# ACC 211 Final Ch 3

Mahogany Company manufactures computer keyboards. The total cost of producing 12,000 keyboards is \$346,000. The total fixed cost amounts to \$130,000. Determine the total cost of manufacturing 26,000 keyboards.
a.\$720,000
b.\$562,000
c.\$598,000
d.\$468,000
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The higher the percentage of cost variability explained by the coefficient of determination, _____.
a.the better job the dependent variable does of explaining the independent variable
b.the lesser is the accuracy with which the dependent variable explains the independent variable
c.the better job the independent variable does of explaining the dependent variable
d.the lesser is the accuracy with which the independent variable explains the dependent variable
Which of the following is true of a fixed cost?
a.The per-unit fixed cost is always constant irrespective of the number of units produced.
b.Fixed costs in total are constant within the relevant range as the level of output changes.
c.The per unit fixed cost increases with an increase in the level of output.
d.Fixed costs in total vary in direct proportion to changes in output within the relevant range.
Food Service Corp. offers a meal service for commuting college students. In the month of January, 1,800 meals were served at a total cost of \$5,400. In February, 1,450 meals were served at a total cost of \$4,700, and the total number of meals served for March were 1,200 at a total cost of \$4,200. Using the high-low method, the variable cost per unit is \$2.00. What is the total fixed cost and the total variable cost for January?
a.The total fixed cost is \$2,900, and the variable cost is \$2,500.
b.The total fixed cost is \$2,500, and the variable cost is \$2,900.
c.The total fixed cost is \$3,600, and the variable cost is \$1,800.
d.The total fixed cost is \$1,800, and the variable cost is \$3,600.