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ACCT 349 Week 2 Quiz Latest
ACCT 349 Week 2 Quiz Latest
Question 1. (TCO 6)
Homogeneity is used to
develop cost pools in which the costs have the same or similar cost-allocation base.
develop cost pools of similar amounts for allocation purposes.
develop cost pools based on similarity of origination costs to be allocated.
develop costs pools only for activity-based costing.
Question 2. (TCO 6)
In a customer cost hierarchy, the costs of a sales visit made to a customer is
a customer output unit-level cost.
a customer batch-level cost.
a customer-sustaining cost.
a distribution-channel cost.
Question 3. (TCO 5)
Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and
actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX.
Budgeted Data Actual Data
Tuna ChikBits ChezNips Tuna ChikBits ChezNips
Bags 7,200 4,800 4,000 10,800 3,600 7,200
CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50
Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000
Total Contribution Margin $57,200 $86,400
According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of
specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that
the total number of bags of cat treats sold for December 200X in Southfield was 72,000.
The sales-mix variance for December 20XX for Natural Nutrients Bakery is
Question 4. (TCO 6)
The following data are for Kershaw Company for the last month.
Budgeted direct labor mix at budgeted prices for actual output produced the following.
3,825 skilled hours at $16 per hour
1,275 unskilled hours at $12 per hour
5,100 total hours
4,000 skilled hours at $19 per hour
1,000 unskilled hours at $9 per hour
The direct labor yield variance for both types of labor together is
Question 5. (TCO 6)
The following data are for Uriah Corp. for the first quarter of the current fiscal year.
Actual Results Static Budget
Product X 15,000 40,000
Product Y 65,000 60,000
Total 80,000 100,000
Contribution margin per unit:
Product X $4 $5
Product Y $3 $2
The sales-mix variance for both products together is