rate

 

 

 

39.Refer to Total cost formula. Which element is the slope?

a.variable rate

b.output

c.fixed cost

d.total cost

 

 

 

40.Suppose that at a given volume, total costs and fixed costs are known. How are the variable costs per unit computed?

a.(total costs ? fixed costs)/unit volume

b.(total costs/unit volume) ? fixed costs

c.(total costs ? unit volume) ? (fixed costs/unit volume)

d.total costs ? (fixed costs/unit volume)

 

 

 

 

Lassiter Toys, Inc.

Cost of Materials

No. of toys producedTotal cost of materials

100,000$20,000

200,000$40,000

300,000$60,000

Mar 13 2020 View more View Less

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