cost accounting week 4 quiz 496684

1.(TCO 1) Troy Company derived the following costs relationship from a regression analysis of its monthly manufacturing overhead cost.
Y = $80,000 + $12X
where: Y = monthly manufacturing overhead cost
and X = machine hours.
The standard time required to manufacture one 6-unit case of Troy s single product is 4 machine hours. Troy applies manufacturing overhead to production on the basis of machine-hours, and its normal annual production is 50,000 cases.
Troy s estimated variable manufacturing overhead cost for a month in which scheduled production is 10,000 cases would be(Points : 6)

2.(TCO 1) Three criteria to use in identifying cost drivers from the potentially large set of independent variables that can be included in a regression model are(Points : 6)

3.(TCO 3) The best opportunity for cost reduction is(Points : 6)

4.(TCO 3) Each month, Haddock Company has $275,000 total manufacturing costs (20% fixed) and $125,000 distribution and marketing costs (36% fixed). Haddock s monthly sales are $500,000. The markup percentage on variable costs to arrive at the existing (target) selling price is(Points : 6)

5.(TCO 3) Which of these do antitrust laws on pricing notcover?(Points : 6)