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Economics MCQs




Question;(TCO 1)For each of the;following drivers identify an appropriate activity.;a. # of machines Facility-Level Activities;b. # of setups Batch-Level Activities;c. # of inspections Batch-Level Activities;d. # of orders Batch-Level Activities;e. # of runs Product-Level Activities;f. # of bins or aisles Product-Level Activities;g. # of engineers Facility-Level Activities;2.A master budget;includes only;financial aspects of a plan and excludes nonfinancial aspects.;includes broad expectations and visionary results.;is an aid to coordinating what needs to be done to implement a plan.;should not be altered after it has been agreed upon.;3. Dalyrymple Company;produces a special spray nozzle. The budgeted indirect total cost of inserting;the spray nozzle is $80,000. The budgeted number of nozzles to be inserted is;40,000. What is the budgeted indirect cost allocation rate for this activity?;$.50;$1.00;$1.50;$2.00;4. Relevant costs in a;make-or-buy decision of a part include;setup overhead for the;manufacture of the product using the outsourced part.;currently used manufacturing capacity that has alternative uses.;annual plant insurance that will remain the same.;corporate office costs that will be allocated differently.;5. Constraints may;include;the availability of;direct materials in manufacturing.;linear square feet of display space for a retailer.;direct labor in the service industry.;All of the above;6. Jensen Company has;relevant costs of $80 per unit to manufacture Part A. A current supplier offers;to make Part A for $70 per unit. If capacity is constrained, the opportunity;cost of buying Part A from the supplier is;0.;$10,000.;$70,000.;indeterminable.;7. The cost function y;= 100 + 10X;has a slope;coefficient of 100.;is a nonlinear.;has an intercept of 100.;represents a fixed;cost.;8. Sunk costs;are relevant.;are differential.;are ignored when evaluating alternatives.;have future implication;9. The conference;method estimates cost functions;by mathematically;analyzing the relationship between inputs and outputs in physical terms.;using quantitative methods that can be very time consuming and costly.;based on analysis and opinions gathered from various departments.;using time-and-motion studies.


Paper#58102 | Written in 18-Jul-2015

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