BUS 302L Managerial Acc Exam
Questions and Answers 100% Pass
A company sells pretzels for $1.50/bag. Their February ending inventory was $1,600.
Marketing prepares the following forecast: January 15,000 bags
February 12,000 bags
March 16,000 bags
Total 43,000 bags
Projected sales for April are 13,000 bags. Try to maintain 10% of the next month's
forecasted sales in inventory. What is the projected for March? - ✔✔13,000*10%= 1,300
March: 16,000
Feb ending inv: (1,600)
=1,300+16,000-1,600 = 15,700
Same info as no 1. What is the sales budget for January? - ✔✔Jan: 15,000
Feb: 12,000*10%=1,200
16,200*1.50
=24,300
budgets are - ✔✔uses by individuals, staffs, managers department
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 1
, management accounting place more emphases on which of the following: - ✔✔future
activities
a listing of line item that the organization will use to classify its accounting information
is - ✔✔balance sheet
RABBIT - ✔✔$11.00
the brothers sell pretzels for $150 per bag, marketing prepares the following sales
forecast for the 1st quarter of the year - ✔✔(15,000+12,000+16,000=43,000
43,000*150= 6,450,000)
compute the fixed cost
DM: 100,000
DL: 150,000
OH: 75,000
Sales: 120,000 - ✔✔Fixed cost will be overhead 75,000
or none of the above
the primary purpose for carrying on "cost accounting activity" is - ✔✔to plan operation
NPV and IRR no true - ✔✔NPV alone can be used to compare investments of different
sizes
company z (long question) what is the fixed cost? - ✔✔20% of the sales revenue
The amount of overhead applied to a product or service is normally calculated by. -
✔✔divide estimate overhead by estimated units of the cost driver
comparing actual outcomes with budget outcomes, then following up, is an example of
- ✔✔operating activities
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 2
Questions and Answers 100% Pass
A company sells pretzels for $1.50/bag. Their February ending inventory was $1,600.
Marketing prepares the following forecast: January 15,000 bags
February 12,000 bags
March 16,000 bags
Total 43,000 bags
Projected sales for April are 13,000 bags. Try to maintain 10% of the next month's
forecasted sales in inventory. What is the projected for March? - ✔✔13,000*10%= 1,300
March: 16,000
Feb ending inv: (1,600)
=1,300+16,000-1,600 = 15,700
Same info as no 1. What is the sales budget for January? - ✔✔Jan: 15,000
Feb: 12,000*10%=1,200
16,200*1.50
=24,300
budgets are - ✔✔uses by individuals, staffs, managers department
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 1
, management accounting place more emphases on which of the following: - ✔✔future
activities
a listing of line item that the organization will use to classify its accounting information
is - ✔✔balance sheet
RABBIT - ✔✔$11.00
the brothers sell pretzels for $150 per bag, marketing prepares the following sales
forecast for the 1st quarter of the year - ✔✔(15,000+12,000+16,000=43,000
43,000*150= 6,450,000)
compute the fixed cost
DM: 100,000
DL: 150,000
OH: 75,000
Sales: 120,000 - ✔✔Fixed cost will be overhead 75,000
or none of the above
the primary purpose for carrying on "cost accounting activity" is - ✔✔to plan operation
NPV and IRR no true - ✔✔NPV alone can be used to compare investments of different
sizes
company z (long question) what is the fixed cost? - ✔✔20% of the sales revenue
The amount of overhead applied to a product or service is normally calculated by. -
✔✔divide estimate overhead by estimated units of the cost driver
comparing actual outcomes with budget outcomes, then following up, is an example of
- ✔✔operating activities
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 2
