ACCT.tiff - Submission View Released Jun 3 2017 12:10 PM...

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Unformatted text preview: Submission View Released: Jun 3, 2017 12:10 PM questioni Question 1 0 I 0.5 points At a sales volume of 35,000 units, Cly Corporation's sales commissions (a cost that is variable with respect to sales volume) total \$525,000. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 36,100 units? (Assume that this sales volume is within the relevant range.) . \$525,000 \$509,003 \$533,250 \$541,500 v Hide Feedback Sales commission per unit = Total sales commissions + Unit sales = \$525,000 5 35,000 = \$15.00 Total sales commission = Sales commission per unit x Unit sales = \$15.00 x 36,100 = \$541,500 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difﬁculty: 1 Easy Learning Objective: 02-04 Understand cost classiﬁcations used to predict cost behavior: variable costs; ﬁxed costs; and mixed costs. question2 Question 2 0.5 l 0.5 points Conversion cost equals product cost less direct labor cost. True 0 False 7 Hide Feedback correct AACSB: Reﬂective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Analyze Difﬁculty: 3 Hard Lea rning Objective: 02-03 Understand cost classiﬁcations used to prepare ﬁnancial statements: product costs and period costs. question?! Question 3 0.5 I 0.5 points Property taxes and insurance premiums paid on a factory building are examples of period costs. True 0 False D View Feedback ...
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