Which
of the following methods provides the most accurate results in cost estimation()Which
of the following methods provides the most accurate results in cost estimation()
A. Least-squares regression method
B. High-low method
C. Scatter-graph method
D. Account Analysis method
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Which of the following belong to discretionary fixed costs? There may be more than one correct answer()
A. Insurance costs
B. Advertising
C. Depreciation on buildings and equipment
D. Research and development costs
Which of the following costs would be variable
with respect to the number of cones sold at a Baskins & Robbins shop?
(There may be more than one correct answer.)()Which of the following costs would be variable
with respect to the number of cones sold at a Baskins & Robbins shop?
(There may be more than one correct answer.)()
A. The cost of lighting the store
B. The wages of the store manager
C. The cost of ice cream
D. The cost of napkins for customers
Which of the following costs would be considered
a period rather than a product cost in a manufacturing company()Which of the following costs would be considered
a period rather than a product cost in a manufacturing company()
A. Manufacturing equipment
B. depreciation
C. B.Property taxes on corporate headquarters
D. C.Direct materials costs
E. D.Electrical costs to light the production facility
Which of the following is not true about cost
classification()Which of the following is not true about cost
classification()
A. Costs and benefits that differ between alternatives are relevant in a decision
B. Costs that can be easily and conveniently traced to a specified cost object are direct costs
C. The most commonly used classifications of cost behavior are differential costs, opportunity costs and sunk costs
D. For the purpose of preparing financial statements, costs can be classified as product or period costs