Full Download Management and Cost Accounting 8th Edition Drury Test Bank
Full Download Management and Cost Accounting 8th Edition Drury Test Bank
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MULTIPLE CHOICE
2. Fixed cost per unit is £9 when 20,000 units are produced and £6 when 30,000 units are produced.
What is the total fixed cost when nothing is produced?
a. £120,000
b. £270,000
c. £15
d. £180,000
ANS: D
SUPPORTING CALCULATIONS:
£9 20,000 = £180,000
3. Assuming costs are represented on the vertical axis and volume of activity on the horizontal axis,
which of the following costs would be represented by a line that is parallel to the horizontal axis?
a. total direct material costs
b. a consultant paid £75 per hour with a maximum fee of £1,200
c. employees who are paid £10 per hour and guaranteed a minimum weekly wage of £200
d. rent on exhibit space at a convention
ANS: D PTS: 1 REF: 2.5
5. As the volume of activity increases within the relevant range, the variable cost per unit
a. decreases.
b. decreases at first, then increases.
c. remains the same.
d. increases.
ANS: C PTS: 1 REF: 2.5
7. Which of the following statements is TRUE about fixed and variable costs?
a. Both costs are constant when considered on a per-unit basis.
b. Both costs are constant when considered on a total basis.
c. Fixed costs are constant in total and variable costs are constant per unit.
d. Variable costs are constant in total and fixed costs are constant per unit.
ANS: C PTS: 1 REF: 2.5
8. The direct material cost is £10,000 when 2,000 units are produced. What is the direct material cost for
2,500 units produced?
a. £10,000
b. £8,000
c. £15,000
d. £12,500
ANS: D
SUPPORTING CALCULATIONS:
£10,000/2,000 2,500 = £12,500
10. Assuming costs are represented on the vertical axis and volume of activity on the horizontal axis,
which of the following costs would be represented by a line that starts at the origin and reaches a
maximum value and beyond the point that the line becomes parallel to the horizontal axis?
a. total direct material costs
b. a consultant paid £100 per hour with a maximum fee of £2,000
c. employees who are paid £15 per hour and guaranteed a minimum weekly wage of £300
d. rent on exhibit space at a convention
ANS: B PTS: 1 REF: 2.5
11. Adams Ltd. rents a truck for a flat fee plus an additional charge per mile. What type of cost is the rent?
a. fixed cost
b. mixed cost
c. variable cost
d. step cost
ANS: B PTS: 1 REF: 2.5
14. An equipment lease that specifies a payment of £5,000 per month plus £8 per machine hour used is an
example of a
a. fixed cost.
b. variable cost.
c. step cost.
d. mixed cost.
ANS: D PTS: 1 REF: 2.5
Language: English
PUBLISHED BY
EDITORIAL STAFF
Associate Editors:
Advisory Board:
COLUMBUS, OHIO
Perennial Tumbleweeds 67
John H. Schaffner
PUBLISHED BY
John H. Schaffner.
Annual tumbleweeds,
Tumble-grasses,
Perennial tumbleweeds.
E. E. Masterman.
In 1898, I planted 1000 burs; 917 grew two plants to the bur.
In 1899, I planted 1000 burs; 921 grew two plants to the bur.
In 1900, I planted 1000 burs; 913 grew two plants to the bur.
Total three years, 3000 burs; 2751 grew two plants to the bur.
Of the remaining 249 burs some grew one plant, some none;
some had one, some had two apparently sound seeds. I regret that no
further notice was taken of these seeds. The only object was to
determine whether the two seeds could be made to grow at the same
time. An account of the work was sent to Professor Selby, asking
whether further experiment was necessary; he replied that he
thought not.
Perhaps it should be added that I selected only apparently sound
burs; soil was taken from a field near a creek where cockleburs grow
abundantly. It was passed through a ¼ inch-mesh wire sieve, and
carefully searched over with the aid of a glass. This soil was taken to
a distant part of the farm; in it the seeds were planted and nature did
the rest.
I also made observations as follows: I searched among
specimens growing for a mile along a creek, for two plants growing
together and not nearer than five inches to any other plant. Of the
1500 specimens examined each year for three years, two plants
always grew from one bur.
Why have I obtained such opposite results as compared with
Professor Arthur’s? Can it be referred to locality, soil, or some other
more favorable conditions?
The substance of the above was presented, December 27, 1900,
to the Ohio Academy of Science and it provoked a discussion in
which Professors Kellerman, Schaffner, Mosely and others
participated. Dr. Kellerman thought that the results of Arthur’s
experiments were perhaps more nearly in accord with what usually
takes place in nature. He pointed out the mistake of quoting or
saying that Arthur has shown “that only one of the seeds can be
caused to germinate the first year.” Turning to the printed report of
the experiments in question (Proc. 16th, An. Meeting Soc. Prom. Agr.
Sci., 1895), I find that, based on many experiments made previous to
1895, he gives the result in round numbers as follows: “Out of every
hundred ordinarily well formed cockleburs, seventy will produce one
seedling each, and five two seedlings each the first year after
maturity; the remaining twenty-five will for various reasons fail to
grow. Thirty of the hundred will produce seedlings the second year
after maturity, five will produce seedlings the third year after
maturity, and two or three seedlings will be produced in subsequent
years.”
Later experiments by Dr. Arthur seemed to show a lower
percentage of cases of the sprouting of both seeds to the bur in one
season. In the summary he states: “The germination of both seeds of
a bur of Xanthium in one season is exceptional.”
In view of the above and in accordance with the suggestions of
others I purpose continuing my experiments relative to this subject.
The following interesting statement is made by Dr. Arthur, in
the report cited, touching the cause of the difference in the action of
the two seeds; he says it “appears to be constitutional; a hereditary
character residing in the protoplasm of the embryo.”
New London, Ohio.
PLANT REMAINS FROM THE BAUM
VILLAGE SITE.
W. C. Mills.
Dr. V. Sterki.
In June of last year I took some Opuntia plants home, and also
some top joints heavily set with large buds. The former were planted
in the garden, the latter set in an Oleander tub. When, after a month,
none of the flower buds had opened, it was thought that they were
too many, as the joints bearing them were without roots, and most of
them were cut off and left lying on the ground, where a part of them
later on became partly or entirely covered with soil. In September, I
was surprised to find them all green and fresh; most of them had
rooted, and a few even sprouted, sending up shoots from half an inch
to over an inch high, being perfect little joints. At the present writing
(Jan. a. c.) all are alive, and, no doubt, will grow out to plants next
summer. They will be watched closely and further report be given.
It might be added that the Opuntia calyx-tube, which is later the
fruit, has “eyes,” that is buds, of the same character as the ordinary
buds of the plant, with clusters of bristles; and out of these the young
shoots grew, when the bud took root.
Evidently these buds retain more of the nature of the mother
plant than is common in flowers. It is unknown to me whether
similar observations have been made before. But it would be of
interest to make experiments with different plants. Would the
receptacles root and sprout if detached after flowering and
fertilization have taken place? Would the buds sprout when left in
situ on the mother plant, after the flowering parts had been removed,
the receptacle only left in place? Will the buds of other genera of
Cacteae, and other similar succulent plants behave in the same way,
under favorable conditions?
So-called viviparous plants are, as is well known, rather
common, e. g. among Gramineae, Cyperaceae, Polygoneae. But there
the actual flower parts develop into leaves, from which they had
originally been derived, and while yet remaining on the parent plant.
New Philadelphia, Ohio.
NOTE ON THE INVOLUCRAL LEAVES OF
SYNDESMON.
F. H. Burglehaus.
W. A. Kellerman.
W. A. Kellerman.