ACCT 346 Midterm Exam Answers

 ACCT 346 Midterm Exam Answers Dissertation

ACCT 346 Midterm Exam Answers

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ACCT 346 Midterm Exam Answers

1 . Question:          � (TCO 1) Managerial accounting stresses accounting concepts and procedures which have been relevant to organizing reports to get �

2 . Question:          � (TCO 1) Which with the following costs does not transform when the degree of business activity changes? �

3. Problem:          � (TCO 1) You possess a car and are trying to decide whether or not to trade it in and purchase a new car. Which in the following costs is a chance cost through this situation? �

4. Query:          � (TCO 1) Shula's 347 Bbq grill has budgeted the following costs for a month in which 1, 600 steak dinners will probably be produced and sold: elements, $4, 080; hourly labor (variable), $5, 200; hire (fixed), $1, 700; devaluation, $800; and also other fixed costs, $600. Every single steak dinner sells for $14. 00 each. Precisely what is the budgeted fixed price per unit? �

five. Question:          � (TCO 1) Which of the following costs is not really part of manufacturing overhead? �

6. Issue:          � (TCO 1) Product costs

several. Question:          � (TCO 1) Red Runner's Work in Method Inventory consideration has a commencing balance of $50, 500 and a great ending equilibrium of $40, 000. Immediate materials employed are seventy dollars, 000 and direct labor used quantites $35, 1000. Cost of merchandise sold counts $135, 000. Manufacturing over head applied is definitely $20, 500. How much is cost of goods made? �

almost 8. Question:          � (TCO 2) BCS Organization applies developing overhead depending on direct labor cost. Details concerning developing overhead and labor for August comes after: Estimated          � Actual

Overhead cost� $174, 000            � $171, 000

Direct labor hours          � 5, 800   � your five, 900 Direct labor cost             � $87, 500 $89, 975 �

What is the value of the predetermined overhead charge?

9. Issue:          � (TCO 2) During 2011, Madison Company applied overhead using a...

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