ACCT 505 Managerial Accounting Entire Course
ACCT 505 Managerial Accounting Entire Course
ACCT 505 Managerial Accounting Entire Course
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equals (Points<br />
: 6)<br />
sales – expenses.<br />
sales – variable costs.<br />
sales – cost of goods sold.<br />
sales – fixed costs.<br />
Question<br />
9.9. (TCO<br />
C) Which of<br />
the following<br />
would not<br />
affect the<br />
break-even<br />
point? (Points<br />
: 6)<br />
Variable expense per unit<br />
Number of units sold<br />
Total fixed expenses<br />
Selling price per unit<br />
Question<br />
10.10. (TCO<br />
D) Under<br />
variable<br />
costing, (Points<br />
: 6)<br />
inventory costs will be lower than under absorption costing.<br />
inventory costs will be higher than under absorption costing.<br />
net operating income will always be lower than under absorption costing.<br />
net operating income will always be higher than under absorption costing.<br />
1. (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Larop<br />
Corporation for the just-completed year.<br />
Sales $950<br />
Purchases of raw materials $225<br />
Direct labor $250<br />
Manufacturing overhead $295<br />
Administrative expenses $150<br />
Selling expenses $140<br />
Raw materials inventory,<br />
beginning<br />
$30<br />
Raw materials inventory,<br />
ending<br />
$45<br />
Work-in-process inventory,<br />
$20<br />
beginning<br />
Work-in-process inventory,<br />
$55<br />
ending<br />
Finished goods inventory, $100
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