ACCT 434 Final Exam

Topics: Costs, Manufacturing, Marginal cost Pages: 2 (731 words) Published: September 20, 2014
ACCT 434 Final Exam

Page 1

1. (TCO 1) Which of the following is a sign that an ABC system may be useful? 2. (TCO 1) Merriamn Company provides the following ABC costing information:…………How much of the account billing cost will be assigned to Department B? 3. (TCO 2) Budgeting provides all of the following EXCEPT

4. (TCO 2) White planned to use $82 of material per unit but actually used $80 of material per unit, and planned to make 1,200 units but actually made 1,000 units. The flexible-budget variance is 5. (TCO 3) The conference method estimates cost functions

6. (TCO 4) In evaluating different alternatives, it is useful to concentrate on 7. (TCO 5) Producing more nonbottleneck output
8. (TCO 5) Schmidt Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows. Phil Company has offered to sell 10,000 units of the same part to Schmidt Corporation for $18 per unit. Assuming there is no other use for the facilities, Schmidt should 9. (TCO 3) The cost components of an air conditioner include $35 for the compressor, $11.50 for the sheet-molded compound frame, and $80 per unit for assembly. The factory machines and tools cost is $55,000. The company expects to produce 1,500 air conditioners in the coming year. What cost function best represents these costs?

Page 2
1.(TCO 1) For each of the following activities, identify an appropriate activity-cost driver. a. machine maintenance b. machine setup c. quality control d. material ordering e. production scheduling f. warehouse expense g. engineering design 2. (TCO 2) Lubriderm Corporation has the following budgeted sales for the next six-month period. There were 30,000 units of finished goods in inventory at the beginning of June.  Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit...
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