Quiz 1 - [ACCT3104 MANAGERIAL COSTING AND CONTROL(ST LUCIA AND IPSWICH SEMESTER 2 2008(ACCT3104S_5860IPX > TAKE ASSESSMENT QUIZ 1 12TH EDN Take

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[ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > TAKE ASSESSMENT: QUIZ 1 12TH EDN Take Assessment: quiz 1 12th edn Name quiz 1 12th edn Instructions Timed Assessment This Test has a 1 hour and 5 minute timer.The elapsed time appears at the top right of the window. A 1 minute warning will be displayed. Multiple Attempts This Test allows 3 attempts. This is attempt number 1. Force Completion This Test must be completed now.
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Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Question 1 1 points Save If Horsley Corporation doesn't use one of its limited resources in the
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best possible way, the lost contribution to income could be called a(n): opportu nity cost fixed cost variabl e cost sunk cost Question 2 1 points Save Problems that should be avoided when identifying relevant costs include all of the following EXCEPT:
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assumi ng all variabl e costs are relevan t using unit costs that do not separat e variabl e and fixed compo nents assumi ng all fixed costs are irrelev ant using total costs that separat e variabl e and fixed compo nents
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Question 3 1 points Save The incremental costs of producing one more unit of product include all of the following EXCEPT: direct materia ls variabl e overhe ad costs direct labor fixed overhe ad costs Question 4 1 points Save Which of the following costs are never relevant in the decision-making process?
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historic al costs relevan t costs fixed costs variabl e costs Question 5 1 points Save Pearce Sign Company manufactures signs from direct materials to the finished product. This is considered:
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outsour cing sunk costing relevan t costing insourc ing Question 6 1 points Save Ratzlaff Company has a current production level of 20,000 units per month. Unit costs at this level are: Direct materials $0.25 Direct labor 0.40 Variable overhead 0.15 Fixed overhead 0.20 Marketing - fixed 0.20 Marketing/distribution - variable 0.40 Current monthly sales are 18,000 units. Jim Company has contacted Ratzlaff Company about purchasing 1,500 units at $2.00 each. Current sales would not be affected by the one-time-only special order, and variable marketing/distribution costs would not be incurred on the special order. What is Ratzlaff Company's change in operating profits if
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the special order is accepted? $1,800 increas e in operati ng profits $400 decreas e in operati ng profits $1,800 decreas e in operati ng profits $400 increas e in operati ng profits Question 1 points Save
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7 Answer the following questions using the information below: Flowers For Everyone is considering replacing its existing delivery van with a new one. The new van can offer considerable savings in operating costs. Information about the existing van and the new van follow: Existing vanNew van Original cost $100,000 $180,000 Annual operating cost $ 35,000 $ 20,000 Accumulated depreciation $ 60,000 Current salvage value of the existing van $ 45,000
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This note was uploaded on 10/21/2009 for the course ACCT 3104 taught by Professor Mrssandralazzarini during the One '09 term at Queensland.

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Quiz 1 - [ACCT3104 MANAGERIAL COSTING AND CONTROL(ST LUCIA AND IPSWICH SEMESTER 2 2008(ACCT3104S_5860IPX > TAKE ASSESSMENT QUIZ 1 12TH EDN Take

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