ACCT 505 course Marvelous Learning /snaptutorial.com

1
ACCT 505 Course Marvelous Learning /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Entire Course (New) For more classes
visit www.snaptutorial.com   ACCT 505 Week 1-7
All Discussion Questions ACCT 505 Week 1 Case
Study ACCT 505 Week 2 Quiz Job Order and Process
Costing Systems ACCT 505 Week 2 Quiz Set 2 ACCT
505 Week 3 Case Study II
3
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Entire Course For more classes
visits www.snaptutorial.com     ACCT 505 Week 1-7
All Discussion Questions  ACCT 505 Week 1 Case
Study  ACCT 505 Week 2 Quiz Job Order and Process
Costing Systems  ACCT 505 Week 3 Case Study
II ACCT 505 Week 4 Midterm Exam ACCT 505 Week 5
Measuring Performance - Course Project A ACCT 505
Week 6 Quiz Segment Reporting and Relevant Costs
for Decisions ACCT 505 Week 7 Capital Budgeting
Course Project
4
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Final Exam (New) All 3 Set For more
classes visit www.snaptutorial.com   Score
248/250 Multiple Choice 2 Short 2 Essay 7
Question 1 (TCO E) Designing a new product is
a(n)
5
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Final Exam Guide (New) Set 1 For more
classes visit www.snaptutorial.com   Score
248/250 Multiple Choice 2 Short 2 Essay 7
Question 1 (TCO E) Designing a new product is
a(n) 2. Question (TCO G) Given the following
data, what would ROI be? Sales 70,000 Net
operating income 10,000 Contribution margin
20,000 Average operating assets
50,000 Stockholder's equity 25,000
6
ACCT 505 Course Marvelous Learning /
snaptutorial.com

• ACCT 505 Final Exam Guide (New) Set 2
• For more classes visit
• www.snaptutorial.com
•  
• Set 2
• (TCO C) Madlem, Inc., produces and sells a single
  product whose selling price is 120.00 per unit
  and whose variable expense is 46.20 per unit.
  The company's fixed expense is 405,900 per
  month.
• Required Determine the monthly breakeven in
  either unit or total dollar sales. Show your
  work! (Points 25)
• Question 2.2. (TCO B) Industrial Supply
  Corporation uses the weighted-average method in
  its process costing system. Data concerning the
  first processing department for the most recent
  month are listed below.

7
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Final Exam Guide (New) Set 3 For more
classes visit www.snaptutorial.com   (TCO E)
Preparing purchase orders is a(n) (Points 5)
batch-level activity. product-level
activity. unit-level activity.
organization sustaining activity.
8
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Final Exam For more classes
visit www.snaptutorial.com   ACCT 505 Final Exam
9
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Midterm Exam (New) Set 1 For more
classes visit www.snaptutorial.com   Score
144/150 Multiple Choice 10 Essay 4 1. (TCO A)
Direct material cost is a part of (Points 6)
Conversion Cost NO.... Prime Cost NO.
Conversion Cost YES.... Prime Cost NO.
Conversion Cost YES.... Prime Cost YES.
Conversion Cost NO.... Prime Cost YES.
10
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Midterm Exam (New) Set 2 For more
classes visit www.snaptutorial.com   Multiple
Choice 10 9 Essay 4 Question 1. Question (TCO
A) The variable portion of advertising costs is a
Student Answer Conversion YES... Period NO.
Conversion YES .... Period YES. Conversion NO....
Period NO. Conversion NO.... Period YES. Question
2. Question (TCO A) A cost incurred in the past
that is not relevant to any current decision is
classified as a(n) Student Answer period cost.
incremental cost. opportunity cost. None of the
above Question 3. Question (TCO A) Property
taxes on a company's factory building would be
classified as a(n) Student Answer variable cost.
opportunity cost. period cost. product cost.
Question 4. Question
11
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 1 Case Study For more classes
visit www.snaptutorial.com   Top Switch Inc.
designs and manufactures switches used in
telecommunications. Serious flooding throughout
the state of Tennessee affected Top Switchs
facilities. Inventory was completely ruined, and
the companys computer system, including all
accounting records, was destroyed.  Before the
unfortunate incident, recovery specialists
cleaned the buildings. The company controller is
very nervous and anxious to recover whatever
records he can to support the insurance claim for
the destroyed inventory. After consulting with
the cost accountant, they decide to retrieve the
previous years annual report for the beginning
inventory numbers. In addition, they also agreed
that they need first quarter cost data.
12
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 1-7 All Discussion Questions For
more classes visit www.snaptutorial.com   Week
1DQ 1 Cost Terms, Classifications, and
Behavior Week 1DQ 2 Research and Application Week
2DQ 1 Job Order and Process Costing Systems Week
2DQ 2 Research and Application Week 3DQ 1
Variable Costing and CVP Concepts Week 3DQ 2
Research and Application Week 4DQ 1 Budgeting
Case Study
13
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 2 Quiz Job Order and Process
Costing Systems For more classes
visit www.snaptutorial.com   1.Question (TCO F)
For which situation(s) below would an
organization be more likely to use a job-order
costing system of accumulating product
costs rather than a process costing
system? 2.Question (TCO F) Process costing would
be appropriate for each of the following except
14
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 2 Quiz Set 2 For more classes
visit www.snaptutorial.com   Essay 4 Multiple
Choice 6 Question 1. Question (TCO B) Assume
there is no beginning work in process inventory
and the ending work in process inventory is 100
complete with respect to materials costs. The
number of equivalent units with respect to
materials costs under the weighted average method
is Student Answer the same as the number of
units completed. less than the number of
units put into production. the same as the
number of units put into production. less
than the number of units completed.
15
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 3 Case Study II For more classes
visit www.snaptutorial.com   Springfield Express
is a luxury passenger carrier in Texas. All seats
are first class, and the following data are
available Number of seats per passenger train
car 90 Average load factor (percentage of seats
filled) 70 Average full passenger
fare 160 Average variable cost per
passenger 70 Fixed operating cost per
month 3,150,000
16
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 4 Midterm Exam For more classes
visit www.snaptutorial.com   1.Question (TCO A)
Wages paid to an assembly line worker in a
factory are a 2.Question (TCO A) A cost
incurred in the past that is not relevant to any
current decision is classified as a(n) 3.Question
(TCO A) Depreciation of office buildings and
office equipment is also known as 4.Question
(TCO A) When the activity level is expected to
increase within the relevant range, what effects
would be anticipated with respect to each of the
following?
17
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 5 Course Project 1 LBJ Company
(New) For more classes visit www.snaptutorial.co
m   COURSE PROJECT 1 INSTRUCTIONS You have just
been contracted as a budget consultant by LBJ
Company, a distributor of bracelets to various
retail outlets across the country. The company
has done very little in the way of budgeting and
at certain times of the year has experienced a
shortage of cash.
18
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 5 Measuring Performance - Course
Project A For more classes visits www.snaptutorial
.com     Prepare a master budget for the
three-month period ending June 30. Include the
following detailed budgets 1. oa. A sales
budget, by month and in total. ob. A schedule of
expected cash collections from sales, by month
and in total. oc. A merchandise purchases budget
in units and in dollars. Show the budget by month
and in total. od. A schedule of expected cash
disbursements for merchandise purchases, by month
and in total.
19
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 6 Quiz Segment Reporting and
Relevant Costs for Decisions For more classes
visit www.snaptutorial.com   Question (TCO D)
Return on investment (ROI) is equal to the margin
multiplied by 2. Question (TCO D) For which of
the following decisions are opportunity costs
relevant? The decision to make or buy a needed
part The desision to keep or drop a product line
20
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 6 Quiz Set 2 For more classes
visit www.snaptutorial.com   Multiple Choice
3 Short 5 Question 1. Question (TCO D) Return
on investment (ROI) is equal to the margin
multiplied by Question 2. Question (TCO D)
For which of the following decisions are
opportunity costs relevant? The decision to
make or buy a needed part The decision to keep or
drop a product line
21
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 7 Capital Budgeting Course
Project  For more classes visits www.snaptutorial.
com     Here is Part B Clark Paints The
production department has been investigating
possible ways to trim total production costs. One
possibility currently being examined is to make
the paint cans instead of purchasing them. The
equipment needed would cost 200,000 with a
disposal value of 40,000 and would be able to
produce 5,500,000 cans over the life of the
machinery.
22
ACCT 505 Course Marvelous Learning /
snaptutorial.com
ACCT 505 Week 7 Course Project 2 Capital
Budgeting Decision (New) For more classes
visit www.snaptutorial.com   ACCT 505 Course
Project 2 Hampton Company Capital Budgeting
Decision Hampton Company The production
department has been investigating possible ways
to trim total production costs. One possibility
currently being examined is to make the cans
instead of purchasing them. The equipment needed
would cost 1,000,000, with a disposal value of
200,000, and would be able to produce 27,500,000
cans over the life of the machinery. The
production department estimates that
approximately 5,500,000 cans would be needed for
each of the next 5 years.
23
ACCT 505 Course Marvelous Learning /
snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com