ACCT
434 MIDTERM EXAM
1. (TCO 1) Which of the next is an indication
that an ABC system could also be helpful?
2. (TCO 1) Merriamn Firm gives the next ABC costing
data:â¦â¦â¦â¦How a lot of the account billing price might be assigned to
Division B?
three. (TCO 2) Budgeting gives all the following EXCEPT
four. (TCO 2) White deliberate to make use of $82 of fabric per unit however
truly used $80 of fabric per unit, and deliberate to make 1,200 items however
truly made 1,000 items. The flexible-budget variance is
5. (TCO three) The convention technique estimates price features
6. (TCO four) In evaluating totally different options, it’s helpful
to focus on
7. (TCO 5) Producing extra nonbottleneck output
eight. (TCO 5) Schmidt Company produces a component that’s utilized in
the manufacture of certainly one of its merchandise. The prices related to the
manufacturing of 10,000 items of this half are as follows. Phil Firm has
provided to promote 10,000 items of the identical half to Schmidt Company for $18
per unit. Assuming there isn’t a different use for the services, Schmidt ought to
9. (TCO three) The fee elements of an air conditioner embody
$35 for the compressor, $11.50 for the sheet-molded compound body, and $80 per
unit for meeting. The manufacturing facility machines and instruments price is $55,000. The corporate expects
to provide 1,500 air conditioners within the coming 12 months. What price perform finest
represents these prices?
1.(TCO 1) For every of the next actions, establish an
applicable activity-cost driver. a. machine upkeep b. machine setup c.
high quality management d. materials ordering e. manufacturing scheduling f. warehouse
expense g. engineering design
2. (TCO 2) Lubriderm Company has the next budgeted
gross sales for the following six-month interval.There have been 30,000 items of completed items in stock at
the start of June. Plans are to have a list of completed
merchandise that equal 20% of the unit gross sales for the following month.
5 kilos of supplies are
required for every unit produced. Every pound of fabric prices $eight.
Stock ranges for supplies are equal to 30% of the wants for the following
month. Supplies stock on June 1 was 15,000 kilos.
Put together
a purchases funds in kilos for July, August, and September, and provides whole
purchases in each kilos and for every month.
three. (TCO three) As a part of his job as price analyst, Max Thompson
collected the next data in regards to the operations of the Machining
Division. Use the high-low technique to find out the estimating price perform
with machine-hours as the price driver.
four. (TCO 5) Collier Bicycles has been manufacturing its personal
wheels for its bikes. The corporate is working at 100% capability, and variable
manufacturing overhead is charged to manufacturing on the charge of 30% of direct
labor price. The direct supplies and direct labor price per unit to make the
wheels are $1.50 and $1.80, respectively. Regular manufacturing is 200,000 wheels
per 12 months……? Justify your reply.
5. (TCO 1) For every of the next actions, establish an
applicable activity-cost driver. a. machine upkeep b. machine setup c.
high quality management d. materials ordering e. manufacturing scheduling f. warehouse
expense g. engineering design
6. (TCO 2) Lubriderm Company has the next budgeted
gross sales for the following six-month interval â¦â¦Put together a purchases funds in kilos for
July, August, and September, and provides whole purchases in each kilos and
for every month.
7. (TCO three) As a part of his job as price analyst, Max Thompson
collected the next data in regards to the operations of the Machining
Division: Remark Machine-hours Whole Working Prices January four,000
$45,000 February four,600 49,500 March three,800 45,750 April four,400 48,000 Might four,500
49,800 Use the high-low technique to find out the estimating price perform with
machine-hours as the price driver.
eight. (TCO 5) Collier Bicycles has been manufacturing its personal
wheels for its bikes. The corporate is working at 100% capability, and variable
manufacturing overhead is charged to manufacturing on the charge of 30% of direct
labor price. The direct supplies and direct labor price per unit to make the
wheels are $1.50 and $1.80, respectively. Regular manufacturing is 200,000 wheels
per 12 months. A provider gives to make the wheels at a value of $four every. If the
bicycle firm accepts this provide……
9. (TCO four) Sunk prices Reply; Are previous prices.
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