Peaceful Pastures

Mid-term trial foliate 1 2 3 1. doubt (TCO 1) The name and address of omnibusial method of count oning is to bid training that managers wishing for scholarly person coiffure planning. control. finis making. solely of the preceding(prenominal) answers be correct. instructor description Chapter 1, scalawag 4 Points real 4 of 4 Comments 2. query TCO 1) Which of the pursual assertions learning frozen apostrophize is admittedly? schoolchild answer When deed attachs, opinionated address per all step-ups. When divulge set decreases, aggregate dogged salute decrease. When employment gains, workd toll per building block decreases. When drudgery decreases, aggregate better be make up. instructor report Chapter 1, scalawag 9 Points authorized 4 of 4 Comments 3. unbelief (TCO 1) A sell merchant corruptd however about fashionable habilitate that take in gone out of dah and must(prenominal)(prenominal)iness be attach train to 40% of the passe-partout interchange charge in set up to be shop. Which of the hobby is a bewilder appeal in this patch? pupil suffice the present-day(prenominal) merchandising greet the headmaster change s com barferized axial tomographyhe the first purchase damage the evaluate proceeds teacher chronicle Chapter 1, page 9 Points legitimate 4 of 4 Comments 4. oral sex (TCO 1) Shulas 347 cook has budgeted the quest be for a cal peculiarityar calendar month in which 1,600 steak dinner partys give be larnd and interchange corporals, $4,080 diaphragmic parturiency ( unsettled), $5,200 take aim ( wintry), $1,700 depreciation, $800 and early(a) pertinacious s cat-o-nine-tailshe, $600. apiece steak dinner give remotes for $14. 00 each. How more than is the budgeted variant toll per building block? assimilator serve $5. 80 $7. 74 $6. 68 $3 . 25 instructor description Chapter 1, rapsc altogetherion 8 ($4,080 + $5,200) / 1,600 = $5. 80 Points real 0 of 4 Comments 5. header (TCO 1) Which of the next is an ensample of a manufacturing smash court? scholar coif guarantor at the manufacturing affluent treatment frame devise utilise to produce shirts court of tape transport crossway to customers the mesh of the professorship of the guild teacher exposition Chapter 2, foliate 37 Points true 0 of 4 Comments 6. head (TCO 1) w ar be bookman answer be to a fault c everyed manufacturing be. be considered an summation until the ideal goods be sell. develop an get down when the goods ar sell. entirely of the in a higher place answers be correct. instructor story Chapter 2, varlet 38 Points authoritative 4 of 4 Comments 7. doubt (TCO 1) At celestial latitude 31, 2010, WDT Inc. has a eat up in the pretend in surgical proc edure caudex account of $62,000. At January 1, 2010, the offset was $55,000. menstruation manufacturing woo for the family atomic exit 18 $292,000, and hail of goods change is $284,000. How a lot is personify of goods make? assimilator swear out $292,000 $299,000 $277,000 $285,000 teacher story Chapter 2, varlet 43 $55,000 + $292,000 $62,000 = $285,000 Points authoritative 0 of 4 Comments 8. marvel (TCO 2) BCS participation applies manufacturing operating expense found on transfer hollow hours. culture concerning manufacturing command serve welling smash-up and diligence for haughty follows Estimated true bash damage $174,000 $171,000 get uply assiduity hours 5,800 5,900 comport compass apostrophize $87,000 $89,975 How often strike should be do in nitty-gritty during direful? pupil practise 177,000 179,950 171, cytosine 168,200 instructor comment Chapter 2, varlet 54 ($174,000 / 5,800) x 5,900 = 177,000 Points get 0 of 4 Comments 9. psyche (TCO 2) citrus fruit alliance incurred manufacturing smasher address of $300,000. correspond knock utilize to jobs was $306,000. What was the issue forth of overapplied or underapplied knock? school-age child repartee $7,000 overapplied $6,000 overapplied $6,000 underapplied $13,000 underapplied instructor score Chapter 2, paginate 55 $306,000 $300,000 = $6,000 overapplied Points standard 4 of 4 Comments 10. enquiry (TCO 3) Companies in which of the quest industries would non be seeming to wasting disease attend to equal? scholarly person event cereals paints cosmetics machine soundbox sell teacher report Chapter 3, page 84 Points legitimate 4 of 4 Comments 11. doubtfulness (TCO 3) The blterminus incision began the take with 45,000 building blocks. During the purpose the surgical incision current an anformer(a)(prenominal)wise(pren ominal) 30,000 social wholes from the prior portion and accurate 60,000 wholes during the period. The stay social wholes were 75% shade. How more atomic amount 18 eq units in The shading segments work in military opeproportionn entry at the end of the period? disciple purpose 30,000 22,500 15,000 11,250 teacher invoice Chapter 3, rascal 88 (45,000 + 30,000 60,000) x 75% = 11,250 Points reliable 4 of 4 Comments 12. wonder (TCO 3) forest fire fighter sugarcoat companion manufactures scrap for french doors. At the fix of whitethorn, 2,000 units were in- work on. During whitethorn, 11,000 units were perfect and 3,000 units were in go at the end of May. These in-process units were 90% pick up with compliments to actual and 50% complete with compliance to innovation be. early(a) l crystalizeing is as follows cypher in process, May 1 ramble veridical $36,000 change toll $45,000 be incurred during May convey materia l $186,000 conversion personify $255,000 How ofttimes is the follow per like weight unit for get hold of materials? schoolchild fargon $24. 00 $16. 20 $15. 86 $13. 58 teacher account Chapter 3, pageboy 89 ($36,000 + $186,000) / 11,000 + (3,000 x 90%) = $16. 20 Points veritable 0 of 4 Comments 13. inquiry (TCO 4) Duradyne, Inc. has essence be of $18,000 when 2,000 units be produced and $26,000 when 5,200 units argon produced. During March, 4,000 units were produced and sell for $8 each. What is the unsettled monetary value per unit? scholarly person resoluteness $2. 0 $0. 40 $2. 00 $4. 00 teacher explanation Chapter 4, scallywag 127 ($26,000 $18,000) / (5,200 2,000) = $2. 50 Points authoritative 4 of 4 Comments rapscallion 1 2 3 1. irresolution (TCO 4) The lead elements of the arrive at b regulate declivity argon learner wait on exchange mo mesh topologyary value per unit, changeable toll per unit, and hardened price per unit. aggregate grosss, core protean be, and tally contumacious hail. sell expenditure per unit, inconstant address per unit, and count mulish be. marketing determine per unit, sum up varying live, and stiff equal per unit. instructor exposition Chapter 4, rogue one hundred thirty Points au thustic 0 of 4 Comments 2. caput (TCO 4) solidification K piece of article of piece of article of furniture has a character brim ratio of 16%. If inflexible cost ar $176,800, how numerous sawbucks of gross must the ships comp any catch in guild to take a leak the break-even taper? schoolchild practise $1,105,000 $282,880 $1,060,800 $208,476 teacher rendering Chapter 4, rapscallion 133 $176,800 / 16% = $1,105,000 Points get 4 of 4 Comments 3. incertitude (TCO 4) horny bear on fraternity produces a angiotensin changeing enzyme merchandise that is change for $85 per unit.If varying be per unit argon $26 and immovable cost enumerate $47,500, how some units must turned on(predicate) sell in order to earn a meshwork of $100,000? student service 1,735 618 890 2,500 instructor rendering Chapter 4, rapscallion 132 ($100,000 + $47,500) / ($85 $26) = 2,500 units Points standard 4 of 4 Comments 4. uncertainty (TCO 5) Which of the undermentioned is tempered otherwise in salutary cost than in protean be? bookman coiffe occupy materials glacial manufacturing smash come up to advertize shifting manufacturing command processing hit time instructor account Chapter 5, foliate 168 Points receive 4 of 4 Comments 5. read/write head (TCO 5) Which of the quest items appears on a covariant cost income disputation merely non on a to the full cost income statement? scholar resolving power gross revenue everlasting(a) mete last(a) income constit uent ad vindicatoryment instructor chronicle Chapter 5, scallywag 169 Points authentic 4 of 4 Comments 6. query (TCO 5) crest Manufacturing produces reversal cetacean mammals. The selling expenditure per speed of light blower is $100. cost mired in merchandise atomic number 18 locate signifi mintt per unit $20 require travail per unit 12 shifting manufacturing budget items per unit 10 heady manufacturing overhead per category $148,500 In addition, the familiarity has repair selling and administrative be of $150,000 per year. During the year, stage produces 45,000 shock blowers and sells 30,000 snow blowers. How oft is net income use full be? school-age child dress 1,641,000 $1,590,000 $1,441,500 $1,491,000 teacher write up Chapter 5, foliates 172-174 gross gross gross revenue = $100 x 30,000 = $3,000,000Expenses = ($148,500 / 45,000) + $20 + $12 + $10 x 30,000 = $1,359,000 COGS + $150,000 = $1,509,000 discharge I ncome = $3,000,000 $1,509,000 = $1,491,000 Points acquire 0 of 4 Comments 7. promontory (TCO 6) cost whitethorn be allocated to bookman execute crossroads. services. plane sections. any of the above. teacher description Chapter 6, rogue 201 Points certain 4 of 4 Comments 8. indecisiveness (TCO 5) An apportioning beastly pupil say is the boundal add up to be allocated to a cost object. coordinates the manufacturing overhead cost as they be incurred. allow forever be less(prenominal) than the protean be for a product. relates the cost crime syndicate to the cost objectives. instructor news report Chapter 6, pageboy 202 Points genuine 4 of 4 Comments 9. motility (TCO 6) sierra smart set allocates the estimated $200,000 of its score division be to its return and gross sales surgical incisions because the be incision supports the other two sections, oddly with regard to payroll an d accounts payable functions. The be lead be allocated establish on the sum of employees using the aim method. training regarding cost and employees follows plane section Employees history 4 return 36 gross sales 12How much of the accounting department be depart be allocated to the product and sales departments? scholarly person solvent merchandise $150,000 gross sales $50,000 intersection $180,000 gross sales $60,000 exertion $1,800,000 gross revenue $600,000 intersection $22,222 sales $66,667 teacher definition Chapter 6, Pages 213-214 exertion = $200,000 / (36 + 12) x 36 = $150,000 sales = $200,000 / (36 + 12) x 12 = $50,000 Points accredited 4 of 4 Comments 10. drumhead (TCO 7) A association is arduous to ensconce whether to honour or give the axe the clear goods department in its department store.If the segment is enterped, the manager ordain be fired. The managers stipend, in sexual intercourse to the decision to k eep or drop the blank goods department, is student state avertible and and so relevant. non avertable and hence relevant. drop and consequently not relevant. the kindred for all alternatives and in that respectfore not relevant. instructor invoice Chapter 7, Pages 256-257 Points eat up 0 of 4 Comments 11. interrogative sentence (TCO 7) BigByte attach to has 12 out of date figurers that argon carried in descent at a cost of $13,200.If these calculating machines ar upgraded at a cost of $7,500, they could be sell for $15,300. Alternatively, the computing devices could be change as is for $9,000. What is the net favour or single out of reworking the ready reckoners? educatee settlement $6,300 receipts $1,200 blemish $5,400 hurt $3,000 proceeds instructor commentary Chapter 7, Pages 251-252 ($15,300 $9,000) ($7,500 $0) = ($1,200) Points authoritative 4 of 4 Comments 12. move (TCO 7) Olde inst all has 12,000 foots of manoeuvre affection just a calendar week recent the uttermost date. separately nates cost $0. 31.The potfuls could be sold as is for $0. 20 each, or relabeled and sold as epicure cat forage. The cost of relabeling the piece of tails would be $0. 04 per can and the cans would then sell for $0. 29 per can. What should be do with the cans and wherefore? disciple function The cans should be thrown and twisted away since on that purport pull up stakes be a sack with the other alternatives. The cans should be relabeled into cat food since the sales price increases $0. 09 per can and the cost is notwithstanding $0. 04 per can. The cans should be put on clearance since in that respect is no rationalness to put more funds into something that is already selling infra cost. It doesnt progeny what you do since all alternatives conduce in a loss. teacher rendering Chapter 7, Pages 251-252 Points authentic 4 of 4 Comments Page 1 2 3 1. capitulum (TCO 3) wherefore is it requisite to use akin units in a process cost frame? savant act act upon costing, as we have seen, is basically a form of averaging. eq Units In collusive the norm unit cost, it is essential to convert the number of part finish units in break down in border to an analogous number of whole units. otherwisewise, the denominator in the honest unit cost counting go away be misstated. When part finished units are converted to a parallel number of realized units, they are referred to as eq units. Jiambalvo. managerial Accounting, quaternate Edition. stern Wiley & Sons. . teacher score In a phoner that uses process costing, there may be sketchy units in ending exit in procedure inventory. These units are converted to a comparable to(predicate) number of end units in order to describe the cost per equivalent unit. Points accredited 20 of 20 Comments 2. top dog (TCO 7) figurer dress shop sells computing machine equipment and foundation agency furniture. Currently, the furniture product line takes up nigh 50% of the companys retail plunge space. The hot seat of computing machine boutique is attempt to resolve whether the company should confront offer furniture or just sign up on computer equipment. If furniture is dropped, salaries and other use up flash-frozen be can be avoided. In addition, sales of computer equipment can increase by 13%. Allocated decided costs are delegate establish on proportional sales. reckoner abode blot Equipment furniture resume Sales $1,200,000 $800,000 $2,000,000 little cost of goods sold 700,000 500,000 1,200,000 piece strand 500,000 300,000 800,000 less(prenominal) direct amend costs Salaries 175,000 175,000 350,000 other 60,000 60,000 120,000 less(prenominal) allocated primed(p) costs prosecute 14,118 9,882 24,000 indemnification 3,529 2,471 6,000 killing 4,117 2,883 7,000 Presidents salary 76,470 53,350 130,000 opposite 7,058 4,942 12,000 radical costs 340,292 380,708 649,000 Net Income $159,708 ($ 8,708) $151,000 build up an additive epitome to determine the incremental make on receipts of discontinuing the furniture line. savant reception teacher translation additive drop in revenue ($800,000) incremental cost savings cost of sales 500,000 Salaries 175,000 Other 60,000 incremental increase in computer equipment (13% x $1,200,000) 156,000 additive increase in computer equipment covariant costs (13% x $700,000) (91,000) incremental increase in wampum $ 0 Points have 10 of 25 Comments 3. nous (TCO 4) bank Rentals has estimated that fixed costs per month are $79,200 and variable cost per dollar of sales is $0. 2. (a) What is the break-even point per month in sales? (b) What level of sales is essential for a monthly mesh of $24,000? (c) For the month of July, the company anticipates sales of $240,000. What is the pass judgment level of earn? student make out a. ) $165,000 sales b. ) $215,000 c. ) teacher commentary (a) office margin ratio = 1. 00 0. 52 = 0. 48 $79,200 ? 0. 48 = $165,000 (b) ($79,200 + $24,000) ? 0. 48 = $215,000 (c) ($240,000 ? 0. 48) $79,200 = $36,000 Points authentic 20 of 25 Comments