DEVRY ACCT 346 Week 8 Final Exam
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http://www.acct346assignment.co m Question : (TCO 1) The principle managers follow when they only investigate significant departures from the plan is commonly known as 2.Question : (TCO 1) Which of the following is not likely to be a fixed cost? 3.Question : (TCO 2) Which of the following is not a manufacturing cost? 4.Question : (TCO 2) An allocation base is 5.Question : (TCO 3) Equivalent units are calculated by 6.Question : (TCO 3) In the assembly department, all the direct materials are added at the beginning of the processing. Beginning Work in Process inventory consists of 2,000 units with a direct materials cost of $31,860. During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit? 7.Question : (TCO 4) Regression analysis
8.Question : (TCO 4) The number of units that must be sold to exactly cover its fixed and variable costs is the 9.Question : (TCO 5) Which of the following is treated as a product cost in variable costing? 10.Question : (TCO 5) If the number of units sold is less than the number of units produced 11.Question : (TCO 6) A contract which specifies that the suppler will be paid for the cost of production as well as some fixed amount or percentage of cost is called a(n) 12.Question : (TCO 6) Which of the following is not generally true when a company compares ABC and traditional costing? 13.Question : (TCO 7) Fixed costs that will be eliminated if a particular course of action is undertaken are called Page: 1.Question : (TCO 7) Common costs 2.Question : (TCO 8) Target costing 3.Question : (TCO 8) Which of the following are relevant in deciding whether to accept or reject a special order? 4.Question : (TCO 9) Present value techniques 5.Question : (TCO 9) The internal rate of return 6.Question : (TCO 10) A method of budget preparation that requires all budgeted amounts to be justified by the department, even if the amounts were supported in prior periods, is called 7.Question : (TCO 10) Which budget is prepared first? 8.Question : (TCO 10) The standard cost is 9.Question : (TCO 10) In general, an unfavorable material variance arises from 10.Question : (TCO 10) The type of center that has responsibility for generating revenue as well as controlling costs is a(n) 11.Question : (TCO 10) Responsibility accounting holds managers responsible for 12. Question : (TCO 10) Which ratio measures the rate earned on total capital provided by the owners? Page: 1.Question : (TCO 1) Distinguish managerial accounting from financial accounting. Include a brief discussion of the differences in the types of information provided to users as well as the differences of the users of the accounting information.
2.Question : (TCO 6) Booth Financial Services, LLC has two revenue producing departments, Financial Planning and Business Consulting. The accounting department is trying to determine the best method to allocate $1,000,000 of common costs (secretarial staff, reception personnel, etc), either by salary or number of employees. Information on the revenue departments are as follows: