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Quiz 4 - [ACCT3104 MANAGERIAL COSTING AND CONTROL(ST LUCIA...

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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 Answer the following questions using the information below:
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Jim's 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars: Geo Prizm Honda Civic Acquisition cost $15,000 $3,000 Repairs $ 3,000 Annual operating costs (Gas, maintenance, insurance) $ 2,280 $2,100 The cost NOT relevant for this decision is the:
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repairs to the Geo Prizm annual operati ng costs of the Honda Civic acquisit ion cost of the Honda Civic acquisit ion cost of the Geo Prizm Question 2 1 points Save When there is excess capacity, it makes sense to accept a one-time-only
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special order for less than the current selling price when:
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additi onal fixed costs must be incurr ed to accom modat e the order it never makes sense incre menta l reven ues excee d incre menta l costs the compa ny placin g the order is in the same marke t segme
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Question 3 1 points Save Answer the following questions using the information below: Braun's Brakes manufactures three different product lines, Model X, Model Y, and Model Z. Considerable market demand exists for all models. The following per unit data apply: Model X Model Y Model Z Selling price $50 $60 $70 Direct materials 6 6 6 Direct labor ($12 per hour) 12 12 24 Variable support costs ($4 per machine-hour) 4 8 8 Fixed support costs 10 10 10 If there is a machine breakdown, which model is the most profitable to produce?
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Model X Model Y Model Z Models Y and Z Question 4 1 points Save Employee morale at Dos Santos, Inc., is very high. This type of information is known as a:
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nonme asurabl e factor qualitat ive factor financi al factor quantit ative factor Question 5 1 points Save In product-mix decisions:
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focus on the full costs of the produc t focus on the produc t with the greates t contrib ution margin per machi ne- hour never focus on the short- term, but includ e only long- term consid eration s always focus on maxim
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Question 6 1 points Save For machine-replacement decisions, depreciation is a cost that is: increm ental not relevan t variabl e differe ntial Question 7 1 points Save Answer the following questions using the information below: Denly Company has three products, A, B, and C. The following information is available: Product AProduct BProduct C Sales $60,000 $90,000 $24,000 Variable costs 36,00048,00015,000 Contribution margin 24,000 42,000 9,000 Fixed costs: Avoidable 9,000 18,000 6,000 Unavoidable 6,0009,0005,400
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Operating income $ 9,000 $15,000 $ (2,400)
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