+
 ACCT 434 Slingshot Academy  / acct434mart.com

ACCT 434 Slingshot Academy / acct434mart.com

Rating:
Rating
(0)
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

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

 ACCT 434 Slingshot Academy  / acct434mart.com

ACCT 434 Entire Course
FOR MORE CLASSES VISIT
www.acct434mart.com
ACCT 434 Week 1-7 All Discussion Questions
ACCT-434 Week 1 Quiz Activity Based Costing
ACCT-434 Week 2 Master Budget Flexible Budgets
ACCT-434 Week 3 Cost Behavior Decision Making Quality ACCT-434 Week 4 Midterm Exam
ACCT-434 Week 5 Pricing Decisions Management Control Systems ACCT-434 Week 6 Customer Profitability Capital Budgeting ACCT-434 Week 7 Quality Control Inventory Management
ACCT 434 Week 1 Quiz (New)
ACCT 434 Week 2 Quiz (New)
ACCT 434 Week 3 Quiz (New)
ACCT 434 Week 4 Quiz (New)
ACCT 434 Week 5 Quiz (New)
ACCT 434 Week 6 Quiz (New)
ACCT 434 Week 7 Quiz (New)
ACCT 434 Midterm Exam (New)
ACCT 434 Final Exam Set 1
ACCT 434 Final Exam Set 2
ACCT 434 Final Exam Set 3
ACCT 434 Final Exam Set 4
ACCT 434 Final Exam Set 5
------------------------------------------------------------------------


ACCT 434 Final Exam All 5 Sets
FOR MORE CLASSES VISIT
www.acct434mart.com
This Tutorial contains All 5 Sets of Final Exam, Details could be found on below mentioned links ACCT 434 Final Exam Set 1 ACCT 434 Final Exam Set 2 ACCT 434 Final Exam Set 3 ACCT 434 Final Exam Set 4 ACCT 434 Final Exam Set 5
------------------------------------------------------------------------
ACCT 434 Final Exam Set 1
FOR MORE CLASSES VISIT
www.acct434mart.com
ACC 434 Final Exam 1. (TCO 1) Evaluating customer reaction of the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management? (Points: 5) 2. (TCO 1) Danielle Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity? (Points: 5) 3. (TCO 2) Fixed overhead costs include: (Points: 5) 4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April re collectible, 60% are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month are 70% of the next month's projected total sales. All purchases of inventory are on account; 25% are paid in the month of purchase, and the remainder is paid in the month following the purchase. Brenton's budgeted total cash receipts in April are (Points: 5) 5. (TCO 2) Financing decisions PRIMARILY deal with: (Points: 5) 6. (TCO 3) The cost components of an air conditioner include $35 for the compressor, $11.50 for the sheet molded compound frame, and $80 per unit for assembly.
------------------------------------------------------------------------


ACCT 434 Final Exam Set 2
FOR MORE CLASSES VISIT
www.acct434mart.com
1. (TCO 1) If products are alike, then for costing purposes (Points : 5) 2. (TCO 1) Ireland Company produces a special spray nozzle. The budgetedindirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 80,000. What is the budgeted indirect cost allocation rate for this activity? (Points : 5) 3. (TCO 2) Variable overhead costs include (Points : 5) 4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue ispresented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sales 300,000 400,000 280,000 Total Sales $460,000 $550,000 $400,000 Management estimates that 5% of credit sales are not collectible.
------------------------------------------------------------------------


ACCT 434 Final Exam Set 3
FOR MORE CLASSES VISIT
www.acct434mart.com
ACC 434 Final Exams 1. (TCO 1) a significant limitation of activity-based costing is the (Points: 5) 2. (TCO 1) Ireland Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 80,000. What is the budgeted indirect cost allocation rate for this activity? (Points: 5) 3. (TCO 2) Overhead costs have been increasing due to all of the following except (Points: 5) 4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sales 300,000 400,000 280,000 Total Sales $460,000 $550,000 $400,000 Management estimates that 5% of credit sales are not collectible. Of the credit sales that are collectible, 75% are collected in the month of sale and the remainder in the month following the sale.
------------------------------------------------------------------------


ACCT 434 Final Exam Set 4
FOR MORE CLASSES VISIT
www.acct434mart.com
FINAL EXAM – D 1. (TCO 1) Evaluating customer reaction of the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management? (Points: 5) 2. (TCO 1) Danielle Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity? (Points: 5) 3. (TCO 2) Fixed overhead costs include: (Points: 5) 4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sales 300,000 400,000 280,000 Total Sales $460,000 $550,000 $400,000 Management estimates that 5% of credit sales are not collectible. Of the credit sales that are collectible, 60% are collected in the month of sale and the remainder in the month following the sale.
------------------------------------------------------------------------


ACCT 434 Final Exam Set 5
FOR MORE CLASSES VISIT
www.acct434mart.com
1. (TCO 1) If products are alike, then for costing purposes (Points: 5) 1) If products are different, then for costing purposes: 1. (TCO 1) Evaluating customer reaction of the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management? (Points: 5) 2. (TCO 1) Danielle Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity? (Points: 5) 3. (TCO 2) Fixed overhead costs include (Points: 5) 4. (TCO 2) Information pertaining to Brenton Corporation's sales revenue is presented in the following table: February March April Cash Sales $160,000 $150,000 $120,000 Credit Sales 300,000 400,000 280,000 Total Sales $460,000 $550,000 $400,000 5. (TCO 2) Budgeting provides all of the following EXCEPT (Points: 5) 5. Budgeting is used to help companies: 5. (TCO 2) Financing decisions PRIMARILY deal with: (Points: 5) s 6. (TCO 3) The cost components of an air conditioner include $35 for the compressor, $11.50 for the sheet molded compound frame, and $80 per unit for assembly. The factory machines and tools cost is $55,000. The company expects to produce 1,500 air conditioners in the coming year. What cost function best represents these costs? (Points: 5) 7. (TCO 3) Which cost estimation method analyzes accounts in the subsidiary ledger as variable, fixed, or mixed using qualitative methods? (Points: 5) 8. (TCO 4) Sunk costs: (Points: 5) 9. (TCO 5) In the theory of constraints, the only direct costs are (Points: 5) 9. (TCO 5) Throughput contribution equals revenues minus:
------------------------------------------------------------------------


ACCT 434 Midterm Exam (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
Multiple Choice 10 9 Essay 4 Question 1. Question : (TCO 1) Which of the following is a sign that an ABC system may be useful? Question 2. Question : (TCO 1) Merriamn Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hours $400,000 10,000 hours Account billing lines $280,000 4,000,000 lines Account verification accounts $150,000 40,000 accounts Correspondence letters $ 50,000 4,000 letters Total costs $880,000 How much of account verification costs will be assigned to Department A? Question 3. Question : (TCO 2) Budgeting provides all of the following EXCEPT Question 4. Question : (TCO 2) White planned to use $82 of material per unit but actually used $80 of material per unit, and planned to make 1,200 units but actually made 1,000 units. The sales-volume variance is Question 5. Question : (TCO 3) Which cost estimation method analyzes accounts in the subsidiary ledger as variable, fixed, or mixed using qualitative methods?
------------------------------------------------------------------------


ACCT 434 Week 1 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 1) Production-cost cross-subsidization results from Question 2. Question : (TCO 1) The allocation of indirect costs in an activity-based costing system Question 3. Question : (TCO 1) Evaluating customer reaction of the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management? Question 4. Question : (TCO 1) Undercosting a particular product may result in Question 5. Question : (TCO 1) The most likely example of an output unit-level cost is Question 6. Question : (TCO 1) Unit-level cost drivers are most appropriate as an overhead assignment base when Question 7. Question : (TCO 1) Activity-based management (ABM) includes decisions about all EXCEPT Question 8. Question : (TCO 1) The unique feature of an ABC system is the emphasis on Question 9. Question : (TCO 1) One department indirect-cost rate is sufficient when Question 10. Question : (TCO 1) Rumpole Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $100,000. The budgeted number of nozzles to be inserted is 25,000. What is the budgeted indirect cost allocation rate for this activity?
------------------------------------------------------------------------


ACCT 434 Week 1 Quiz Activity Based Costing (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 1) The average cost data are for In-Sync Fixtures Company's (a retailer) only two product lines, Marblette and Italian Marble.Marblette Italian Marble
Purchase volume 20,000 1,000Purchase cost per unit $50 $250Shipments received 12 12Hours used per shipment * 5 3* These data were accumulated after a careful activity analysis.
Currently, In-Sync Fixtures uses a traditional costing system with indirect costs allocated using purchased cost of goods as a basis. In-Sync Fixtures is considering refining the allocation of its receiving costs of $40,000. It realizes that the Italian Marble is heavier and requires more care than the Marblette but that the Marblette comes in larger volume.
Which statement can be made using the results of the activity analysis performed by In-Sync Fixtures?

------------------------------------------------------------------------


ACCT 434 Week 1-7 All Discussion Questions (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
Week 1 DQ1 ABC Journey
Week 1 DQ2 Workout Room
Week 2 DQ1 Flexible versus Static Budgets
Week 2 DQ2 Workout Room
Week 3 DQ1 Relevant Costs
Week 3 DQ2 Workout Room
Week 4 DQ1 Accounting for Primary Products
Week 4 DQ2 Workout Room
Week 5 DQ1 Pricing Decision
Week 5 DQ2 Workout Room
Week 6 DQ1 Evaluating Managers
Week 6 DQ2 Workout Room
Week 7 DQ1 Quality and Performance
Week 7 DQ2 Workout Room
------------------------------------------------------------------------


ACCT 434 Week 2 Master Budget Flexible Budgets (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 2) Operating budgets and financial budgets
2.
Question :
(TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget.
3.
Question :
(TCO 2) Which budget is not necessary to prepare the budgeted balance sheet?

------------------------------------------------------------------------


ACCT 434 Week 2 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 2) Benchmarking is Question 2. Question : (TCO 2) To gain the benefits of budgeting, _____ must understand and support the budget. Question 3. Question : (TCO 2) Financial budgets include the Question 4. Question : (TCO 2) A flexible budget Question 5. Question : (TCO 2) A favorable variance indicates that Question 6. Question : (TCO 2) Performance evaluation using variance analysis should guard against Question 7. Question : (TCO 2) Overhead costs have been increasing due to all of the following except Question 8. Question : (TCO 2) Katie Enterprises reports the year-end information from 20X8 as follows: Sales (70,000 units) $560,000; Cost of goods sold 210,000; Gross margin 350,000; Operating expenses 200,000; Operating income $150,000. Katie is developing the 20X2 budget. In 20X2, the company would like to increase selling prices by 4%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 20X2? Question 9. Question : (TCO 2) Hester Company budgets on an annual basis for its fiscal year.
------------------------------------------------------------------------


ACCT 434 Week 3 Cost Behavior Decision Making Quality (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified?
2.
Question :
(TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs?

------------------------------------------------------------------------


ACCT 434 Week 3 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 1) ABC systems create Question 2. Question : (TCO 1) Merriamn Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hours $400,000 10,000 hours Account billing lines $280,000 4,000,000 lines Account verification accounts $150,000 40,000 accounts Correspondence letters $ 50,000 4,000 letters Total costs $880,000 The above activities are used by Department A and B as follows: Department A Department B Account inquiry hours 2,000 hours 4,000 hours Account billing lines 400,000 lines 200,000 lines Account verification accounts 10,000 accounts 8,000 accounts Correspondence letters 1,000 letters 1,600 letters How much of the account billing cost will be assigned to Department B? Question 3. Question : (TCO 2) Examples of nonfinancial budgets include all of the following EXCEPT Question 4. Question : (TCO 2) Dalyrymple Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $80,000. The budgeted number of nozzles to be inserted is 40,000. What is the budgeted indirect cost allocation rate for this activity? Question 5. Question : (TCO 3) The conference method estimates cost functions Question 6. Question : (TCO 4) Relevant costs of a make-or-buy decision include all of the following EXCEPT Question 7. Question : (TCO 5) With a constraining resource, managers should choose the product with the ________
------------------------------------------------------------------------


ACCT 434 Week 4 Midterm Exam (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO1) ABC systems create
2.
Question :
(TCO 1) Merriamn Company provides the following ABC costing information:
Activities
Total Costs
Activity-cost drivers
Account inquiry hours
$400,000
10,000 hours
Account billing lines
$280,000
4,000,000 lines
Account verification accounts
$150,000
40,000 accounts
Correspondence letters
$ 50,000
4,000 letters
Total costs
$880,000
------------------------------------------------------------------------


ACCT 434 Week 4 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? Question 2. Question : (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? Question 3. Question : (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? Question 4. Question : (TCO 3) Penny's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20X2 operations: Sales (2,000 televisions) $900,000; Cost of goods sold $400,000; Store manager's salary per year $70,000; Operating costs per year $157,000; Advertising and promotion per year $15,000; Commissions (4% of sales) $36,000. What are the estimated total costs if Penny's expects to sell Question 5. Question : (TCO 4) A decision model involves Question
------------------------------------------------------------------------


ACCT 434 Week 5 Pricing Decisions Management Control Systems (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of
2.
Question :
(TCO 7) The first step in implementing target pricing and target costing is
3.
Question :
(TCO 7) The markup percentage is usually higher if the cost base used is
4.
Question :
(TCO 7) An understanding of life-cycle costs can lead to
5.
Question :
(TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling price is computed by adding a 20% markup to full cost. How much should the selling price be per unit for 300,000 units?
6.
Question :
(TCO 8) A product may be passed from one subunit to another subunit in the same organization. The product is known as
------------------------------------------------------------------------


ACCT 434 Week 5 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
Question 1. Question : (TCO 7) When companies do not want to use market prices or find it too costly, they typically use _____ prices, even though suboptimal decisions may occur. Question 2. Question : (TCO 7) The price of movie tickets for opening day and the few days following compared to the price 6 months later is an example of Question 3. Question : (TCO 7) A product's markup percentage needs to cover operating profits when the cost base is Question 4. Question : (TCO 7) Life-cycle budgeting is particularly important when Question 5. Question : (TCO 7) Each month, Haddon Company has $275,000 total manufacturing costs (20% fixed) and $125,000 distribution and marketing costs (36% fixed). Haddon's monthly sales are $500,000. The markup percentage on full cost to arrive at the target (existing) selling price is Question 6. Question : (TCO 8) The benefits of a decentralized organization are greater when a company Question 7. Question : (TCO 8) The costs used in cost-based transfer prices Question 8. Question : TCO 8) When an industry has excess capacity, market prices may drop well below their historical average. If this drop is temporary, it is called Question 9. Question : (TCO 8) When companies do not want to use market prices or find it too costly, they typically use _____ prices, even though suboptimal decisions may occur. Question 10. Question : (TCO 8) Division A sells soybean paste internally to Division B, which, in turn, produces soybean burgers that sell for $5 per pound. Division A incurs costs of $0.75 per pound and Division B incurs an additional cost of $2.50 per pound. Which of the following formulas correctly reflects the company's operating income per pound?
------------------------------------------------------------------------


ACCT 434 Week 6 Customer Profitability Capital Budgeting (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 9) To guide cost allocation decisions,the benefits-received criterion
2.
Question :
(TCO 9) A challenge to using cost-benefit criteria for allocating costs isthat
3.
Question :
(TCO 9) The MOST likely reason for NOT allocating corporate costs todivisions include that
4.
Question :
(TCO 9)Identifying homogeneous cost pools
5.
Question :
(TCO 9) The Hassan Corporation has an electric mixer division and an electric lamp division. Of a $20,000,000 bond issuance, the electric mixer division used $14,000,000 and the electric lamp division used $6,000,000 for expansion. Interest costs on the bond totaled $1,500,000 for the year. What amount of interest costs should be allocated to the electric lamp division?
------------------------------------------------------------------------


ACCT 434 Week 6 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 9) To guide cost allocation decisions, the benefits-received criterion Question 2. Question : (TCO 9) Which cost-allocation criterion is superior when making an economic decision? Question 3. Question : (TCO 9) The MOST likely reason for allocating all corporate costs to divisions include that Question 4. Question : (TCO 9) Identifying homogeneous cost pools Question 5. Question : (TCO 9) The Hassan Corporation has an electric mixer division and an electric lamp division. Of a $20,000,000 bond issuance, the electric mixer division used $14,000,000 and the electric lamp division used $6,000,000 for expansion. Interest costs on the bond totaled $1,500,000 for the year. What amount of interest costs should be allocated to the electric lamp division? Question 6. Question : (TCO 10) The capital budgeting method, which calculates the expected monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present using the required rate of return, is the Question 7. Question : (TCO 10) Assume your goal in life is to retire with $1 million. How much would you need to save at the end of each year if investment rates average 9% and you have a 15-year work life? Question 8. Question : (TCO 10) The net-present-value method focuses on Question
------------------------------------------------------------------------


ACCT 434 Week 7 Quality Control Inventory Management (Devry)
FOR MORE CLASSES VISIT
www.acct434mart.com
1.
Question :
(TCO 11)The four cost categories in a cost of quality program are
2.
Question :
(TCO 11) ________ is a formal means ofdistinguishing between random and nonrandom variation in an operatingprocess.
3.
Question :
(TCO 11) Which of the following is NOT one of the steps in managingbottlenecks under the theory of constraints?

------------------------------------------------------------------------


ACCT 434 Week 7 Quiz (New)
FOR MORE CLASSES VISIT
www.acct434mart.com
1. Question : (TCO 11) Nonfinancial measures for internal quality performance include all but which of the following? Question 2. Question : (TCO 11) Which of the following is NOT a nonfinancial performance measure for customer satisfaction? Question 3. Question : (TCO 11) Which of the following is NOT one of the three main measurements in the theory of constraints? Question 4. Question : (TCO 11) Scrap is an example of Question 5. Question : (TCO 11) Regal Products has a budget of $900,000 in 20X3 for prevention costs. If it decides to automate a portion of its prevention activities, it will save $60,000 in variable costs.
------------------------------------------------------------------------