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ACCT 434 DEVRY learning Guidance / tutorialrank

For more course tutorials visit<br>www.tutorialrank.com<br>1.Question :<br>(TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified?<br>2.Question :<br>(TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs?<br>3.Question :<br>(TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data?<br>4.Question :<br>(TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20X8 operations: Sales (2,000 televisions) $900,000; Cost of goods sold $400,000; Store manager's salary per year $70,000; Operating costs per year $157,000; Advertising and promotion per year $15,000; Commissions (4% of sales) $36,000. What are the estimated total costs if Penny's expects to sell 3,000 units next year?<br>5.Question :<br>(TCO 4) The formal process of choosing among alternatives is known as a(n)<br>6.Question :<br>(TCO 4) When using the five-step decision process, which one of the following steps should be done last?<br>7.Question :<br>(TCO 4) Sunk costs<br>8.Question :<br>(TCO 4) Northwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $90 per table, consisting of 80% variable costs and 20% fixed costs. The company has surplus capacity available. It is Northwoods' policy to add a 50% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Northwoods is invited to submit a bid to the hotel chain. What is the lowest price per unit Northwoods should bid on this long-term order?<br>9.Question :<br>(TCO 5) Throughput contribution equals revenues minus<br>10.Question :<br>(TCO 5) A machine has been identified as a bottleneck and the source of the constraint for a manufacturing company that has multiple products and multiple machines. One way the company can overcome the bottleneck is

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ACCT 434 DEVRY learning Guidance / tutorialrank

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  1. For more course tutorials visit www.tutorialrank.com ACCT 434 DEVRY Course Tutorial

  2. ACCT 434 Week 1-7 All ACCT 434 Week 1 Quiz ACCT 434 DEVRY Course Tutorial Week 1 DQ1 ABC Journey Week 1 DQ2 Workout Room Week 2 DQ1 Flexible versus Static Budgets Week 2 DQ2 Workout Room Week 3 DQ1 Relevant Costs Week 3 DQ2 Workout Room Week 4 DQ1 Accounting for Primary Products Week 4 DQ2 Workout Room Week 5 DQ1 Pricing Decision Week 5 DQ2 Workout Room Week 6 DQ1 Evaluating Managers Week 6 DQ2 Workout Room Week 7 DQ1 Quality and Performance Week 7 DQ2 Workout Room 1.Question : (TCO 1) The average cost data are for In-Sync Fixtures Company's (a retailer) only two product lines, Marblette and Italian Marble. Marblette Italian Marble Purchase volume 20,000 1,000 Purchase cost per unit $50 $250 Shipments received 12 12 Hours used per shipment * 5 3 * These data were accumulated after a careful activity analysis. Currently, In-Sync Fixtures uses a traditional costing system with indirect costs allocated using purchased cost of goods as a basis. In-Sync Fixtures is considering refining the allocation of its receiving costs of $40,000

  3. ACCT 434 DEVRY Course Tutorial ACCT 434 Entire Course Advanced Cost Management ACCT 434 Week 2 Master • ACCT 434 Week 1-7 All Discussion Questions • ACCT-434 Week 1 Quiz Activity Based Costing • ACCT-434 Week 2 Master Budget Flexible Budgets • ACCT-434 Week 3 Cost Behavior Decision Making Quality • ACCT-434 Week 4 Midterm Exam • ACCT-434 Week 5 Pricing Decisions Management Control Systems • ACCT-434 Week 6 Customer Profitability Capital Budgeting • ACCT-434 Week 7 Quality Control Inventory Management • 1.Question : • (TCO 2) Operating budgets and financial budgets • 2.Question : • (TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget. • 3.Question : • (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet? • 4.Question : • (TCO 2) A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be computed at the start of that period. This feature of standard costing makes it possible to

  4. ACCT 434 DEVRY Course Tutorial ACCT 434 Week 3 Cost Behavior Decision Making ACCT 434 Week 4 Midterm • 1.Question : • (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? • 2.Question : • (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? • 3.Question : • (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? • 1.Question : • (TCO1) ABC systems create • 2.Question : • (TCO 1) Merriamn Company provides the following ABC costing information: • Activities • Total Costs • Activity-cost drivers • Account inquiry hours • $400,000 • 10,000 hours • Account billing lines • $280,000 • 4,000,000 lines • Account verification accounts

  5. ACCT 434 DEVRY Course Tutorial ACCT 434 Week 5 Pricing Decisions Management ACCT 434 Week 6 • 1.Question : • (TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of • 2.Question : • (TCO 7) The first step in implementing target pricing and target costing is • 3.Question : • (TCO 7) The markup percentage is usually higher if the cost base used is • 4.Question : • (TCO 7) An understanding of life-cycle costs can lead to • 5.Question : • (TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. • 1.Question : • (TCO 9) To guide cost allocation decisions, the benefits-received criterion • 2.Question : • (TCO 9) A challenge to using cost-benefit criteria for allocating costs is that • 3.Question : • (TCO 9) The MOST likely reason for NOT allocating corporate costs to divisions include that • 4.Question : • (TCO 9)Identifying homogeneous cost pools

  6. ACCT 434 DEVRY Course Tutorial ACCT 434 Week 7 Quality Control Inventory • 1.Question : • (TCO 11)The four cost categories in a cost of quality program are • 2.Question : • (TCO 11) ________ is a formal means of distinguishing between random and nonrandom variation in an operating process. • 3.Question : • (TCO 11) Which of the following is NOT one of the steps in managing bottlenecks under the theory of constraints? • 4.Question : • (TCO 11)Scrap is an example of

  7. For more course tutorials visit www.tutorialrank.com ACCT 434 DEVRY Course Tutorial

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