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ACCT 346 DeVry Entire Course

Insurance on factory

Insurance on factory building Indirect labor Points Received: 0 of 4 Comments: Question 3. Question : Which of the following companies would use a job-order costing system? Construction Metal producer Chemical producer Plastic producer Points Received: 4 of 4 Comments: Question 4. Question : Which of the following is an example of a fixed cost? Materials Commissions Depreciation Direct Labor Points Received: 0 of 4 Comments: Question 5. Question : Which of the following costs is expensed as incurred? Direct materials Sales salaries Indirect labor Factory depreciation Points Received: 0 of 4 Comments: Question 6. Question : Which of the following is not a manufacturing cost? Direct materials Manufacturing overhead Accounting department costs Direct labor Points Received: 4 of 4 Comments: Question 7. Question: Which of the following costs is not part of manufacturing overhead? Electricity for the factory Depreciation of factory equipment Salaries for the production supervisors

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

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DEVRY ACCT 346 Week 4 Midterm 1
DEVRY ACCT 346 Week 4 Midterm 1
DEVRY ACCT 346 Week 4 Midterm 1