Acct 505 week 8 Study guides, Class notes & Summaries

ACCT 505 WEEK 8: FINAL EXAM GUIDE

ACCT 505 Final Exam 1. A good example of a common cost which normally could not be assigned to products on a segmented income statement except on an arbitrary basis would be: A) product advertising outlays. B) salary of a corporation president. C) direct materials. D) the product manager's salary. 2.Turnover is computed by dividing average operating assets into: A) invested capital. B) total assets. C) net operating income. D) sales. 3.A segment of a business responsible for both ...

NURS 6660 Midterm Exam 1 – Question and Answers Jack is a 3-year-old boy who is being evaluated for developmental delay. The mental status examination is significant for an inability to stack two blocks or draw a circle. The PMHNP also appreciates the inability to attend to any task for more than a few seconds. These findings indicate an abnormality in: During the mental status exam of Oliver, a 4-year-old child, the PMHNP appreciates that he appears to be having transient visual and auditory...

(TCO F) Sandler Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below……………….. (TCO C) Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000. The desired ending cash balance is $50,000. The company can borrow up to $100,000 at any time from a local bank, wi...

Acct 505 Discussion 12-1 What is a relevant cost? 12-2 Define the following terms: incremental cost, opportunity cost, and sunk cost. 12-3 Are variable costs always relevant costs? Explain. 12-4 “Sunk costs are easy to spot—they're the fixed costs associated with a decision.” Do you agree? Explain. 12-5 “Variable costs and differential costs mean the same thing.” Do you agree? Explain. 12-6 “All future costs are relevant in decision making.” Do you agree? Why? 12...

ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS 1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a : Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. : Chapter 2 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) : period cost. incremental cost. opportunity cost. None of the above : Chapte...

(TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. (TCO D) Globe Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers. You have been engaged by Globe to assist with an evaluation of whether the company should continue ...

(TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. (TCO D) Globe Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers. You have been engaged by Globe to assist with an evaluation of whether the company should continue ...

(TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. (TCO D) Globe Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers. You have been engaged by Globe to assist with an evaluation of whether the company should continue...

(TCO E) Preparing purchase orders is a(n) (Points : 5) 2. (TCO G) Given the following data, what would ROI be? Sales $70,000 Net operating income $10,000 Contribution margin $20,000 Average operating assets $50,000 Stockholder's equity $25,000 (Points : 5) 3. (TCO C) Heckaman Corporation produces and sells a single product. Data concerning that product appear below. Selling price per unit $115.00 Variable expense per unit $56.35 Fixed expense per month $299,115 Required: Determine the monthly b...