### Free Educational Resources

• > ACCT 344 Week 8 Final Exam New
+

# ACCT 344 Week 8 Final Exam New

##### Rating:
(0)
Author: Christine Farr
##### Description:

http://www.devrygenius.com/product/acct-344-week-8-final-exam-new

1. (TCO 2) Which cost is NOT a period cost? (Points : 5)
2. (TCO 2) Process costing would be most applicable for a (Points : 5)
3. (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5)
4. (TCO 8) A company keeps 30 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average \$2,000 per day. A competitor keeps 15 days of inventory on hand, and the competitor's carrying costs average \$1,000 per day. The value-added costs are (Points : 5)
5. (TCO 8) Non-value-added activities (Points : 5)
6. (TCO 1) The contribution margin at the break-even point (Points : 5)
7. (TCO 1) Sarah Smith, a sole proprietor, has the following projected figures for next year.

Selling price per unit \$150.00
Contribution margin per unit \$45.00
Total fixed costs \$630,000

How many units must be sold to obtain a target before-tax profit of \$270,000? (Points : 5)
8. (TCO 7) Which cost category would most likely use purchase orders as its activity driver? (Points : 5)
9. (TCO 7) Yo Department Store incurred \$4,000 of indirect advertising costs for its operations. The following data have been collected for 2013 for its three departments.

Shoes Cosmetics Crafts
Sales \$160,000 \$120,000 \$120,000
Direct advertising costs \$7,000 \$10,000 \$3,000
Newspaper ad space 62% 20% 18%

How much of the indirect advertising costs will be allocated to the Shoes Department if newspaper ad space is the activity driver? Newspaper ad space (Points : 5)
10. (TCO 5) A flexible-based budgeting system (Points : 5)

(more)
##### Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial