ACCT346FinalExam

ACCT 346 DEVRY WEEK 8 FINAL EXAM

ACCT 346 DeVry Week 8 Final Exam

ACCT 346 DeVry Week 8 Final Exam (Version 1)

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Question 1.1. (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following, except: (Points : 5)

Question 2.2. (TCO 6) Which of the following is true about activity-based costing? (Points : 5)

Question 3.3. (TCO 2) In a traditional job order cost system, the issue of direct materials to a production department increases: (Points : 5)

Question 4.4. (TCO 5) A cost driver is defined as: (Points : 5)

Question 5.5. (TCO 8) Wood Co. has considerable excess manufacturing capacity. A special job order’s cost sheet includes the following applied manufacturing overhead costs: Fixed costs: 25,000…….Variable costs: 36,000…………The fixed costs include a normal $4,500 allocation for in-house design costs, although no in-house design will be done. Instead, the job will require the use of external designers costing $9,250. What is the total amount to be included in the calculation to determine the minimum acceptable price for the job? (Points : 5)

Question 6. 6. (TCO 1) How does managerial and financial accounting differ in terms of the amount of detail presented and nonmonetary and monetary information? (Points : 25)

Question 7. 7. (TCO 2) Wolf Co. estimates that its employees will work 500,000 direct labor hours during the coming year. Total overhead costs are estimated to be $9,600,000 and direct labor costs are estimated to be $12,500,000. Direct Labor hours are actually 450,000…………….If Wolf Co. allocates overhead based on direct labor HOURS, what is the predetermined overhead rate? (Points : 25)

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Question 1. 1. (TCO 3) The Mixing Department is the third department in the MZS Inc. factory. During January, there were 4,000 units of beginning inventory in check here the Mixing Department, and 90,000 units were transferred in from the prior process. There were 8,000 units in ending inventory. The transferred-in cost in the beginning inventory was $170,000 and there was $600,000 in transferred-in cost during the month……….What is the cost per equivalent unit for transferred-in cost? (Points : 25)

Question 2. 2. (TCO 4) Assume that we are manufacturing a product and assume that the sales price per unit is $60 and the variable cost is $20 per unit and the fixed cost is $80,000; a) how many units would we need to sell to break even? b) How many units would we need to sell to earn a profit of $120,000? c) How many units do we need to sell to double that profit to $240,000? D) Why didn’t the number of units double from Part B to Part C? (Points : 25)

Question 3. 3. (TCO 5) Sivan Co. manufactures and sells one product. For the year, they started with no opening inventory; produced 100,000 units, but only sold 70,000 units. The selling price per each unit is $60……………….(a) Prepare the Income Statement using Absorption Costing. (b) Prepare the Income Statement using Variable Costing. (Points : 25)

Question 4. 4. (TCO 6) At Long Co. electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours:……………..What is the a) estimated variable cost per machine hour and what is the b) estimated TOTAL fixed cost? (Points : 25)

Question 5. 5. (TCO 7) North Company produces a small part that it uses in the production of its Product H. The company’s unit product cost for the part, based on a production of 100,000 parts per year, is as follows:………………..100% of the traceable or avoidable fixed manufacturing cost is supervisor salaries and other costs that can be ELIMINATED if the parts are purchased. The decision to buy the parts from the outside supplier would have no effect on the common fixed costs of the company, read more and the space being used to produce the parts would otherwise be idle. Ignore the impact of income taxes in your calculation…….How much would profits increase or decrease as a result of purchasing the parts from the outside supplier rather than making them inside the company? (Points : 25)

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ACCT301 Week 5 Discussion

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY – DEVRY

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY – DEVRY

1. Incremental Analysis
What is incremental analysis? How is it used by management?
2. Relevant Costs
Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY – DEVRY

1. Incremental Analysis
What is incremental analysis? How is it used by management?
2. Relevant Costs
Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY – DEVRY

1. Incremental Analysis
What is incremental analysis? How is it used by management?
2. Relevant Costs
Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY – DEVRY

1. Incremental Analysis
What is incremental analysis? How is it used by management?
2. Relevant Costs
Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!

ACCT 301 WEEK 5 DISCUSSION; BUDGETS AND PRODUCTIVITY read more – DEVRY

1. Incremental Analysis
What is incremental analysis? How is it used by management?
2. Relevant Costs
Our lecture states that relevant costs can also be viewed as avoidable costs. What does this mean? This is a very difficult concept, so help your classmates understand it!



Tags: ACCT 301, ACCT 301 Week 5 Discussion, ACCT 301 Week 5 Discussion website Budgets and Productivity - DeVry, ACCT301, ACCT301 Week 5 Discussion, ACCT301 Week 5 Discussion Budgets and Productivity ACCT301 Week 5 Discussion Budgets and Productivity - DeVry - DeVry

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