ACCT 346 DeVry Entire Course
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Health insurance for sales staff<br />
Points Received: 4 of 4<br />
Comments:<br />
Question 8. Question : Variable cost per unit<br />
increases when the number of units produced increases.<br />
does not change when the number of units produced increases.<br />
decreases when the number of units produced increases.<br />
decreases when the number of units produced decreases.<br />
Points Received: 4 of 4<br />
Comments:<br />
Question 9. Question : Which of the following costs does not change when the level of business activity changes?<br />
total fixed costs<br />
total variable costs<br />
total direct materials costs<br />
fixed costs per unit<br />
Points Received: 4 of 4<br />
Comments:<br />
Question 10. Question : The principle that managers follow when they only investigate departures from the plan<br />
that appear to be significant is commonly known as<br />
small amounts don’t matter.<br />
management by exception.<br />
only labor and materials deserve attention.<br />
exceptional costs yield exceptional results.<br />
Points Received: 0 of 4<br />
<strong>ACCT</strong> <strong>346</strong> <strong>DeVry</strong> Week 4 Midterm Exam (Version-1)<br />
1. Question :(TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to<br />
preparing reports for<br />
2. Question :TCO 1) Which of the following statements regarding fixed costs is true?<br />
3. Question :(TCO 1) You own a car and are trying to decide whether or not to trade it in and buy a new car. Which<br />
of the following costs is an opportunity cost in this situation?<br />
4. Question :(TCO 1) Shula’s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners<br />
will be produced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation, $800;<br />
and other fixed costs, $600. Each steak dinner sells for $14.00 each. How much is the budgeted variable cost per unit?<br />
5. Question :(TCO 1) Which of the following is an example of a manufacturing overhead cost?<br />
6. Question :(TCO 1) Which of the following is a period cost?<br />
7. Question :(TCO 1) If the balance in the Finished Goods Inventory account increased by $30,000 during the<br />
period and the cost of goods manufactured was $220,000, how much is cost of goods sold?
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