Quiz 1-solution

Quiz 1-solution - [ACCT3104] MANAGERIAL COSTING AND CONTROL...

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[ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > ASSESSMENT > QUIZZES > REVIEW ASSESSMENT: QUIZ 1 12TH EDN Review Assessment: quiz 1 12th edn
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User Winnie Teo Submitted 8/27/08 10:58 PM Name quiz 1 12th edn Status Completed Score 26 out of 30 points Time Elapsed 0 hours, 59 minutes, and 32 seconds out of 1 hours and 5 minutes allowed. Instructions
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Question 1 1 out of 1 points If Horsley Corporation doesn't use one of its limited resources in the best possible way, the lost contribution to income could be called a(n): Selected Answer: opportunity cost Question 2 1 out of 1 points Problems that should be avoided when identifying relevant costs include all of the following EXCEPT: Selected Answer: using total costs that separate variable and fixed components Question 3 1 out of 1 points The incremental costs of producing one more unit of product include all of the following EXCEPT: Selected Answer: fixed overhead costs Question 4 1 out of 1 points Which of the following costs are never relevant in the decision-making process?
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Selected Answer: historical costs Question 5 1 out of 1 points Pearce Sign Company manufactures signs from direct materials to the finished product. This is considered: Selected Answer: insourcing Question 6 1 out of 1 points 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 the special order is accepted? Selected Answer: $1,800 increase in operating profits Question 7 1 out of 1 points
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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:
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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-solution - [ACCT3104] MANAGERIAL COSTING AND CONTROL...

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