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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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 ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern