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Question : 36) In the mixed-cost function, Y = F + VX,

36) In the mixed-cost function, Y = F + VX, the F stands for

A) total fixed cost.

B) total cost.

C) variable cost per unit of cost driver.

D) number of units of the cost driver.

37) In the mixed-cost function, Y = F + VX, the X stands for

A) total fixed cost.

B) total cost.

C) variable cost per unit of cost driver.

D) number of units of the cost driver.

38) In the mixed-cost function, Y = F + VX, the V stands for

A) total fixed cost.

B) total cost.

C) variable cost per unit of cost driver.

D) number of units of the cost driver.

39) Which symbol in the mixed-cost function, Y = F + VX, indicates the intercept?

A) F

B) V

C) Y

D) X

40) Which symbol in the mixed-cost function, Y = F + VX, represents the slope?

A) V

B) F

C) X

D) Y

41) The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called

A) cost prediction.

B) cost measurement.

C) activity analysis.

D) budgeting.

42) The application of cost measures to expected future activity levels to forecast future costs is

A) activity analysis.

B) cost prediction.

C) budgeting.

D) cost measurement.

43) The process of completing a final product or service

A) can have only one cost driver.

B) may involve a number of separate activities.

C) can have only one cause-and-effect relationship.

D) can have multiple cost drivers, but they must be of equal importance.

44) Which of the following is NOT a method of approximating cost functions?

A) Engineering analysis

B) Account analysis

C) Product analysis

D) High-low analysis

45) Which method of approximating cost functions does NOT involve the analysis of past costs?

A) High-low analysis

B) Visual-fit analysis

C) Engineering analysis

D


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