Manufacturing costs totaled $99,000. What amount should Hoyt debit to finished goods?

ACC 576 Week 10 Quiz (All Possible Questions)

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ACC 576 Week 10 Quiz (All Possible Questions)

ACC 576 Week ten Report

1. Wages earned past machine operators in producing the firm's product should be categorized as
2. Which of the following is assigned to appurtenances that were either purchased or manufactured for resale?
3. In a traditional task guild cost organization, the issue of indirect materials to a production department increases
4. The accountant for Champion Brake, Inc. applies overhead based on automobile hours. The approaching overhead and automobile hours for the year are $260,000 and 16,000, respectively. The bodily overhead and machine hours incurred were $275,000 and 20,000. The cost of goods sold and inventory data compiled for the year is every bit follows: Directly Materials $ 50,000, COGS 450,000, WIP (units)         100,000, Finished Appurtenances (units) 150,000. What is the amount of over/under practical overhead for the year?
5. If a production required a bully deal of electricity to produce, and crude oil prices increased, which of the post-obit costs virtually probable increased?
6. Fab Co. articles textiles. Amid Fab's 2004 manufacturing costs were the following salaries and wages:  Loom operators  $120,000, Factory foremen 45,000, Auto mechanics thirty,000. What was the corporeality of Fab's 2004 direct labor?
7. In a process cost system, the application of factory overhead usually would be recorded as an increase in
8. Jonathan Mfg. adopted a job-costing organisation. For the current yr, approaching cost driver action levels for directly labor hours and direct labor costs were 20,000 and $100,000, respectively. In improver, budgeted variable and fixed factory overheads were $50,000 and $25,000, respectively. The actual costs and hours for the twelvemonth were every bit follows: Direct labor hours 21,000, Straight labor costs $110,000, Machine hours 35,000. For a detail job, 1,500 direct labor hours were used. Using straight labor hours equally the cost commuter, what amount of overhead should be applied to this chore?
9. Indirect labor is a
10. Hoyt Co. manufactured the following units: Saleable 5,000, Unsalable (normal spoilage)      200, Unsalable (abnormal spoilage) 300, the manufacturing cost totaled $99,000. What corporeality should Hoyt debit to finished goods?
11. In the past, 4 directly labor hours were required to produce each unit of measurement of product Y. Textile costs were $200 per unit, the straight labor rate was $20 per hour, and manufactory overhead was three times the straight labor cost. In budgeting for next year, management is planning to outsource some manufacturing activities and to farther automate others. Management estimates that these plans will reduce labor hours by 25%, increment the factory overhead charge per unit to 3.6 times the direct labor costs, and increment material costs past $thirty per unit. Management plans to manufacture x,000 units. What amount should management budget for the cost of goods manufactured?
12. During the month of March 2005, Nale Co. used $300,000 of direct materials. On March 31, 2005, Nale'southward directly materials inventory was $50,000 more it was on March 1, 2005. Directly material purchases during the month of March 2005 amounted to
13. Based on the post-obit data, what is the gross profit for the company? Sales $ane,000,000, Cyberspace purchases of raw materials 600,000, Price of appurtenances manufactured 800,000, Marketing and administrative expenses 250,000, Indirect manufacturing costs 500,000.
14. On January one Maples had two jobs in procedure: #506 with assigned costs of $ten,500 and #507 with assigned costs of $xiv,250. During January three new jobs, #508 through #510, were started and three jobs, #506, #507, and #508, were completed. Materials and labor costs added during January were as follows: Manufacturing overhead is assigned at the rate of 200 pct of labor. What is the January cost of goods manufactured and transferred from piece of work-in-process?
15. In June, Delta Co. experienced scrap, normal spoilage, and abnormal spoilage in its manufacturing process. The cost of units produced includes
16. In its April 2005 production, Hern Corp., which does not use a standard cost arrangement, incurred total production costs of $900,000, of which Hern attributed $60,000 to normal spoilage and $30,000 to abnormal spoilage. Hern should account for this spoilage as
17. Mat Co. estimated its fabric handling costs at ii activity levels as follows:  What is Mat's estimated toll for handling 75,000 kilos?
18. When using a flexible budget, a subtract in production levels within a relevant range
19. A delivery company is implementing a system to compare the costs of purchasing and operating different vehicles in its fleet. Truck 415 is driven 125,000 miles per twelvemonth at a variable cost of $0.thirteen per mile. Truck 415 has a capacity of 28,000 pounds and delivers 250 full loads per year. What amount is the truck'southward commitment price per pound?
20. Sender, Inc. estimates parcel mailing costs using the data shown on the chart below.  What is Sender's estimated cost for mailing 12,000 parcels?
21. When production levels are expected to increase within a relevant range, and a flexible upkeep is used, what outcome would be anticipated with respect to each of the following costs?
22. Day Mail service Society Co. practical the high-depression method of cost estimation to customer gild data for the first 4 months of 2005. What is the estimated variable order filling cost component per order?
23. When product levels are expected to turn down inside a relevant range, and a flexible budget is used, what outcome would be anticipated with respect to each of the following?
24. In an activeness-based costing system, toll reduction is achieved by identifying and eliminating
25. Volume Co. uses the activeness-based costing approach for cost allocation and product costing purposes. Press, cut, and binding functions make upward the manufacturing process. Machinery and equipment are arranged in operating cells that produce a complete production starting with raw materials. Which of the following are feature of Book's activity-based costing approach? I. Price drivers are used as a basis for cost allotment. Ii. Costs are accumulated by department or function for the purposes of product costing. 3. Activities that do not add value to the production are identified and reduced to the extent possible.
26. What is the normal effect on the numbers of cost pools and allocation bases when an activity-based cost (ABC) system replaces a traditional cost system?
27. In an activity-based costing arrangement, what should exist used to assign a department'southward manufacturing overhead costs to products produced in varying lot sizes?
28. Gram Co. develops calculator programs to run across customers' special requirements. How should Gram categorize payments to employees who develop these programs?
29. Where 1 part of an organization provides an essential business organization process where previously it had been provided past multiple parts of that same organization, this is called
30. Which of the following items oft provides a significant risk with off-shore operations?
31. A manufacturing company has several product lines. Traditionally, it has allocated manufacturing overhead costs between product lines based on full automobile hours for each production line. Nether a new activity-based costing system, which of the following overhead costs would be most likely to have a new cost driver assigned to it?
32. Nile Co.'s cost resource allotment and product costing procedures follow action-based costing principles. Activities accept been identified and classified as being either value-calculation or nonvalue-adding as to each product. Which of the following activities, used in Nile's production process, is nonvalue-adding?
33. Which of the following items is a procedure direction approach that involves radical change?
34. In an income argument prepared every bit an internal report using the directly (variable) costing method, stock-still selling and administrative expenses would
35. The absorption costing method includes in piece of work in process and finished goods inventories:
36. In an income statement prepared as an internal report using the direct (variable) costing method, stock-still selling and administrative expenses would
37. Cay Co.'s 2005 stock-still manufacturing overhead costs totaled $100,000, and variable selling costs totaled $80,000. Under direct costing, how should these costs be classified?
38. Using the variable costing method, which of the post-obit costs are assigned to inventory?
39. A manufacturing company prepares income statements using both absorption and variable costing methods. At the finish of a period, actual sales revenues, full gross profit, and total contribution margin approximated budgeted figures, whereas income was substantially greater than the budgeted corporeality. There was no beginning or ending inventories. The most probable explanation of the income increase is that, compared to budget, actual
40. Which of the following statements is correct regarding the difference between the absorption costing and variable costing methods?
41. A manufacturing company prepares income statements using both absorption and variable costing methods. At the end of a menstruum, actual sales revenues, total gross profit, and full contribution margin approximated the approaching figures, whereas income was essentially beneath the budgeted amount. In that location was no beginning or catastrophe inventories. The most likely explanation for the income shortfall is that, compared to budget, actual
42. A single-product visitor prepares income statements using both absorption and variable costing methods. Manufacturing overhead cost applied per unit produced in 2005 was the same as in 2004. The 2005 variable costing statement reported a turn a profit, whereas the 2005 absorption costing statement reported a loss. The difference in reported income could be explained by the units produced in 2005 being
43. At the end of Killo Co.'s first year of operations, 1,000 units of inventory remained on mitt. Variable and fixed manufacturing costs per unit were $90 and $xx, respectively. If Killo uses absorption costing rather than direct (variable) costing, the event would be a college pretax income of
44. Lynn Manufacturing Co. prepares income statements using both standard absorption and standard variable costing methods. For 2005, unit standard costs were unchanged from 2004. In 2005, the only kickoff and catastrophe inventories were finished goods of 5,000 units. How would Lynn's ratios using absorption costing compare with those using variable costing?
45. A directly labor overtime premium should be charged to a specific job when the overtime is acquired by the
46. In a job toll arrangement, manufacturing overhead is
47. Birk Co. uses a job order cost system. The following debits (credits) appeared in Birk's work in process account for the month of April 2005: Birk applies overhead to production at a predetermined rate of 80% of the direct labor toll. Job No. 5, the merely chore still in procedure on April xxx, 2005, was charged with direct labor of $2,000. What was the amount of direct materials charged to Task No. five?
48. A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed cost. At the stop of the year, nether practical overhead might be explained past which of the following situations?
49. A standard cost system may be used in
50. During the current year, the following manufacturing activeness took identify for a company's products: Beginning work in process: 10,000 units, 70% complete, Units started into production during the year: 150,000 units, Units completed during the year: 140,000 units, Ending work in process: xx,000 units, 25% complete. What was the number of equivalent units produced using the first-in, first-out method?
51. Yarn Co.'due south inventories in process were at the following stages of completion on April 30, 2004:
52. The forming department is the first of a two-stage production process. Spoilage is identified when the units have completed the forming process. The costs of spoiled units are assigned to units completed and transferred to the 2nd department in the period when spoilage is identified. The following information concerns forming'south conversion costs in May 2005: Using the weighted boilerplate method, what was forming's conversion cost transferred to the second product department?
53. Weighted average and first in, starting time out (FIFO) equivalent units would be the same in a menstruation when which of the following occurs?
54. In computing the current catamenia'due south manufacturing cost per equivalent unit, the FIFO method of procedure costing considers current period costs
55. Black, Inc. employs a weighted average method in its process costing system. Blackness'southward work in process inventory on June 30 consists of xl,000 units. These units are 100% consummate with respect to materials and threescore% complete with respect to conversion costs. The equivalent unit costs are $5.00 for materials and $7.00 for conversion costs. What is the total cost of the June 30 work in procedure inventory?
56. A procedure costing system was used for a department that began operations in January 2005. Approximately the same number of physical units, at the same caste of completion, were in work in process at the end of both January and February. Monthly conversion costs are allocated between ending work in process and units completed. Compared to the FIFO method, would the weighted average method use the same or a greater number of equivalent units to summate the monthly allocations?
57. In procedure 2, material 1000 is added when a batch is sixty% complete. Ending work in process units, which are 50% consummate, would be included in the ciphering of equivalent units for
58. The following information pertains to Lap Co.'southward Palo Partitioning for the month of Apr: All materials are added at the beginning of the process. Using the weighted boilerplate method, the toll per equivalent unit for materials is
59. Which of the following is not a basic arroyo to allocating costs for costing inventory in articulation-cost situations?
60. Kode Co. manufactures a major production that gives ascent to a by-product called May. May's only separable toll is a $ane selling cost when a unit is sold for $4. Kode accounts for May's sales by deducting the $3 net amount from the toll of goods sold of the major product. There are no inventories. If Kode were to change its method of accounting for May from a by-product to a joint product, what would exist the upshot on Kode'due south overall gross margin?
61. Mighty, Inc. processes chickens for distribution to major grocery bondage. The ii major products resulting from the product process are white breast meat and legs. Articulation costs of $600,000 are incurred during standard production runs each month, which produce a total of 100,000 pounds of white breast meat and 50,000 pounds of legs. Each pound of white chest meat sells for $2 and each pound of legs sells for $1. If in that location are no further processing costs incurred afterwards the split-off point, what corporeality of the articulation costs would be allocated to the white breast meat on a net realizable value basis?
62. Mig Co., which began operations in 2003, produces gasoline and a gasoline past-product. The following information is available pertaining to 2003 sales and product: Mig accounts for the by-product at the time of production. What are Mig'southward 2003 price of sales for gasoline and the by-product?
63. LM Enterprises produces two products in a common production process, each of which is processed farther after the split-off betoken. Joint costs incurred for the current month are $36,000. The following information for the current month was. What amount would be the articulation cost allocated to product M, bold that LM Enterprises uses the estimated net realizable value method to allocate costs?
64. A company manufactures two products, Ten and Y, through a articulation process. The joint (common) costs incurred are $500,000 for a standard production run that generates 240,000 gallons of 10 and 160,000 gallons of Y. X sells for $iv.00 per gallon, while Y sells for $vi.50 per gallon. If there are no additional processing costs incurred after the split-off point, what is the amount of joint cost for each production run allocated to X on a physical-quantity basis?
65. The following information pertains to a past-product called Moy:  The inventory of Moy was recorded at net realizable value when produced in 2004 and cyberspace proceeds from the sale were used to reduce joint costs. No units of Moy were produced in 2005. What corporeality should exist recognized as profit on Moy's 2005 sales?
66. Johnson Co., distributor of candles, has reported the following budget assumptions for year 1: No change in candles inventory level; cash disbursement to candle manufacturer, $300,000; target accounts payable ending residue for year 1 is 150% of accounts payable beginning remainder; and sales price is set at a markup of 20% of candle purchase toll. The candle manufacturer is Johnson's only vendor, and all purchases are fabricated on credit. The accounts payable has a balance of $100,000 at the beginning of year 1. What is the budgeted gross margin for year 1?
67. Lon Co.'south budget committee is preparing its master budget on the footing of the following projections: What are Lon'southward estimated cash disbursements for inventories?
68. When a manager is concerned with monitoring total cost, full revenue, and net profit conditioned upon the level of productivity, an auditor would normally recommend
69. What is the required unit production level given the post-obit factors?
70. Which of the following types of budgets is the last upkeep to be produced during the budgeting process?
71. Cook Co.'south total costs of operating five sales offices last year were $500,000, of which $seventy,000 represented stock-still costs. Melt has adamant that total costs are significantly influenced past the number of sales offices operated. Last year'due south costs and the number of sales offices can exist used as the bases for predicting annual costs. What would be the budgeted costs for the coming yr if Melt were to operate vii sales offices?
72. Lanta Restaurant compares monthly operating results with a static budget.When actual sales are less than budget, would Lanta usually report favorable variances on variable nutrient costs and fixed supervisory salaries?
73. A static budget contains which of the post-obit amounts?
74. The bones difference between a chief upkeep and a flexible budget is that a master budget is
75. A company forecast first quarter sales of 10,000 units, second quarter sales of 15,000 units, third quarter sales of 12,000 units and 4th quarter sales of 9,000 units at $2 per unit. Past experience has shown that lx% of the sales will exist in greenbacks and xl% will be on credit. All credit sales are nerveless in the following quarter, and none are uncollectible. What corporeality of cash is forecasted to be collected in the second quarter?
76. Which of the following would be most impacted by the use of the percentage of sales forecasting method for budgeting purposes?
77. A 2005 cash upkeep is being prepared for the purchase of Toyi, a trade particular. The budgeted data are every bit follows: Purchases will be made in 12 equal monthly amounts and paid for in the post-obit month. What is the 2005 budgeted cash payment for the purchase of Toyi?
78. A flexible budget is appropriate for a
79. Dough Distributors has decided to increase its daily muffin purchases by 100 boxes. A box of muffins costs $two and sells for $3 through regular stores. Whatsoever boxes non sold through regular stores are sold through Dough's austerity store for $ane. Dough assigns the post-obit probabilities to selling additional boxes: What is the expected value of Dough's decision to buy 100 additional boxes of muffins?
80. Nether frost-costless conditions, Cal Cultivators expects its strawberry crop to have a $60,000 market value. An unprotected crop subject to frost has an expected market value of $40,000. If Cal protects the strawberries against frost, then the market value of the crop is still expected to be $60,000 under frost-costless conditions and $ninety,000 if there is a frost. What must be the probability of a frost for Cal to be indifferent to spending $10,000 for frost protection?
81. In describing the regression equation used for cost prediction, Y = a + bx, which of the following is correct?
82. A management accountant performs a linear regression of maintenance price vs. production using a computer spreadsheet. The regression output shows an "intercept" value of $322,897. How should the accountant interpret this information?
83. The coefficient of determination, r squared, in a multiple regression equation is the
84. Box Co. uses regression analysis to judge the functional relationship between an independent variable (cost driver) and overhead price. Assume that the post-obit equation is existence used: y = A + Bx. What is the symbol for the independent variable?
85. In using regression assay, which mensurate indicates the extent to which a alter in the independent variable explains a change in the dependent variable?
86. The regression analysis results for ABC Co. are shown as y = 90x + 45. The standard fault (Sb) is 30 and the coefficient of conclusion (r2 ) is 0.81. The budget calls for the production of 100 units. What is ABC's gauge of full costs?
87. The sales and cost data for Gamore Visitor are as follows: Gamore'south breakeven point in the number of units is
88. State Higher is using cost-volume-profit analysis to determine tuition rates for the upcoming schoolhouse year. Projected costs for the yr are as follows: Based on these estimates, what is the approximate break-even point in number of students?
89. In 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a book of fourscore,000 kits, Thor had fixed costs of $1,000,000 and a turn a profit before income taxes of $200,000. Due to an adverse legal decision, Thor'south 2005 liability insurance increased by $1,200,000 over 2004. Assuming the book and other costs are unchanged, what should the 2005 price be if Thor is to make the same $200,000 turn a profit before income taxes?
90. Trendy Co. produced and sold 30,000 backpacks during the concluding yr at an boilerplate cost of $25 per unit of measurement. Unit of measurement variable costs were the post-obit: Total stock-still costs were $250,000. At that place was no year-end work-in-process inventory. If Trendy had spent an boosted $fifteen,000 on advertisement, and then sales would have increased by $30,000. If Trendy had made this investment, what change would have occurred in Trendy's pretax turn a profit?
91. The most likely strategy to reduce the breakeven bespeak would be to
92. At the breakeven indicate, the contribution margin equals total
93. Wren Co. manufactures and sells 2 products with selling prices and variable costs as follows: Wren's total annual fixed costs are $38,400. Wren sells four units of A for every unit of B. If the operating income last twelvemonth was $28,800, what was the number of units Wren sold?
94. Del Co. has fixed costs of $100,000 and breakeven sales of $800,000. What is its projected turn a profit at $i,200,000 sales?
95. A ceramics manufacturer sold cups final year for $7.50 each. Variable costs of manufacturing were $2.25 per unit of measurement. The visitor needed to sell twenty,000 cups to intermission even. Net income was $v,040. This year, the company expects the post-obit changes: sales toll per cup to exist $ix.00; variable manufacturing costs to increase 33.3%; fixed costs to increase 10%; and the income taxation charge per unit to remain at 40%. Sales in the coming year are expected to exceed last year's sales by 1,000 units. How many units does the visitor wait to sell this year?
96. A ceramics manufacturer sold cups last yr for $7.50 each. The variable cost of manufacturing was $2.25 per unit of measurement. The company needed to sell 20,000 cups to intermission even. Its net income was $five,040. This year, the visitor expects the price per cup to be $9.00; the variable manufacturing cost to increase by 33.iii%; and the fixed costs to increment past 10%. How many cups (rounded) does the company need to sell this year to break even?
97. A company that produces 10,000 units has stock-still costs of $300,000, variable costs of $50 per unit, and a sales toll of $85 per unit. Afterwards learning that its variable costs volition increase by 20%, the company is considering an increase in production to 12,000 units. Which of the following statements is right regarding the visitor's next steps?
98. Breakeven analysis assumes that over the relevant range
99. On January i, 2005, Lake Co. increased its directly labor wage rates. All other budgeted costs and revenues were unchanged. How did this increment affect Lake'southward budgeted breakeven point and budgeted margin of condom?
100. In the profit-volume chart beneath, EF and GH represent the profit-volume graphs of a single-production company for 2004 and 2005, respectively. If the 2004 and 2005 unit sales are identical, how did the total fixed costs and unit variable costs of 2005 change as compared to 2004?
101. Cott Visitor has sales of $200,000, a contribution margin of 20%, and a margin of safety of $80,000. What is Cott's fixed toll?
102. Fundamental Winery manufactured ii products, A and B. The estimated demand for product A was 10,000 bottles, and for production B, 30,000 bottles. The estimated sales cost per bottle for A was $6.00, and for B, $viii.00. The actual need for production A was 8,000 bottles, and for product B, 33,000 bottles. The bodily cost per bottle for A was $6.20, and for B, $vii.70. What amount would be the full selling cost variance for Central Winery?
103. The following straight labor information pertains to the manufacture of product Glu: What is the standard direct labor cost per unit of product Glu?
104. Selected costs associated with a product are every bit follows: What amount is the total direct labor cost variance?
105. Relevant information for material A follows: What was the direct fabric quantity variance for textile A?
106. Virgil Corp. uses a standard cost system. In May, Virgil purchased and used 17,500 pounds of materials at a toll of $lxx,000. The materials usage variance was $two,500 unfavorable, and the standard materials immune for May production was 17,000 pounds. What was the materials price variance for May?
107. Yola Co. manufactures one product with a standard directly labor cost of four hours at $12.00 per hour. In June, 1,000 units were produced using four,100 hours at $12.xx per hour. The unfavorable direct labor efficiency variance was
108. Smart Co. uses a static budget. When actual sales are less than budget, Smart would report favorable variances on which of the following expense categories?
109. Management has reviewed the standard cost variance analysis and is trying to explicate an unfavorable labor efficiency variance of $8,000. Which of the post-obit is the most likely crusade of the variance?
110. A manufacturing company that produces trivets has established the following standards for the electric current twelvemonth: During April, the visitor purchased x,000 pounds of material for $33,000 and used 9,400 pounds to produce 4,500 trivets. Four thousand trivets were sold during April. What amount should be reported as the materials' quantity (usage) variance?
111. For the current flow production levels, Twoscore Molding Co. budgeted viii,500 board anxiety of product and used 9,000 board feet for actual product. Material cost was approaching at $2 per foot. The actual price for the catamenia was $3 per foot. What was XL's material efficiency variance for the period?
112. The following data pertains to Roe Co.'due south 2004 manufacturing operations: Roe's 2004 unfavorable variable overhead efficiency variance was
113. In 2005, a section'southward three-variance overhead standard costing organisation reported unfavorable spending and volume variances. The activity level selected for allocating overhead to the product was based on 80% of practical chapters. If 100% of practical capacity had been selected instead, how would the reported unfavorable spending and volume variances have been affected?
114. Which of the following standard costing variances would be least controllable past a production supervisor?
115. The post-obit information is available on Crain Co.'due south two product lines: Assuming the tables line is discontinued, and the factory space previously used to make tables is rented for $24,000 per yr, operating income will increase by what amount?
116. Which of the following items is never relevant to a sell or procedure further decision?
117. Which one of the following costs, if whatsoever, is relevant when making financial decisions?
118. Allen Harvey, an accounting major, is considering a full-time internship during the leap semester of his inferior year. The internship opportunity is located in the boondocks where he attends school, and then he would be able to go on to alive in his apartment that costs $600 per calendar month. The internship would pay $1,200 per calendar month for January through May. If he does not accept the internship, he volition attend school at a cost of $four,000 for the semester. If Harvey decides to stay in schoolhouse full-fourth dimension during the spring semester, which ane of the following would be the amount of his opportunity toll and the amount of his incremental (or differential) toll?
119. A visitor is considering outsourcing one of the component parts for its product. The company currently makes 10,000 parts per month. Electric current costs are as follows: The visitor decides to buy the role for $viii per unit from another supplier and rents its idle chapters for $5,000/month. How will the company'south monthly costs change?
120. A company is offered a one-fourth dimension special order for its product and has the capacity to take this order without losing current business. Variable costs per unit and stock-still costs in total will be the same. The gross turn a profit for the special gild will be 10%, which is fifteen% less than the usual gross profit. What bear upon will this social club have on full fixed costs and operating income?
121. Which of the following would be considered a relevant stock-still price in making a special order conclusion?
122. Clay Co. has considerable backlog manufacturing capacity. A special chore guild'due south cost canvass includes the following practical manufacturing overhead costs: The fixed costs include a normal $3,700 allocation for in-house design costs, although no in-house design will exist washed. Instead the job volition require the utilize of external designers costing $seven,750. What is the total amount to be included in the calculation to make up one's mind the minimum acceptable toll for the job?
123. A company receives an offer to purchase a special order of units of a product that commonly sells for $x each to regular customers. The cost of manufacturing the units is shown here. If all other conditions are favorable, what is the absolute lowest price that the company would exist able to feasibly accept for the order if it has enough idle chapters to handle the society?
124. Rodder, Inc. manufactures a component in a router assembly. The selling price and unit cost data for the component are every bit follows: The company received a special one-time order for 1,000 components. Rodder has an alternative utilize for production capacity for the 1,000 components that would produce a contribution margin of $v,000. What amount is the lowest unit toll Rodder should accept for the component?
125. Lawn tennis rackets can be purchased for $60 each from an outside vendor. Information technology costs the manufacturer $lxxx a piece to produce them, of which thirty% is unavoidable stock-still overhead cost. What are the relevant costs for this decision? Based only on these costs, which option should the visitor choose?
126. In the GPK Coffee Visitor, the Strudel Segmentation has strudel that can be sold either to outside customers or to the Bean Division that also sells coffee. Data about these divisions is given below: Given the facts in case ii, what are the minimum and maximum transfer prices?
127. In the GPK Coffee Company, the Strudel Division has strudel that can be sold either to outside customers or to the Bean Division that also sells coffee. Data virtually these divisions is given beneath: Given the facts in example 1, what are the minimum and maximum transfer prices?
128. In the GPK Coffee Company, the Strudel Segmentation has strudel that can exist sold either to exterior customers or to the Bean Division that also sells coffee. Information about these divisions is given below: Will the internal transfer likely take place? Answer for Case 1 and two separately.
129. Spring Co. had two divisions, A and B. Partition A created Product X, which could be sold on the outside market for $25, and used variable costs of $15. Division B could take Product X and employ boosted variable costs of $twoscore to create Product Y, which could be sold for $100. Partitioning B received a special order for a large corporeality of Product Y. If Sectionalization A were operating at full capacity, which of the following prices should Partition A charge Division B for the Product X needed to fill the special order?
130. Brent Co. has intracompany service transfers from Division Cadre, a cost center, to Division Pro, a profit center. Under stable economic conditions, which of the following transfer prices is likely to be most conducive to evaluating whether both divisions have met their responsibilities?
131. Which of the following techniques finer measures improvements in product quality as a issue of internal failure costs?
132. In a quality control program, which of the post-obit is (are) categorized equally internal failure costs? I. Rework. II. Responding to customer complaints. III. Statistical quality control procedures.
133. As a result of finding a more dependable supplier, Dee Co. reduced its safety stock of raw materials by 80%. What is the issue of this safe stock reduction on Dee'southward economic order quantity?
134. As part of a benchmarking procedure, a visitor'due south costs of quality for the current month have been identified as follows: What amount is the company'south prevention cost for the electric current month?
135. The benefits of a merely-in-time system for raw materials normally include
136. Which changes in costs are almost conducive to switching from a traditional inventory ordering system to a just-in-time ordering system?
137. The economical order quantity formula assumes that
138. Bell Co. changed from a traditional manufacturing philosophy to a just-in-time philosophy.
139. What are the expected furnishings of this change on Bong's inventory turnover and inventory every bit a pct of full avails reported on Bell's residual sheet?
140. Which quality definition tin can be described as "meeting or exceeding the needs and wants of customers?"
141. Key Co. changed from a traditional manufacturing operation with a job club costing system to a only-in-fourth dimension performance with a back-affluent costing organisation. What is (are) the expected effect(s) of these changes on Key's inspection costs and recording detail of costs tracked to jobs in process?
142. Nonfinancial performance measures are important to engineering and operations managers in assessing the quality levels of their products. Which of the post-obit indicators can be used to measure product quality? I. Returns and allowances. Ii. Number and types of client complaints. III. Production cycle time.
143. To evaluate its functioning, the Blankie Co. is comparing its costs of quality from one yr to the next. The relevant costs are as follows: Which of the following conclusions tin can Blankie depict about its quality program?
144. Which measures would exist useful in evaluating the performance of a manufacturing arrangement? I. Throughput time. II. Full setup fourth dimension for machines/Total product time. Iii. Number of rework units/Total number of units completed.
145. Which of the post-obit balanced scorecard perspectives examines a company's success in targeted market segments?
146. Under the counterbalanced scorecard concept adult by Kaplan and Norton, employee satisfaction and retention are measures used under which of the post-obit perspectives?
147. Which of the following performance measures is nonfinancial?
148. The management of a company would practise which of the following to compare and contrast its fiscal data to published information reflecting optimal amounts?
149. A cost leadership strategy, in addition to focusing on the visitor'due south ability to sell a big volume of low-price products, is often aided past all of the following characteristics except
150. Which of the following topics is the focus of managerial accounting?
151. SWOT analysis includes considerations of what four strategic dimensions?
152. Vince Inc. has developed and patented a new light amplification by stimulated emission of radiation disc reading device that volition be marketed internationally. Which of the post-obit factors should Vince consider in pricing the device? I. Quality of the new device. Two. Life of the new device. Iii. Customers' relative preference for quality compared to price.
153. Which of the following steps in the strategic planning process should be completed showtime?
154. The target capital construction of Traggle Co. is 50% debt, 10% preferred disinterestedness, and twoscore% common equity. The interest rate on debt is vi%, the yield on the preferred is 7%, the cost of mutual equity is 11.5%, and the taxation rate is forty%. Traggle does non anticipate issuing any new stock. What is Traggle's weighted boilerplate cost of uppercase?
155. A company's target gross margin is twoscore% of the selling price of a product that costs $89 per unit. The product's selling price should exist
156. A visitor has a revenue enhancement charge per unit of 40%. Information for the visitor is equally follows: What is the weighted average cost of capital (WACC)?
157. A company has two divisions. Division A has an operating income of $500 and total assets of $i,000. Sectionalization B has an operating income of $400 and total assets of $ane,600. The visitor'southward required rate of return is 10%. Partition B's residual income would be which of the following amounts?
158. Wexford Co. has a subunit that reported the following data for year 1: The imputed interest rate is 12%. What is the division residual income for yr i?
159. Brewster Co. has the post-obit financial data: What amount of sales is required for Brewster to accomplish a fifteen% render on sales?
160. Related to the CFROI metric, "the required almanac greenbacks investment needed to supercede fixed assets" is the definition of what?
161. Which of the following accurately reflects prevailing thought processes regarding the new value based metrics?
162. The following information pertains to Quest Co.'s Gold Division for 2004: Quest'south return on investment was
163. North Depository financial institution is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significantly better than the industry boilerplate. Which i of the post-obit factors should Due north consider every bit a possible limitation of using this ratio when evaluating Belle'south creditworthiness?
164. To mensurate inventory management performance, a company monitors its inventory turnover ratio. Listed below are selected data from the company's accounting records: Beginning finished appurtenances inventory for the electric current yr was 15% of the prior year's annual sales, and ending finished goods inventory was 22% of the electric current year's annual sales. What was the company's inventory turnover at the finish of the current period?
165. The DuPont method of ROI uses sales to analyze what two elements of render separately?
166. Galax, Inc. had an operating income of $v,000,000 before involvement and taxes. Galax's net book value of plant assets on Jan 1 and December 31 were $22,000,000 and $18,000,000, respectively. Galax achieved a 25% render on investment for the twelvemonth, with an investment turnover of ii.5. What were Galax'southward sales for the year?
167. How is contribution margin (CM) different from gross margin (GM)?
168. Which metric is often used every bit an alternative to ROI and is generally divers as "operating Income less (the required rate of return multiplied by invested capital)?"
169. Why is cost avoidance a faster way to increase profits than to increase revenue?
170. Which of the following types of hazard are best addressed with insurance?
171. How is strategic take a chance all-time managed?
172. Which of the post-obit types of risk are best addressed with hedging?
173. Which of the following terms describe or are consistent with systematic chance?
174. Jago Co. has 2 products that use the same manufacturing facilities and cannot be subcontracted. Each product has sufficient orders to utilize the unabridged manufacturing capacity. For short-run profit maximization, Jago should manufacture the production with the
175. What is the objective of the demand catamenia approach?
176. Which of the following production processes best describes lean manufacturing?
177. Which of the following statements correctly describes the structural differences betwixt mass and lean manufacturing?
178. What tools does Six Sigma commonly use to accomplish quality control?
179. When using PERT or CPM, activity slack is calculated as
180. When using PERT, project completion times are measured by a pessimistic, optimistic, and most probable estimate...
181. Which of the following roles is typically taken on past a project team member?
182. The process of adding resources to shorten selected activity times on the critical path is called
183. Which type of projection take chances is related to managing people, time, toll restrictions, and the interrelationships among activities?

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