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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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