ACCT 344 Week 8 Final Exam New Set 2

ACCT 344 Week 8 Final Exam New Set 2

Author: Christine Farr


1. (TCO 2) Which cost is NOT a period cost? (Points : 5)
2. (TCO 2) Which product would use job-order costing? (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 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5)
5. (TCO 8) Which is a value-added activity? (Points : 5)
6. (TCO 1) The break-even point is (Points : 5)
7. (TCO 1) The Kringel Company provides the following information.

Sales (200,000 units) $500,000
Manufacturing costs
Variable $170,000
Fixed $30,000
Selling and administrative costs
Variable $80,000
Fixed $20,000 
Which is the break-even point in units for Kringel? (Points : 5)
8. (TCO 7) Which would be the most appropriate base for allocating the costs of the maintenance department? (Points : 5)
9. (TCO 7) Yo Department Store incurred $8,000 of indirect advertising costs for its operations. The following data have been collected for 2013 for its three departments.








Direct advertising costs




Newspaper ad space




How much of the indirect advertising costs will be allocated to the Cosmetics Department if newspaper ad space is the activity driver?(Points : 5)
10. (TCO 5) Which best describes zero-base budgeting? (Points : 5)

See 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.*

Begin Free Trial
No credit card required

26 Sophia partners guarantee credit transfer.

226 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 21 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.