1. Question: (TCO A) Wages paid to a timekeeper in a factory are a: Your Answer: Prime Cost YES.....Conversion Cost NO Prime Cost YES.....Conversion Cost YES Prime Cost NO....Conversion Cost NO Prime Cost NO.....Conversion Cost YES CORRECT Instructor Explanation: Chapter 2 Points Received: 6 of 6 2. Question: (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n):
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1. (TCO A) The variable portion of advertising costs is a: (Points : 6) Conversion YES... Period NO Conversion YES .... Period YES Conversion NO.... Period YES Conversion NO.... Period NO | 2. (TCO A) Fixed costs expressed on a per unit basis: (Points : 6) will increase with increases in activity. will decrease with increases in activity. are not affected by activity. should be ignored in making decisions since they cannot
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the course‚ Carlos got pressured about the information so he cried and had a panic during the class and his classmates are looking at him judgingly. His anxiety happens everytime the pressure comes on‚ this situation happens until midterms. After Carlos’ first midterms exam‚ Later that night‚ Teresa is worried because his son is not coming home yet. As she blinks‚ her
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(TCO F) For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system? Student Answer: a steel factory that processes iron ore into steel bars a factory that processes sugar and other ingredients into black licorice a costume maker that makes specialty costumes for figure skaters all of these Comments: 2. Question : (TCO F) Process costing would be appropriate for each
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rate of return o Net present value o Internal rate of return 2. Would you recommend the acceptance of this proposal? Why or why not? Prepare a short double-spaced Word paper elaborating and supporting your answer. Answer: AC505 your Name Data:
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ANNOUNCEMENT ABOUT BUS 340 TAKE-HOME MIDTERM 1) MIDTERMS will be submitted through the Turn It In system. E-mails or print submissions will NOT be accepted. 2) The MIDTERMS will be posted on BİLGİ ONLINE on 15 NOVEMBER and are DUE ON 24 NOVEMBER SUNDAY 24:00 PM. Late submissions and excuses WILL DEFINITELY NOT BE ACCEPTED! 3) You need to make sure that you have TWO DOCUMENTS : THE CASE STUDY file and the QUESTION SHEET. 4) In order to answer the questions you will need to READ THE CASE
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AC505 MANAGERIAL ACCOUNTING PRACTICE FINAL INSTRUCTIONS: Please fill in the blank for question 1 and select the appropriate response to questions 2 through 45. 1. Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (all amounts are in thousands ($000) of dollars: Sales $31‚800 Purchases of direct materials 7‚000 Direct labor 5‚000 Work in process inventory‚ 1/1 800 Work
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AC505 Course Project Hints: The beginning cash balance for April‚ is the cash from March 31 in the Asset section of the balance sheet. In the merchandise purchases budget‚ in April‚ we need 50% of March purchases (that amount is also given to us 3/31 Accounts payable of $100‚000 on page 415). Therefore‚ Total cash disbursements for April is (50% x $316‚000 April purchases) + ($100‚000 remaining March purchases to be paid) = $258‚000. Class‚ Here are some hints. Lets start from the beginning:
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Midterm week 4 ------------------------------------------------- Top of Form Bottom of Form Grading Summary | These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. | Date Taken: | 8/2/2011 | Time Spent: | 2 h ‚ 23 min ‚ 35 secs | Points Received: | 127 / 150 (84.7%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 7 | Short | 1 | N/A
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ACCT505 Part B Capital Budgeting problem Clark Paints Data: Cost of new equipment $200‚000 Expected life of equipment in years 5 Disposal value in 5 years $40‚000 Life production - number of cans 5‚500‚000 Annual production or purchase needs 1‚100‚000 Initial training costs 0 Number of workers needed 3 Annual hours to be worked per employee 2‚000 Earnings per hour for employees $12
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