ACCT 344 DeVry Complete Quiz Package
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4. Question: (TCO 3) Holly Inc. manufactures dolls. The following data were provided for production results for the<br />
current month. 0 Units, beginning work-in-process 300 Units started ? Units completed 100 Units, ending work-inprocess<br />
(40% complete) Which are the equivalent units?<br />
5. Question: (TCO 3) When products and their costs are moved from one process to the next process, these costs are<br />
referred to as<br />
6. Question: (TCO 3) Keller Inc. manufactures office chairs. The following data were provided for production results for<br />
the current month. 0 Units, beginning work-in-process 6,000 Units started ? Units completed 2,000 Units, ending workin-process<br />
$440,000 Cost of direct materials $64,000 Cost of conversion Ending inventory is 100% complete for<br />
materials and 20% complete for conversion. How many units were started and completed?<br />
7. Question: (TCO 3) The two methods used to determine equivalent units of production are<br />
8. Question: (TCO 3) Abby Corp. adds raw materials to production at the beginning of the process in the Assembly<br />
Dept. Materials data for this department for the current month are as follows.<br />
9. Question: (TCO 3) The following information was provided by Sally Company...........How many equivalent units for<br />
materials would there be using the weighted average method?<br />
10. Question: (TCO 3) The material cost per equivalent unit using the weighted average method is calculated as..........<br />
<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> Week 3 <strong>Quiz</strong><br />
1. Question: (TCO 8) A predetermined overhead rate is calculated using which formula?<br />
2. Question: (TCO 8) All of the following are unit-based activity drivers EXCEPT<br />
3. Question: (TCO 8) A department that is capital intensive most likely would use a predetermined departmental<br />
overhead rate based on which activity base?<br />
4. Question: (TCO 8) Star Inc. uses a job-order costing system to account for product costs. The following information<br />
was provided for the current year. Materials placed in production $160,000 Indirect labor $50,000 Direct labor (10,000<br />
hours) $180,000 Depreciation of factory building $80,000 Other factory overhead $130,000 Increase in work-in-process<br />
inventory $45,000 Factory overhead rate per direct labor hour $25 Which is the amount of under- or overapplied<br />
overhead for Star Inc.?<br />
5. Question: (TCO 8) Acme Company manufactures two products (anvils and barrels). Overhead costs ($84,000) have<br />
been divided into three cost pools, which use the following activity drivers…….<br />
6. Question: (TCO 8) Which is NOT a limitation of a plantwide overhead rate?<br />
7. Question: (TCO 8) The resources consumed by the activity in producing its output are called<br />
8. Question: (TCO 8) Which is NOT part of the cost dimension of the activity-based management model?<br />
9. Question: (TCO 8) Which is an example of a non-value-added manufacturing activity?<br />
10. Question: (TCO 8) The process that involves choosing among various sets of activities that are caused by<br />
competing strategies is called......<br />
<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> Week 5 <strong>Quiz</strong><br />
1. Question: (TCO 7) A common cost occurs<br />
2. Question: (TCO 7) Which would be the most appropriate base for allocating the costs of the housekeeping<br />
department?<br />
3. Question: (TCO 7) The Ruling Company assigns plant administration costs to the production departments based on<br />
the number of employees. Which would NOT be a good combination of common costs with an activity driver?<br />
4. Question: (TCO 7) Joint costs are allocated because of<br />
5. Question: (TCO 7) Which method allocates support department costs?
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