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Post University ACC 211 Final Exam (All Questions)

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Question;Question;1;Although depreciation is always a period cost in a;merchandising firm, it can be a product cost in a manufacturing firmQuestion;2;Even departmental overhead rates will not correctly;assign overhead costs in situations where a company has a range of;products that differ in volume, lot size, or complexity of production.Question;3;An increase in the number of units sold will decrease;the break-even point.Question;4;Fixed cost per unit increases as activity decreases and;decreases as activity increases.Question 5;The usual starting point in budgeting is to make a;forecast of cash receipts and cash disbursements.Question;6;Which of the following comparisons best isolates the;impact that changes in prices of inputs and outputs have on performance?Question;7;If the actual labor hours worked exceed the standard;labor hours allowed, what type of variance will occur?Question;8;Which of the following performance measures will decrease;if there is an increase in the accounts receivable?Question;9;Which of the following will not result in an increase;in return on investment (ROI), assuming other factors remain the same?Question;10;Lyons Company consists of two divisions, A and B. Lyons;Company reported a contribution margin of $50,000 for Division A, and had;a contribution margin ratio of 30% in Division B, when sales in Division B;were $200,000. Net operating income for the company was $25,000 and;traceable fixed expenses were $40,000. Lyons Company's common fixed;expenses were:Question;11;The PDQ Company makes collections on credit sales;according to the following schedule:Question;12;Misemer Corporation is developing standards for its;products. One product requires an input that is purchased for $57.00 per;kilogram from the supplier. By paying cash, the company gets a discount of;8% off this purchase price. Shipping costs from the supplier's warehouse;amount to $3.60 per kilogram. Receiving costs are $0.26 per kilogram. The;standard price per kilogram of this input should be:Question;13;Vodopich Corporation has provided the following;data from its activity-based costing system:Question;14;Green Company's costs for the month of August were as;follows: direct materials, $27,000, direct labor, $34,000, selling;$14,000, administrative, $12,000, and manufacturing overhead, $44,000. The;beginning work in process inventory was $16,000 and the ending work in;process inventory was $9,000. What was the cost of goods manufactured for;the month?Question;15;Placek Hospital bases its budgets on;patient-visits. The hospital's static budget for October appears below:Question;16;Carver Company produces a product which sells for $30.;Variable manufacturing costs are $15 per unit. Fixed manufacturing costs;are $5 per unit based on the current level of activity, and fixed selling;and administrative costs are $4 per unit. A selling commission of 10% of;the selling price is paid on each unit sold. The contribution margin per;unit is:Question;17;The following materials standards have been established;for a particular product:Question;18;What is the most important concept you have learned;from this course? Will you be able to use this in your current job or in;the future? How?

 

Paper#41489 | Written in 18-Jul-2015

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