61.Use the appropriate factors from Table 6-4 or Table 6-5 to answer the following questions.(a.) What is the present value of $90,000 to be received... Solved Accounting 2 Views Bookmark
51.Which of the following is a true statement regarding the internal rate of return in capital budgeting? A. It provides the same basic information as the net... Solved Accounting 3 Views Bookmark
41.The principal weakness of the payback method for evaluating proposed investments is that it does not: A. provide a way of ranking projects in order of desirability. B. consider... Solved Accounting 2 Views Bookmark
31.When the present value analysis of a proposed investment results in an indication that the proposal has a rate of return greater than the cost... Solved Accounting 2 Views Bookmark
21.Product X sells for $80 per unit in the marketplace and ABC Company requires a 35% minimum profit margin on all product lines. In order... Solved Accounting 2 Views Bookmark
11.Relevant costs in decision-making: A. are future costs that represent differences between decision alternatives. B. result from past decisions. C. should not influence the decision. D. None of these. 12.A cost is considered relevant... Solved Accounting 2 Views Bookmark
Multiple Choice Questions 1.The method of evaluating financial data that change under different courses of action is called: A. financial statement analysis. B. break-even analysis. C. incremental analysis. D. cost-benefit analysis. 2.Braizen, Inc. produces a... Solved Accounting 2 Views Bookmark
41.The cost formula for the maintenance department of the Eifel Co. is $6,500 per month plus $3.50 per machine hour used by the production department.a.... Solved Accounting 2 Views Bookmark
31.How is performance evaluated for a cost center? A. Actual costs incurred compared to budgeted costs. B. Actual segment margin compared to budgeted segment margin. C. Comparison of actual and budgeted... Solved Accounting 2 Views Bookmark
21.If they are to be useful to managers, variances should be reported: A. simultaneously to all managers within a week after the end of the month. B. in dollar... Solved Accounting 2 Views Bookmark
11.The total variance for any particular cost component is referred to as the: A. price variance. B. efficiency variance. C. budget variance. D. none of these. 12.The total budget variance is caused by two... Solved Accounting 3 Views Bookmark
Multiple Choice Questions1.________________ is a technique used to filter cost information contained in performance reports to each manager within the organization at an appropriate level... Solved Accounting 2 Views Bookmark
51.Pacesetters, Inc., has actual sales for July and August and forecasted sales for September, October, November, and December as follows: (a.) The firm's policy is to... Solved Accounting 2 Views Bookmark
41.The concept of a standard used for planning and control purposes is most like a: A. measure of ideal performance. B. unit budget. C. measure of maximum efficiency. D. measure of historical performance. 42.Standards... Solved Accounting 9 Views Bookmark
31.A cash budget would not include: A. sale of common stock. B. payment of dividends. C. payment of property taxes. D. plant and building depreciation. 32.A key to estimating an accurate amount of cash... Solved Accounting 2 Views Bookmark
21.Which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast? A. Sales budget. B. Raw... Solved Accounting 2 Views Bookmark
11.The key data element on which the entire budget is based is the: A. sales/revenue forecast. B. income statement budget. C. cash budget. D. balance sheet forecast. 12.The operating budget depends on key information... Solved Accounting 2 Views Bookmark
Multiple Choice Questions 1.An example of a committed cost is: A. employee training. B. manufacturing supplies. C. real estate taxes. D. charitable contributions. 2.Which of the following is not a strong reason for budgeting? A. Budgets provide... Solved Accounting 2 Views Bookmark
41.The use of activity-based costing information to support the decision-making process is known as: A. value chain analysis. B. cost distortion analysis. C. activity-based management. D. cost-based management. Essay Questions 42.For each of the following... Solved Accounting 2 Views Bookmark
31.The three sections of a statement of cost of goods manufactured include: A. raw material, direct labor, manufacturing overhead. B. variable expenses, contribution margin, fixed expenses. C. sales revenue, gross profit,... Solved Accounting 2 Views Bookmark
21.The three components of product costs are: A. direct material, supervisor salaries, selling expenses. B. direct labor, manufacturing overhead, indirect material. C. direct material, direct labor, manufacturing overhead. D. manufacturing overhead, indirect material,... Solved Accounting 2 Views Bookmark
11.Product costs are inventoried and treated as assets until: A. the next accounting period. B. related liabilities no longer exist. C. the period in which the products they relate to are... Solved Accounting 2 Views Bookmark
Multiple Choice Questions 1.The term "cost" means: A. the price paid for a raw material. B. the wage paid to a worker. C. the price charged by an entity for its services. D. all... Solved Accounting 2 Views Bookmark
61.Presented below is the income statement for Ackee Food Center for the month of July: Based on an analysis of cost behavior patterns, it has been... Solved Accounting 2 Views Bookmark
51.The contribution margin ratio always decreases when the: A. break-even point decreases. B. fixed expenses increase. C. selling price increases and the variable costs remain constant. D. variable cost increase and the selling... Solved Accounting 3 Views Bookmark
This E-mail is already registered as a Premium Member with us. Kindly login to access the content at no cost.