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46. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. If Tom and Mike are operating with an 85% learning curve, what is the estimated average time to remove the flooring from all 5 rooms? Note: In(85%)/ In(2)--0.234. a) 2.05 hours total b) 2.05 hours per room c) 2.55 hours total d) 2.55 hours per room Answer: b Difficulty: Easy Learning Objective: Describe cost estimation techniques. CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application
56. Bava Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are available Maintenance Month June July 4,000 6,500 7,000 5,500 $ 900 1,325 1,500 1,150 September Using the high-low method, what is the variable maintenance cost per direct labour hour? a) $1.00 b) $0.10 c) $0.20 d) $1.50 Answer Difficulty: Easy Learning Objective: Describe cost estimation techniques. CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application 57. Bava Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are available Direct Maintenance Month June 4,000 $ 900
July August September 6,500 7,000 5,500 1,325 1,500 1,150 Using the high-low method, what is the fixed maintenance cost? a) $500 b) $300 c) $200 d) $100 Answer: d Difficulty: Easy Learning Objective: Describe cost estimation techniques. CPA: Management Accounting/Problem-Solving and Decision-Making 58. Bava Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are available: Direct Maintenance Month June July August September 4,000 6,500 7,000 5,500 $ 900 1,325 1,500 1,150 Using the high-low method, what is the cost function for maintenance costs? )$500+$1.00 per direct labour hour b) $300 +$1.50 per direct labour hour )$100+$O.20 per direct labour hour d) $200+$O.10 per direct labour hour Answer: c Difficulty: Easy Learning Objective: Describe cost estimation techniques. CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application
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