Acct 505 week 2 quiz 1 Study guides, Class notes & Summaries
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ACCT 505 WEEK 2 QUIZ 1
- Exam (elaborations) • 7 pages • 2024
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1. TCO F) Computing unit product costs involves averaging in: 
 
Job-Order Costing	Process Costing 
A	Yes	No 
B	Yes	Yes 
C	No	Yes 
D	No	No 
(Points : 5) 
 
Choice A. 
 	 
Choice C. Choice D. 
2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: 
 
 
Units	Percent Complete with respect 
to Conversion 
Beginning work in process inventory	11,000	90% 
Started in production durin...
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ACCT 505 WEEK 2 QUIZ 1
- Exam (elaborations) • 5 pages • 2024
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ACCT 505 WEEK 2 QUIZ 1 
1. TCO F) Computing unit product costs involves averaging in: 
Job-Order Costing Process Costing 
A Yes No 
B Yes Yes 
C No Yes 
D No No 
(Points : 5) 
 Choice A. 
 Choice B. 
 Choice C. 
 Choice D. 
2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating 
data for the first processing department for the month of June appear below: 
Units Percent Complete with respect 
to Conversion 
Beginning work in process inventory 11,000 9...
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ACCT 505 QUIZ 1 WEEK 2
- Exam (elaborations) • 9 pages • 2024
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ACCT 505 QUIZ 1 WEEK 2 
1. Question : (TCO F) For which situation(s) below would an organization be more 
likely to use a job-order costing system of accumulating product costs 
rather than a process costing system? 
Student Answer: A steel factory that processes iron ore into steel bars 
A factory that processes sugar and other ingredients into black 
licorice 
A costume maker that makes specialty costumes for figure skaters 
All of these 
Instructor 
Explanation: 
Chapter 3 
Points Receive...
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ACCT 505 WEEK 6 QUIZ-2
- Exam (elaborations) • 9 pages • 2024
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ACCT 505 WEEK 6 QUIZ-2 
Grade Details - All Questions 
 
 1. Question : 	(TCO D) A company that has a profit can 
 	increase its return on investment by 
 Student Answer: 
increasing sales revenue and operating 
 	expenses by the same dollar amount. 
 
increasing average operating assets and 
 	operating expenses by the same dollar amount. 
 
increasing sales revenue and operating 
 	expenses by the same percentage. 
 decreasing average operating assets and 
sales by the s...
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ACCT 505 WEEK 6 QUIZ-2
- Exam (elaborations) • 8 pages • 2024
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- $11.39
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ACCT 505 WEEK 6 QUIZ-2 
Grade Details - All Questions 
 
1.	Question :		(TCO D) A company that has a profit can 
increase its return on investment by 
Student Answer:		increasing sales revenue and operating expenses by the same dollar amount. 
			increasing average operating assets and operating expenses by the same dollar amount. 
		 
 	increasing sales revenue and operating expenses by the same percentage. 
			decreasing average operating assets and sales by the same percentage. 
Instructor Ex...
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ACCT 505 WEEK 6 QUIZ-2
- Exam (elaborations) • 8 pages • 2022
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ACCT 505 WEEK 6 QUIZ-2 
Grade Details - All Questions 
1. Question : 
Student Answer: 
(TCO D) A company that has a profit can 
increase its return on investment by 
increasing sales revenue and operating 
expenses by the same dollar amount. 
increasing average operating assets and 
operating expenses by the same dollar amount. 
increasing sales revenue and operating 
expenses by the same percentage. 
Instructor 
Explanation: 
Points 
Received: 
decreasing average operating assets and 
sales by ...
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ACCT 505 WEEK 6 QUIZ-2
- Exam (elaborations) • 8 pages • 2024
-
- $9.98
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ACCT 505 WEEK 6 QUIZ-2 
Grade Details - All Questions 
1. Question : (TCO D) A company that has a profit can 
increase its return on investment by 
Student Answer: 
increasing sales revenue and operating 
expenses by the same dollar amount. 
increasing average operating assets and 
operating expenses by the same dollar amount. 
increasing sales revenue and operating 
expenses by the same percentage. 
decreasing average operating assets and 
sales by the same percentage. 
Instructor 
E...
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ACCT 505 WEEK 2 QUIZ 1
- Exam (elaborations) • 7 pages • 2024
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- $10.09
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1. TCO F) Computing unit product costs involves averaging in: 
 
Job-Order Costing	Process Costing 
A	Yes	No 
B	Yes	Yes 
C	No	Yes 
D	No	No 
(Points : 5) 
 
Choice A. 
 	 
Choice C. Choice D. 
2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: 
 
 
Units	Percent Complete with respect 
to Conversion 
Beginning work in process inventory	11,000	90% 
Started in production durin...
-
ACCT 505 QUIZ 1 WEEK 2.
- Exam (elaborations) • 9 pages • 2021
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- $7.49
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ACCT 505 QUIZ 1 WEEK 2.
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ACCT 505 WEEK 2 QUIZ 1
- Exam (elaborations) • 5 pages • 2022
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- $15.99
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ACCT 505 WEEK 2 QUIZ 1 
1. TCO F) Computing unit product costs involves averaging in: 
A 
B 
C 
D 
Job-Order Costing 
Yes 
Yes 
No 
No 
Process Costing 
No 
Yes 
Yes 
No 
(Points : 5) 
Choice A. 
Choice B. 
Choice C. 
Choice D. 
(TCO F) Luft Company uses the weighted-average method in its process costing system. Operating 
data for the first processing department for the month of June appear below: 
2. 
Units 
Beginning work in process inventory 
Started in production during June 
Ending work in...