ACCT 505

(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 final exam question & anSwer sample

(TCO E) Preparing purchase orders is a(n) (Points : 5) batch-level activity. product-level activity. unit-level activity. organization sustaining activity. 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) 28.6% 20.0% 40.0% 50.0% 3. (TCO C) Heckaman Co...

ACCT 505 Week 2 Quiz (Version 1) Page: 1 Question: (TCO B) Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted average method, the number of equivalent units of production with respect to conversion costs would be Question: (TCO B) Process costing would be appropriate for each of the following except Question: (TCO B) Luft Company uses the weighted-average method in its process cost...

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...

Hampton Company should consider making the cans in the company instead of purchasing them. This conclusion is supported by various analyses, including annual cash flows, payback period, annual rate of return, net present value, and internal rate of return. Following is the details of how these analyses support my conclusion:…………… Part 1: Cash Flows Over the Life of the Project Part-2: Payback Period Part 3: Simple Rate of Return Part-4: Net Present Value Part 5: Internal Rate of Retur...

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...

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...