ACC 561 Final Exam Guide 2018

1. The investigation of materials price variance usually begins in the: controller’s office. accounts payable department. first production department. purchasing department 2. Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? 35% 25% 75% 65% 3. Which of...

1. The investigation of materials price variance usually begins in the: controller’s office. accounts payable department. first production department. purchasing department 2. Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? 35% 25% 75% 65% 3. Which of...

1. The investigation of materials price variance usually begins in the: controller’s office. accounts payable department. first production department. purchasing department 2. Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? 35% 25% 75% 65% 3. Which of...