Acct505 Study guides, Class notes & Summaries

(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...

Page 1 (TCO A) Direct material cost is a part of: (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n): (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? (TCO F) Emco Company uses direct labor cost as a basis for computing its ...

Page: 1 (TCO A) The variable portion of advertising costs is a (TCO A) The costs of staffing and operating the accounting department at Central Hospital ……..to be (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n): (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect ………. ? (TCO F) Which of the following statements is true? I. Overhead applicatio...

age 1 Question (TCO E) Complying with regulations is a(n) (Points : 5) Question (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 Page 2 Question (TCO C) Madlem, Inc., produces and sells a single product whose selling price is $120.00 per unit and whose variable expense is $46.20 per unit. The company’s fixed expense is $405,900 per month.Required: Determine the monthly brea...

Page: 1 Question : (TCO A) The variable portion of advertising costs is a Question : (TCO A) Total fixed costs Question : (TCO A) Depreciation of office buildings and office equipment ……… as Question : (TCO C) Within the relevant range, variable costs ……….. to Question : (TCO B) Emco Company uses direct labor cost as a basis for computing its predetermined overhead rate. In computing the predetermined overhead rate for last year, the company included in direct labor cost a portion o...

Indirect labor is a part of Prime cost and conversion cost share what common element of total cost? On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table? Page 2 Overapplied overhead means that Departmental overhead rates are generally preferred to plant-wide overhead rates when Discretionary fixed costs An example of a committ...

ACCT 505 Week 6 Quiz (Version 1) Question: (TCO D) Return on investment (ROI) is equal to the margin multiplied by Question: (TCO D) For which of the following decisions are opportunity costs relevant? The decision to make or buy a needed part The decision to keep or drop a product line Question: (TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What wa...