ACCT 212 FINAL Exam Verified for 2025 | MC - PROF KOSS
(Liberty University)
what is not needed for a DL budget - Correct Answer ✅️☑️Material
pricer per pound of material
three most common tools of financial analysis - Correct
Answer ✅️☑️horizontal analysis, vertical analysis, ration analysis
what is a budget that is periodically revised and new periods
added to replace those that have lapsed - Correct
Answer ✅️☑️ rolling budget
✅️☑️working
current assets - current liabilities = - Correct Answer
capital
rate yields a net present value of zero for an investment - Correct
Answer ✅️☑️ internal rate of return
when calculating departmental overhead rate, numerators should
be - Correct Answer ✅️☑️
total estimated departmental overhead
cost
,what is the first step in calculating sales mix when resources are
constrained? - Correct Answer ✅️☑️ calculating cm per product,
then CM for machine hour
calculation of payback period when net cash flow is even (equal) -
Correct Answer ✅️☑️
cost of investment/annual net cash flow
cost that is unchanged in total despite changes in volume of
activity - Correct Answer✅️☑️fixed cost
what are methods to analyze past cost behavior - Correct
Answer ✅️☑️
high low, scatter diagram, regression
balanced scorecard requires managers to think of the company
from how many perspectives? - Correct Answer ✅️☑️
four
which of the following would be an investing activity on cash flow
- Correct Answer ✅️☑️purchase of equipment
department that generates cost without directly generating
revenue - Correct Answer ✅️☑️
cost center
investment center ROI formula - Correct Answer ✅️☑️income/avg
invested assets
, expenses not easily associated with a specific department are -
Correct Answer ✅️☑️indirect expense
time value of money concept - Correct Answer ✅️☑️a dollar today
is worth more than a dollar tomorrow
sales level at which company neither earns a profit nor incurs a
✅️☑️
loss is - Correct Answer break even point
beginning inventory plus purchases for a merchandiser equals -
Correct Answer ✅️☑️cost of goods available for sale
when companies sell more that 1 product, we estimate break even
point by using - Correct Answer ✅️☑️
composite units
analytical tech used to focus on most significant variances -
Correct Answer ✅️☑️ management by exception
which department is responsible for DM price variance - Correct
Answer ✅️☑️
purchasing
which of the following is most likely to be produced in process
operations system - Correct Answer ✅️☑️
cereal
(Liberty University)
what is not needed for a DL budget - Correct Answer ✅️☑️Material
pricer per pound of material
three most common tools of financial analysis - Correct
Answer ✅️☑️horizontal analysis, vertical analysis, ration analysis
what is a budget that is periodically revised and new periods
added to replace those that have lapsed - Correct
Answer ✅️☑️ rolling budget
✅️☑️working
current assets - current liabilities = - Correct Answer
capital
rate yields a net present value of zero for an investment - Correct
Answer ✅️☑️ internal rate of return
when calculating departmental overhead rate, numerators should
be - Correct Answer ✅️☑️
total estimated departmental overhead
cost
,what is the first step in calculating sales mix when resources are
constrained? - Correct Answer ✅️☑️ calculating cm per product,
then CM for machine hour
calculation of payback period when net cash flow is even (equal) -
Correct Answer ✅️☑️
cost of investment/annual net cash flow
cost that is unchanged in total despite changes in volume of
activity - Correct Answer✅️☑️fixed cost
what are methods to analyze past cost behavior - Correct
Answer ✅️☑️
high low, scatter diagram, regression
balanced scorecard requires managers to think of the company
from how many perspectives? - Correct Answer ✅️☑️
four
which of the following would be an investing activity on cash flow
- Correct Answer ✅️☑️purchase of equipment
department that generates cost without directly generating
revenue - Correct Answer ✅️☑️
cost center
investment center ROI formula - Correct Answer ✅️☑️income/avg
invested assets
, expenses not easily associated with a specific department are -
Correct Answer ✅️☑️indirect expense
time value of money concept - Correct Answer ✅️☑️a dollar today
is worth more than a dollar tomorrow
sales level at which company neither earns a profit nor incurs a
✅️☑️
loss is - Correct Answer break even point
beginning inventory plus purchases for a merchandiser equals -
Correct Answer ✅️☑️cost of goods available for sale
when companies sell more that 1 product, we estimate break even
point by using - Correct Answer ✅️☑️
composite units
analytical tech used to focus on most significant variances -
Correct Answer ✅️☑️ management by exception
which department is responsible for DM price variance - Correct
Answer ✅️☑️
purchasing
which of the following is most likely to be produced in process
operations system - Correct Answer ✅️☑️
cereal
