BUS 475 FINAL EXAM 600 MCQS

BUS 475 FINAL EXAM 600 MCQS

  • Submitted By: unquite
  • Date Submitted: 10/07/2016 3:09 AM
  • Category: Business
  • Words: 480
  • Page: 2

BUS 475 FINAL EXAM 600 MCQS
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BUS 475 FINAL EXAM 600 MCQS
1) One of Astro Company’s activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
1. $90,000
2. $60,000
3. $75,000
4. $150,000
2) A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Second purchase $95; Third purchase $85. If the company sold two units for a total of $240 and used FIFO costing, the gross profit for the period would be _____.
1. $50
2. $75
3. $60
4. $65
3). If a company reports a net loss, it __________.
1. Will not be able to make capital expenditures
2. Will not be able to pay cash dividends
3. Will not be able to get a loan
4. May still have a net increase in cash
4). As Plant Controller, you are trying to determine which costs over which you have the most control on a day to day basis. Your goal is to achieve better profitability. The Plant Operations Manager suggests that overhead is the easiest area to directly reduce costs. Which of the following items would be classified as manufacturing overhead?

BUS 475 FINAL EXAM 600 MCQS
To view more,click following link:
http://www.unquite.com/question-details/BUS-475-FINAL-EXAM-600-MCQS/2529
or email at:
query@unquite.com

BUS 475 FINAL EXAM 600 MCQS
1) One of Astro Company’s activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
1. $90,000
2. $60,000
3. $75,000
4. $150,000
2) A company just starting in business purchased three merchandise inventory items at the...

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