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ACCT 434 Final Exams (2 Different Sets) – DeVry
ACCT 434 Final Exams set-1 – DeVry
ACCT 434 Final Exams set-2 – DeVry
(TCO 1) If products are alike, then for costing purposes (Points : 5) (TCO 1) Ireland Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 80,000. What is the budgeted indirect cost allocation rate for this activity? (Points : 5)
(TCO 2) Fixed overhead costs include (Points : 5)
(TCO 2) Information pertaining to Brenton Corporation’s sales revenue: ………Management estimates that 5% of credit sales are not collectible. Of the credit sales that are collectible, 75% are collected in the month of sale and the remainder in the month following the sale. Cost of purchases………(Points : 5)
(TCO 2) Budgeting provides all of the following EXCEPT (Points : 5) (TCO 3) The cost function y = 1,000 + 5X (Points : 5)
(TCO 3) Which cost estimation method analyzes accounts in the subsidiary ledger as variable, fixed, or mixed using qualitative methods? (Points : 5)
(TCO 4) Sunk costs (Points : 5)
(TCO 5) In the theory of constraints, the only direct costs are (Points : 5)
(TCO 5) Keeping the bottleneck operation busy and subordinating allnonbottleneck operations to the bottleneck operation involves (Points : 5
(TCO 6) What type of cost is the result of an event that results in more than one product or service simultaneously? (Points : 5)
(TCO 6) Which of the following is a disadvantage of the physical-measure method…..? (Points : 5)
(TCO 7) An understanding of life-cycle costs can lead to (Points : 5) (TCO 7) Each month, Haddon Company has $300,000 total manufacturing costs (20% fixed) and $125,000 distribution and marketing costs (75% fixed). Haddon’s monthly sales are $600,000. The...