Questions from Managerial Accounting

Q: An advantage of the high-low method is that it

An advantage of the high-low method is that it a. is subjective. b. is objective. c. is the most accurate method. d. removes outliers. e. is descriptive of nonlinear data.

Q: The following six months of data were collected on maintenance cost and

The following six months of data were collected on maintenance cost and the number of machine hours in a factory: Select the independent and dependent variables.

Q: The following six months of data were collected on maintenance cost and

The following six months of data were collected on maintenance cost and the number of machine hours in a factory: Select the correct set of high and low months.

Q: An advantage of the scatter graph method is that it

An advantage of the scatter graph method is that it a. is objective. b. is easier to use than the high-low method. c. is the most accurate method. d. removes outliers. e. is descriptive of nonlinear...

Q: The total cost for monthly supervisory cost in a factory is $

The total cost for monthly supervisory cost in a factory is $4,500 regardless of how many hours the supervisor works or the quantity of output achieved. This cost a. is strictly variable. b. is stric...

Q: What is ethical behavior? Is it possible to teach ethical behavior

What is ethical behavior? Is it possible to teach ethical behavior in a managerial accounting course?

Q: Louise McDermott, controller for the Galvin plant of Vero mar Inc

Louise McDermott, controller for the Galvin plant of Vero mar Inc., wanted to determine the cost behavior of moving materials throughout the plant. She accumulated the following data on the number of...

Q: Consider each of the following independent situations: a. A

Consider each of the following independent situations: a. A computer service agreement in which a company pays $150 per month and $15 per hour of technical time b. Fuel cost of the company’s fleet of...

Q: Consider each of the following independent situations: a. Shaniqua

Consider each of the following independent situations: a. Shaniqua Boyer just started her new job as controller for St. Matthias General Hospital. She wants to get a feel for the cost behavior of vari...

Q: Farnsworth Company has gathered data on its overhead activities and associated costs

Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller’s department, has convinced man...