Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your answer is partially correct. recognizing that

Your answer is partially correct. Recognizing that these were the only two pieces of data...

50.1K

Verified Solution

Question

Accounting

Your answer is partially correct. Recognizing that these were the only two pieces of data they had, which method of cost estimation did they likely use?
Susan
Gary
Susan and Gary met with the supervisor of the pizza division of a medium-sized Italian food supplier. The supervisor explained the two key costs in his division, as follows.
Although Susan and Gary used this data to estimate a model for the division's costs, they each came up with a different model, as follows.
Susan's cost model , Total pizza division cost =$3.90(number of pizzas)+$5,865
Gary's cost model Total pizza division cost =$5.60(number of pizzas)
What understanding did Susan have about the cost behavior of these costs?
MOH cost
Pizza cost
What understanding did Gary have about the cost behavior of these two costs?
MOH cost
Pizza cost
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discussion What type of retirement plan would you prefer and why (be specific), to Defined Benefit Plan...

Finance
Q

Discussed persuasive messages and how they are meant to convince an audience to act or change...

General Management
Q

Charge Q coulombs is uniformly distributed throughout the volume of a solid hemisphere of radius...

Physics
Q

f x 1 sin if x 0 if x 0 0 a Prove that 1...

Calculus
Q

1 Assuming that y is a positive integer evaluate the following expression log 1 A...

Algebra
Q

would like to have a one course meal with a single entree chosen from following...

Algebra
Q

How is materiality (or immateriality) related to the proper presentation of financial statements? What factors...

Accounting
Q

Jupiter Corp. provides at no extra charge a two-year warranty with one of its products,...

Accounting
Q

For each of the following organizational subunits, indicate the type of responsibility center that is...

Accounting
Q

Alex Corporation provides the following information for the year: \table[[,Division A],[Net sales,$500,000

Accounting
Q

Mr. and Mrs. Alvarez paid $130,000 for their home 30 years ago. They recently sold...

Accounting
Q

Using the operating Assumptions below, titled operating Assumptions the green boxes in the following 4...

Finance