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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

1) Given the following cost and activity observations for Star Company's utilities, use high-low method to compute Star variable utilities costs per machine hour.

Cost    Machine Hours

March       \$3,100     15,000

April           2,700     10,000

May           2,900     12,000

June          3,500      18,000

a. \$10.00

b. \$.67

c. \$.10

d. \$.63

2) Variable costs as a percentage of, sales for Leamon Inc. are 75%, present sales are \$600,000, and fixed costs are \$110,000. How much will operating income change if sales increase by \$40,000?

a. \$30,000 decrease

b. \$10,000 decrease

c. \$30,000 increase

d. \$10,000 increase

3) If variable costs per unit reduce since of a decline in utility rates, break-even point would:

a. decrease

b. increase

c. increase or decrease, depending upon percentage increase in utility rates

d. remain the same

4) Suppose that Shiningstar Co. sold 8,000 units of Product A and 2,000 units of Product B in the past year. Unit contribution margins for Products A and B are \$20 and \$45 respectively. Shiningstar has fixed costs of \$350,000. The break-even point in units is:

a. 8,000 units

b. 25,278 units

c. 14,000 units

d. 10,769 units

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M99839

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