17 using account analysis what type of cost is the purchase of a cup of coffee on th 4351664

17) Using account analysis, what type of cost is the purchase of a cup of coffee on the way to school?

A) Fixed

B) Mixed

C) Step

D) Variable

18) Using account analysis, what type of cost is a student activity pass that costs $50 plus $5.00 per event?

A) Fixed

B) Mixed

C) Step

D) Variable

19) Manufacturing overhead is usually what type of cost?

A) Variable

B) Fixed

C) Mixed

D) Step

20) When managers use their judgment to classify costs as variable, fixed, or  mixed, which method are they using?

A) Account analysis

B) High-low method

C) Regression analysis

D) Low-high method

21) When preparing a scatter plot, how should the data be graphed?

A) Cost data on the y-axis

B) Cost data on the x-axis

C) Volume data on the y-axis

D) Volume data on the z-axis

22) What are scatter plots useful for?

A) Identifying potential outliers

B) Determining the overall strength of the relationship between historical cost and volume

C) Neither of the above

D) Both of the above

23) Describe the scattergraph method. Discuss the advantages and disadvantages of using the scattergraph method.

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