1 / 11

ACCT 505Course Real Knowledge / acct505.com

For more course tutorials visit<br>www.acct505.com<br>ACCT 505 Week 1-7 All Discussion Questions<br> <br>ACCT 505 Week 1 Case Study<br> <br>ACCT 505 Week 2 Quiz Job Order and Process Costing Systems<br> <br>ACCT 505 Week 3 Case Study II<br> <br>ACCT 505 Week 4 Midterm Exam<br> <br>ACCT 505 Week 5 Measuring Performance - Course P

Download Presentation

ACCT 505Course Real Knowledge / acct505.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ACCT 505Course Real Knowledge / acct505.com The Best way to predict the Future is to create it.....To Best way.... www.acct505.com

  2. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Entire Course (Devry) For more course tutorials visit www.acct505.com ACCT 505 Week 1-7 All Discussion Questions ACCT 505 Week 1 Case Study ACCT 505 Week 2 Quiz Job Order and Process Costing Systems ACCT 505 Week 3 Case Study II ACCT 505 Week 4 Midterm Exam ACCT 505 Week 5 Measuring Performance - Course Project A ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions

  3. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 1 Case Study (Devry) For more course tutorials visit www.acct505.com Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed.Before the unfortunate incident, recovery specialists cleaned the buildings. The company controller is very nervous and anxious to recover whatever records he can to support the insurance claim for the destroyed inventory. After consulting with the cost accountant, t

  4. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 1-7 All Discussion Questions (Devry) For more course tutorials visit www.acct505.com Week 1DQ 1 Cost Terms, Classifications, and Behavior Week 1DQ 2 Research and Application Week 2DQ 1 Job Order and Process Costing Systems Week 2DQ 2 Research and Application Week 3DQ 1 Variable Costing and CVP Concepts Week 3DQ 2 Research and Application Week 4DQ 1 Budgeting Case Study Week 4DQ 2 Exam Review Week 5DQ 1 Standards, Variances, Flexible Budgets Week 5DQ 2 Research and Application Week 6DQ 1 Segment Reporting and Relevant Costs Week 6DQ 2 Research and Application Week 7DQ 1 Capital Budgeting Week 7DQ 2 Exam Review

  5. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 2 Quiz Job Order and Process Costing Systems (Devry) For more course tutorials visit www.acct505.com 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? 2. Question : (TCO F) Process costing would be appropriate for each of the following except: 3. Question : (TCO F) Lucas Company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the

  6. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 3 Case Study II (Devry) For more course tutorials visit www.acct505.com Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per month $3,150,000 What is the break-even point in passengers and revenues per month? What is the break-even point in number of passenger train cars per month? If Springfield Express raises its average passenger fare to $ 190, it is estimated that the average load factor will decrease to 60 percent

  7. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 4 Midterm Exam (Devry) For more course tutorials visit www.acct505.com 1.Question : (TCO A) Wages paid to an assembly line worker in a factory are a 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) 3. Question : (TCO A) Depreciation of office buildings and office equipment is also known as 4. Question : (?

  8. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 5 Measuring Performance - Course Project A (Devry) For more course tutorials visit www.acct505.com Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets: · 1. oa. A sales budget, by month and in total. ob. A schedule of expected cash collections from sales, by month and in total. oc. A merchandise purchases budget in units and in dollars. Show the budget by month and in total. od. A schedule of expected cash disbursements for merchandise purchases, by month and in total. · 2. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000. · 3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach. · 4. A budgeted balance sheet as of June 30.

  9. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions (Devry) For more course tutorials visit www.acct505.com 1.Question : (TCO D) Return on investment (ROI) is equal to the margin multiplied by 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? The decision to make or buy a needed part The desision to keep or drop a product line (A) Yes

  10. ACCT 505Course Real Knowledge / acct505.com ACCT 505 Week 7 Capital Budgeting Course Project (Devry) For more course tutorials visit www.acct505.com Here is Part B: Clark Paints: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchasing them. The equipment needed would cost $200,000 with a disposal value of $40,000 and would be able to produce 5,500,000 cans over the life of the machinery. The production department estimates that approximately 1,100,000 cans would be needed for each of the next five years. The company would hire three new employees. These three individuals would be full-time employees working 2,000 hours per year and earning $12.00 per hour. They would also receive the same benefits as other production employees, 18% of wages in addition to $2,500 of health benefits

  11. ACCT 505Course Real Knowledge / acct505.com The Best way to predict the Future is to create it.....To Best way.... www.acct505.com

More Related