ACCT 212 FINAL MC - PROF KOSS (Liberty University) Exam Questions and Answers | 100% Pass

ACCT 212 FINAL MC - PROF KOSS (Liberty University) Exam Questions and Answers | 100% Pass what is not needed for a DL budget - Answer-Material pricer per pound of material three most common tools of financial analysis - Answer-horizontal analysis, vertical analysis, ration analysis what is a budget that is periodically revised and new periods added to replace those that have lapsed - Answer-rolling budget current assets - current liabilities = - Answer-working capital rate yields a net present value of zero for an investment - Answer-internal rate of return when calculating departmental overhead rate, numerators should be - Answer-total estimated departmental overhead cost what is the first step in calculating sales mix when resources are constrained? - Answer-calculating cm per product, then CM for machine hour calculation of payback period when net cash flow is even (equal) - Answer-cost of investment/annual net cash flow cost that is unchanged in total despite changes in volume of activity - Answer-fixed cost EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISH SEPTEMBER 2024 Page 2/10 what are methods to analyze past cost behavior - Answer-high low, scatter diagram, regression balanced scorecard requires managers to think of the company from how many perspectives? - Answer-four which of the following would be an investing activity on cash flow - Answer-purchase of equipment department that generates cost without directly generating revenue - Answer-cost center investment center ROI formula - Answer-income/avg invested assets expenses not easily associated with a specific department are - Answer-indirect expense time value of money concept - Answer-a dollar today is worth more than a dollar tomorrow sales level at which company neither earns a profit nor incurs a loss is - Answer-break even point beginning inventory plus purchases for a merchandiser equals - Answer-cost of goods available for sale when companies sell more that 1 product, we estimate break even point by using - Answer- composite units analytical tech used to focus on most significant variances - Answer-management by exception which department is responsible for DM price variance - Answer-purchasing which of the following is most likely to be produced in process operations system - Answer-cereal type of budget based on single prediction sales volume - Answer-fixed budget example of DL cost is - Answer-product assembly wages EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISH SEPTEMBER 2024 Page 3/10 rent and maintenance would most likely be allocated based on - Answer-square feet or floor spaces occupied by each department which of the following costs is not included in factory OH - Answer-DM ability to generate future revenue and meet longterm obligations - Answer-solvency costs already incurred in manufacturing units that don't meet quality - Answer-sunk costs from an ABC perspective, what causes costs to be incurred - Answer-activities a company's required rate of return, typically cost of capital is