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  • ACCT 344 Week 8 Final Exam

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    ACCT 344 Week 8 Final Exam Purchase here https://sellfy.com/p/A8E4 Product Description Page 1 Question 1.1 (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 $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) Question 5.5. (TCO 8) Which is a value-added activity? (Points : 5) Question 6.6. (TCO 1) The break-even point is (Points : 5) Question 7.7. (TCO 1) The Kringel Company provides the following information. Sales (200,000 units) $500,000 Manufacturing costs Variable $170,000 Fixed $30,000 Selling and administrative costs Variable $80,000 Fixed $20,000 Which is the break-even point in units for Kringel? (Points : 5) Question 8.8. (TCO 7) Which would be the most appropriate base for allocating the costs of the maintenance department? (Points : 5) Question 9.9. (TCO 7) Yo Department Store incurred $8,000 of indirect advertising costs for its operations. The following data have been collected for 2013 for its three departments……….How much of the indirect advertising costs will be allocated to the Cosmetics Department if newspaper ad space is the activity driver?(Points : 5) Question 10.10. (TCO 5) Which best describes zero-base budgeting? (Points : 5) Question 11.11. (TCO 5) Bug Company manufactures buggies. Manufacturing a buggy takes 20 units of wood and 1 unit of steel. Scheduled production of buggies for the next 2 months is 500 and 600 units, respectively. Beginning inventory is 4,000 units of wood and 30 units of steel. The ending inventory of wood is planned to decrease 500 units in each of the next 2 months, and the steel inventory is expected to increase 5 units in each of the next 2 months. How many units of wood are expected to be used in production during the second month? (Points : 5) Question 12.12. (TCO 4) Which statement is true? (Points : 5) Question 13.13. (TCO 6) Using more highly skilled direct laborers might affect which variance? (Points : 5) Question 14.14. (TCO 6) Which equation measures the total budget variance? (Points : 5)…………(TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month. Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Page 2 Question 1.1. (TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month……Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Question 2.2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and B, from a joint process. A single production costs $5,000 and results in 200 units of A and 800 units of B. To be ready for sale, both products must be processed further, incurring seperable costs of $3 per unit for A and $4 per unit for B. The market price for Product A is $15 and for Product B is $10…..Required: Allocate joint production costs to each product using the net realizable value method. (Points : 30) Question 3.3. (TCO 6) Santa Inc. manufactures toys based on the following information……....Required: Compute the following variances (show calculations). a. Materials usage varianc

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    ACCT 344 Week 8 Final Exam Purchase here https://sellfy.com/p/A8E4 Product Description Page 1 Question 1.1 (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 $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) Question 5.5. (TCO 8) Which is a value-added activity? (Points : 5) Question 6.6. (TCO 1) The break-even point is (Points : 5) Question 7.7. (TCO 1) The Kringel Company provides the following information. Sales (200,000 units) $500,000 Manufacturing costs Variable $170,000 Fixed $30,000 Selling and administrative costs Variable $80,000 Fixed $20,000 Which is the break-even point in units for Kringel? (Points : 5) Question 8.8. (TCO 7) Which would be the most appropriate base for allocating the costs of the maintenance department? (Points : 5) Question 9.9. (TCO 7) Yo Department Store incurred $8,000 of indirect advertising costs for its operations. The following data have been collected for 2013 for its three departments……….How much of the indirect advertising costs will be allocated to the Cosmetics Department if newspaper ad space is the activity driver?(Points : 5) Question 10.10. (TCO 5) Which best describes zero-base budgeting? (Points : 5) Question 11.11. (TCO 5) Bug Company manufactures buggies. Manufacturing a buggy takes 20 units of wood and 1 unit of steel. Scheduled production of buggies for the next 2 months is 500 and 600 units, respectively. Beginning inventory is 4,000 units of wood and 30 units of steel. The ending inventory of wood is planned to decrease 500 units in each of the next 2 months, and the steel inventory is expected to increase 5 units in each of the next 2 months. How many units of wood are expected to be used in production during the second month? (Points : 5) Question 12.12. (TCO 4) Which statement is true? (Points : 5) Question 13.13. (TCO 6) Using more highly skilled direct laborers might affect which variance? (Points : 5) Question 14.14. (TCO 6) Which equation measures the total budget variance? (Points : 5)…………(TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month. Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Page 2 Question 1.1. (TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month……Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Question 2.2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and B, from a joint process. A single production costs $5,000 and results in 200 units of A and 800 units of B. To be ready for sale, both products must be processed further, incurring seperable costs of $3 per unit for A and $4 per unit for B. The market price for Product A is $15 and for Product B is $10…..Required: Allocate joint production costs to each product using the net realizable value method. (Points : 30) Question 3.3. (TCO 6) Santa Inc. manufactures toys based on the following information……....Required: Compute the following variances (show calculations). a. Materials usage varianc

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    22 просмотров8 страниц

    ACCT 344 Week 8 Final Exam

    Загружено:

    Berthahrobinson
    ACCT 344 Week 8 Final Exam Purchase here https://sellfy.com/p/A8E4 Product Description Page 1 Question 1.1 (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 $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) Question 5.5. (TCO 8) Which is a value-added activity? (Points : 5) Question 6.6. (TCO 1) The break-even point is (Points : 5) Question 7.7. (TCO 1) The Kringel Company provides the following information. Sales (200,000 units) $500,000 Manufacturing costs Variable $170,000 Fixed $30,000 Selling and administrative costs Variable $80,000 Fixed $20,000 Which is the break-even point in units for Kringel? (Points : 5) Question 8.8. (TCO 7) Which would be the most appropriate base for allocating the costs of the maintenance department? (Points : 5) Question 9.9. (TCO 7) Yo Department Store incurred $8,000 of indirect advertising costs for its operations. The following data have been collected for 2013 for its three departments……….How much of the indirect advertising costs will be allocated to the Cosmetics Department if newspaper ad space is the activity driver?(Points : 5) Question 10.10. (TCO 5) Which best describes zero-base budgeting? (Points : 5) Question 11.11. (TCO 5) Bug Company manufactures buggies. Manufacturing a buggy takes 20 units of wood and 1 unit of steel. Scheduled production of buggies for the next 2 months is 500 and 600 units, respectively. Beginning inventory is 4,000 units of wood and 30 units of steel. The ending inventory of wood is planned to decrease 500 units in each of the next 2 months, and the steel inventory is expected to increase 5 units in each of the next 2 months. How many units of wood are expected to be used in production during the second month? (Points : 5) Question 12.12. (TCO 4) Which statement is true? (Points : 5) Question 13.13. (TCO 6) Using more highly skilled direct laborers might affect which variance? (Points : 5) Question 14.14. (TCO 6) Which equation measures the total budget variance? (Points : 5)…………(TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month. Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Page 2 Question 1.1. (TCO 1) George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month……Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points : 30) Question 2.2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and B, from a joint process. A single production costs $5,000 and results in 200 units of A and 800 units of B. To be ready for sale, both products must be processed further, incurring seperable costs of $3 per unit for A and $4 per unit for B. The market price for Product A is $15 and for Product B is $10…..Required: Allocate joint production costs to each product using the net realizable value method. (Points : 30) Question 3.3. (TCO 6) Santa Inc. manufactures toys based on the following information……....Required: Compute the following variances (show calculations). a. Materials usage varianc

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    из 8

    ACCT 344 Week 8 Final Exam

    Purchase here

    https://sellfy.com/p/A8E4

    Product Description

    Page 1
    Question 1.1 (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 $5,000 per day. A competitor keeps 30
    days of inventory on hand, and the competitor's
    carrying costs average $2,000 per day. The valueadded costs are (Points : 5)
    Question 5.5. (TCO 8) Which is a value-added
    activity? (Points : 5)
    Question 6.6. (TCO 1) The break-even point is
    (Points : 5)
    Question 7.7. (TCO 1) The Kringel Company
    provides the following information. Sales (200,000
    units) $500,000 Manufacturing costs Variable

    $170,000 Fixed $30,000 Selling and


    administrative costs Variable $80,000 Fixed
    $20,000 Which is the break-even point in units for
    Kringel? (Points : 5)
    Question 8.8. (TCO 7) Which would be the most
    appropriate base for allocating the costs of the
    maintenance department? (Points : 5)
    Question 9.9. (TCO 7) Yo Department Store
    incurred $8,000 of indirect advertising costs for its
    operations. The following data have been
    collected for 2013 for its three
    departments.How much of the indirect
    advertising costs will be allocated to the
    Cosmetics Department if newspaper ad space is
    the activity driver?(Points : 5)
    Question 10.10. (TCO 5) Which best describes
    zero-base budgeting? (Points : 5)
    Question 11.11. (TCO 5) Bug Company

    manufactures buggies. Manufacturing a buggy


    takes 20 units of wood and 1 unit of steel.
    Scheduled production of buggies for the next 2
    months is 500 and 600 units, respectively.
    Beginning inventory is 4,000 units of wood and 30
    units of steel. The ending inventory of wood is
    planned to decrease 500 units in each of the next
    2 months, and the steel inventory is expected to
    increase 5 units in each of the next 2 months.
    How many units of wood are expected to be used
    in production during the second month? (Points :
    5)
    Question 12.12. (TCO 4) Which statement is
    true? (Points : 5)
    Question 13.13. (TCO 6) Using more highly
    skilled direct laborers might affect which variance?
    (Points : 5)
    Question 14.14. (TCO 6) Which equation

    measures the total budget variance? (Points : 5)


    (TCO 1) George Corporation has an
    estimated monthly sales of 12,000 units for $80
    per unit. Variable costs include manufacturing
    costs of $50 and distribution costs of $20. Fixed
    costs are $60,000 per month. Required:
    Determine each of the following values. a. Unit
    contribution margin b. Monthly break-even unit
    sales volume Create a contribution margin-based
    income statement. (Points : 30)
    Page 2
    Question 1.1. (TCO 1) George Corporation has
    an estimated monthly sales of 12,000 units for
    $80 per unit. Variable costs include manufacturing
    costs of $50 and distribution costs of $20. Fixed
    costs are $60,000 per monthRequired:
    Determine each of the following values. a. Unit

    contribution margin b. Monthly break-even unit


    sales volume Create a contribution margin-based
    income statement. (Points : 30)
    Question 2.2. (TCO 7) Darling Manufacturing Inc.
    manufactures two products, A and B, from a joint
    process. A single production costs $5,000 and
    results in 200 units of A and 800 units of B. To be
    ready for sale, both products must be processed
    further, incurring seperable costs of $3 per unit for
    A and $4 per unit for B. The market price for
    Product A is $15 and for Product B is
    $10..Required: Allocate joint production costs to
    each product using the net realizable value
    method. (Points : 30)
    Question 3.3. (TCO 6) Santa Inc. manufactures
    toys based on the following
    information....Required: Compute the
    following variances (show calculations). a.

    Materials usage variance b. Labor rate variance


    -c. Fixed overhead budget variance (Points : 30)
    Question 4.4. (TCO 4) Toshi Company incurred
    the following costs in manufacturing desk
    During the period, the company produced and
    sold 1,000 units. a. What is the inventory cost per
    unit using absorption costing? b. What is the
    inventory cost per unit using variable costing?
    (Points : 30)
    Question 5.5. (TCO 8) Musical Instruments
    Company manufactures two products (trumpets
    and trombones). Overhead costs ($175,000) have
    been divided into three cost pools that use the
    following activity drivers..........Required (show all
    calculations) a. What is the allocation rate for
    trumpets per setup using activity-based costing?
    b. What is the allocation rate for trumpets per
    machine hours using activity-based costing? c.

    What is the allocation rate for trumpets per


    packing order using activity-based costing?
    (Points : 30)
    Question 6.6. (TCO 5) The Baxter Corporation
    has the following budgeted and actual results
    Required: Prepare a performance report for all
    costs, showing flexible budget variances (indicate
    F or U).

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