User Homework Solutions

ACCT 304 Final Exam 100 Correct Answers ACTIVITY BASED COSTING If a predetermined overhead rate is not employed and the volume of production is increased over the level planned the cost per unit would be expected to A Decrease for fixed costs and remain unchanged for variable costs B Remain unchanged for fixed costs and increase for variable costs C Decrease for fixed costs and increase for variable costs D Increase for fixed cos

Other / Other allied-american-university / ACCT 304 06 Nov 2015

ACCT 344 Week 8 Final Exam Page 1 Question 11 TCO 2 Which cost is NOT a period cost Points 5 Question 2 2 TCO 2 Which product would use job-order costing Points 5 Question 3 3 TCO 3 As production occurs materials direct labor and applied manufacturing overhead are recorded in Points 5 Question 4 4 TCO 8 A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages Carrying costs average 5000 per day A c

Other / Other University of Phoenix / ACCT 344 06 Nov 2015

ACCT 346 Week 8 Final Exam Page 1 1 TCO 1 A difference between actual costs and planned costs Points 4 2 TCO 1 Which of the following is not likely to be a fixed cost Points 4 3 TCO 2 Which of the following is not a manufacturing cost Points 4 4 TCO 2 A job-order costing system is likely used by a Points 4 5 TCO 3 Equivalent units are calculated by Points 4 6 TCO 3 The Freedom Corporations painting department had a beginning inventory of 5

Other / Other Academy of Art University / ACCT 346 06 Nov 2015

ACCT 505 Week 8 Final Exam Version 1 TCO A Wages paid to the factory maintenance supervisor are considered an example of Points 5 TCO A Rent on a manufacturing plant is an element of Points 5 TCO B Evergreen Corp. has provided the following data Points 5 TCO B Garth Company sells a single product If the selling price per unit and the variable expense per unit both increase by 10 and fixed expenses do not change then Points 5 TCO E Rebel Com

Other / Other University of Phoenix / ACCT 505 06 Nov 2015

ACCT 505 Week 8 Final Exam Version 2 A good example of a common cost which normally could not be assigned to products on a segmented income statement except on an arbitrary basis would be Turnover is computed by dividing average operating assets into A segment of a business responsible for both revenues and expenses would be called All other things being equal if a divisions traceable fixed expenses increase In computing the margin in a ROI

Other / Other allied-american-university / ACCT 505 06 Nov 2015

ACCT 505 Week 8 Final Exam - Set 3 Problem The gross margin of Evans Retail Stores, Inc. for the first quarteris The contribution margin of Evans Retail Stores Inc for the first quarteris The contribution margin of Evans Retail Stores, Inc. for the first quarter is The total contribution margin decreases if sales volume remains the same and A company has provided the following data Wallace Inc prepared the following budgeted data based on

Other / Other allied-american-university / ACCT 505 06 Nov 2015

ACCT 557 Final Exam 1 TCO A Benny Building Inc won a bid for a new warehouse building contract Below is information from the project accountant. Total Construction Fixed Price 25000000 Construction Start Date June 132012 Construction Complete Date December 16 2013 As of Dec. 31 2012 2013 Actual cost incurred 11500000 8360000 Estimated remaining costs 8250000 Billed to customer 9000000 16000000 Received from customer 7500000 165000

Other / Other University of Phoenix / ACCT 557 06 Nov 2015

ACCT 567 Final Exam 1 TCO A On what should the government wide financial statements report Points 5 Net position and results of the financial operations of the government as a whole Budgetary Compliance The cost of government services Fiscal accountability 2 TCO B According to GASB standards when should transfers be recognized Points 5 When earned When collected in cash When authorized by the budget ordinance In the period the interfund

Other / Other allied-american-university / ACCT 567 06 Nov 2015

BIS 155 Final Exam 1 TCO 1 You work for a local construction firm DeVry Engineering Group and your supervisor wants to test your knowledge and skills with Microsoft Excel and has instructed you to develop a spreadsheet to calculate weekly payroll for 15 employees with the following assumptions Each employee could have a standard hourly rate between 1000 and 3000 per hour Each employee qualifies to earn overtime at a rate of 1 5 of his or her

Other / Other allied-american-university / BIS 155 06 Nov 2015

GM 588 Week 2 Project Proposal

Other / Other allied-american-university / GM 588 06 Nov 2015