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##### Devry ACCT346 final exam

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Question;Page 1;Question 1. 1. (TCO 1) How does managerial and financial;accounting differ in terms of the amount of detail presented and nonmonetary;and monetary information? (Points: 15);Question 2. 2. (TCO 2) What is an indirect labor cost? What is an example of an indirect labor;cost? (Points: 15);Question 3. 3. (TCO 3) What is the difference between job;order and process costing? (Points: 15);Question 4. 4. (TCO 4);What is a variable cost? What is;an example of a variable cost? (Points: 15);Page 2;Question 1. 1. (TCO 5);What is variable costing? How;does it differ from full costing? (Points: 15);Question 2. 2. (TCO 6) What is the third step in the cost;allocation process? Give an example of;this step. (Points: 15);Question 3. 3. (TCO 7) What is a differential cost? What is an example of one? (Points: 15);Question 4. 4. (TCO 8) What is activity-based pricing? How is the price determined? (Points: 15);age 3;Question 1. 1. (TCO 6) Describe the pros and cons of;ABC. Do you think that ABC is beneficial;for a company to use? Why or why not? (Points: 30);Question 2. 2. (TCO 7) Products Alpha and Beta are joint;products. The joint production cost of the products is \$800. Alpha has a market;value of \$400 at the split-off point. If Alpha is further processed at an;additional cost of \$600, its market value is \$1,400. Product Beta has a market;value of \$1,200 at the split-off point. If Product Beta is further processed at;an additional cost of \$300, its market value is \$1,400. Using the relative;sales value method, calculate the joint product cost that would be allocated to;Alpha and Beta. How do you know if one;of the products should be further processed? (Points: 30);Question 3. 3. (TCO 8) A company must incur annual fixed;costs of \$1,000,000 and variable costs of \$200 per unit and estimates that it;can sell 10,000 pumps annually and marks up cost by 30 percent. Using cost-plus pricing, what is the cost per;unit and the price? What are advantages and disadvantages of cost-plus pricing?;(Points: 30);age 4;Question 1. 1. (TCO 9) A project will require an initial;investment of \$400,000 and will return \$100,000 each year for six years. If;taxes are ignored and the required rate of return is 9%, what is the project's;net present value? Based on this analysis, should the company proceed with the;project? (Points: 30);Question 2. 2. (TCO 10) Why does a company perform ratio;analysis? What are the profitability;ratios? Describe the formula for one;profitability ratio and explain how to interpret the ratio? (Points: 30)

Paper#39818 | Written in 18-Jul-2015

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