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ACC/561 ACC 561 Week 6 WileyPLUS Practice Quiz




;;Description / Instructions: Complete the Week 6 WileyPLUS Practice Quiz.;Question 1;A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to;provide relevant revenue and cost data about each course of action.;decide which actions that management should consider.;determine the amount of money that should be spent on a project.;assign responsibility for the decision.;Question 2;In incremental analysis;only costs are analyzed.;only revenues are analyzed.;both costs and revenues may be analyzed.;both costs and revenues that stay the same between alternate courses of action will be analyzed.;Question 3;Incremental analysis is most useful;in developing relevant information for management decisions.;in evaluating the master budget.;as a replacement technique for variance analysis.;in choosing between the net present value method and the internal rate of return method.;Question 4;It costs Ross Co. $24 of variable and $10 of fixed costs to produce one bathroom scale which normally sells for $70. A foreign wholesaler offers to purchase 2,000 scales at $30 each. Ross would incur special shipping costs of $2 per scale if the order were accepted. Ross has sufficient unused capacity to produce the 2,000 scales. If the special order is accepted, what will be the effect on net income?


Paper#81543 | Written in 18-Jul-2015

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