SOPHIA will be down Wednesday, December 7, 2016 at 4:30 AM (CST) for a little housecleaning. We are sorry if this causes you any trouble. The outage should last less than 5 minutes.

ACCT434 Final Exam

ACCT434 Final Exam

Author: Christine Farr

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)Fixed 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. Of the credit sales that are collectible, 75% are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month are 80% of the next month's projected total sales.All purchases of inventory are on account; 50% 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)Budgeting provides all of the following except (Points : 5)
6. (TCO 3) The cost function y = 1,000 + 5X (Points : 5)
7. (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? (Points : 5)
8. (TCO 4)Sunk costs (Points : 5)
9. (TCO 5) Through put contribution equals revenues minus (Points : 5)
10. (TCO 5) Producing more nonbottleneck output (Points : 5)
11. (TCO 6) What type of cost is the result of an event that results in more than one product or service simultaneously? (Points : 5)
12. (TCO 6) Which of the following is a disadvantage of the physical-measuremethod of allocating joint costs? (Points : 5)
13. (TCO 7) Life-cyclecosting is the name given to (Points : 5)
14. (TCO 7) Each month, Haddon Company has $300,000 total manufacturingcosts (20% fixed) and $125,000 distribution and marketing costs (75% fixed). Haddon's monthly sales are $500,000.
The markup percentage on variable costs to arrive at the existing (target) selling price is
(Points : 5)
15. (TCO 8) The costs used in cost-based transfer prices (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

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.