# ACCT 434 Week 3 Quiz Answers Devry

Grading Summary

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the “Details” section below.

Date Taken:

Time Spent:

Points Received:

30 / 30 (100%)

Question Type:

# Of Questions:

# Correct:

Multiple Choice

10

10

Grade Details

1.

Question :

(TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid \$12 per hour and the rest are salaried employees paid \$3,000 a month. How would total costs of personnel be classified?

2.

Question :

(TCO 3) For January, the cost components of a picture frame include \$0.35 for the glass, \$0.65 for the wooden frame, and \$0.80 for assembly. The assembly desk and tools cost \$400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs?

3.

Question :

(TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data?

4.

Question :

(TCO 3) Penny’s TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20X8 operations: Sales (2,000 televisions) \$900,000; Cost of goods sold \$400,000; Store manager’s salary per year \$70,000; Operating costs per year \$157,000; Advertising and promotion per year \$15,000; Commissions (4% of sales) \$36,000. What are the estimated total costs if Penny’s expects to sell 3,000 units next year?

5.

Question :

(TCO 4) The formal process of choosing among alternatives is known as a(n)

6.

Question :

(TCO 4) When using the five-step decision process, which one of the following steps should be done last?

7.

Question :

(TCO 4) Sunk costs

8.

Question :

(TCO 4) Northwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be \$90 per table, consisting of 80% variable costs and 20% fixed costs. The company has surplus capacity available. It is Northwoods’ policy to add a 50% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Northwoods is invited to submit a bid to the hotel chain. What is the lowest price per unit Northwoods should bid on this long-term order?

9.

Question :

(TCO 5) Throughput contribution equals revenues minus

10.

Question :

(TCO 5) A machine has been identified as a bottleneck and the source of the constraint for a manufacturing company that has multiple products and multiple machines. One way the company can overcome the bottleneck is

# Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

### Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

### Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

## Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including: