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1.
C.
D.
B.
Lower
D.
Indeterminate
1.
1.
is a mathematical method.
[i].
The controller of Jema Company has requested a
quick estimate of the manufacturing supplies that it needs for the
month of July when the expected production are 470,000 units.
Below are the actual data from the prior three months of
operations.
Production in
Manufacturing
units
supplies
March
450,000
P723,060
April
540,000
853,560
May
480,000
766,560
1.
A.
P 805,284
C.
P 755,196
B.
P1,188,756
D.
P 752,060
[ii].
Almond Company wishes to determine the fixed
portion of its maintenance expense (a semi-variable expense), as
measured against direct labor hours for the first Malayan three
months of the year. The inspection costs are fixed; however, the
adjustments necessitated by errors found during inspection
account for the variable portion of the maintenance costs.
Information for the first Malayan quarter is as follows:
Direct Labor
Maintenance
Hours
Costs
January
34,000
P61,000
February
31,000
58,500
March
34,000
61,000
1.
A.
P28,330
C.
P37,200
B.
P32,677
D.
P40,800
240,000 pounds
D.
210,000
pounds
1.
percent uncollectible
The sales on open account have been budgeted for the last six
months of 2007 are shown below:
July
P 60,000
August
70,000
September
80,000
October
90,000
November
100,000
December
85,000
1.
A.
P172,500
C.
P265,400
B.
P230,000
D.
P251,400
[v].
Harem Corporation consists of two divisions, Mining
and Builders. The Mining makes black steel, a product that can
be used in the product that the Builders division makes. Both
divisions are considered profit centers. The following data are
available concerning black steel and the two divisions:
Mining Builders
Average units produced
150,000
150,000
P2
P5
P75,000 P125,000
The Mining Division can sell all of its output outside the company
for P4 per unit. The Builders Division can buy the black steel
from other firms for P4. The Builders Division sells its product for
P12.
1.
A.
P2 per unit
C.
P7 per unit
B.
P4 per unit
D.
P9 per unit
1.
C.
D.
1.
D.
controllable
C.
differential cost.
actual cost.
D.
standard
cost.
1.
dual prices
D.
above
1.
market
all of the
A.
B.
buying division.
Assume that Steel Division has a product that can be sold either
to outside customers on an intermediate market or to Fabrication
Division of the same company for use in its production process.
The managers of the division are evaluated based on their
divisional profits.
Steel Division:
Capacity in
units
200,000
Number of units being sold on the intermediate
market
200,000
Selling price per unit on the intermediate
market
P90
13
Fabrication Division:
Number of units needed for
production
40,000
Purchase price per unit now being paid to an outside
supplier
P86
The appropriate transfer price should be:
A.
P90
C.
P70
B.
P87
D.
P86
1.
C.
P115
B.
D.
P120
P92
1.
P92
&am