Quiz 11 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > ASSESSMENT > QUIZZES > 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 2. Force Completion This Test must be completed now. 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: Raines Company manufactures three sizes of kitchen appliances: small, medium, and large. Product information is provided below. SmallMediumLarge Unit selling price $150 $250 $500 Unit costs: Variable manufacturing (60) (120) (200) Fixed manufacturing (40) (50) (120) Variable selling and administrative (30)(30)(30) Unit profit $ 20 $ 50 $150 Demand in units 100 120 100 Machine-hours per unit 20 40 100 The maximum machine-hours available are 6,000 per week. What is the contribution margin per machine-hour for a large chair? $1.80 $2.70 $5.00 $3.00 Question 2 1 points Save A computer system installed last year is an example of a(n): avoida ble cost relevan t cost sunk cost differe ntial cost Question 3 1 points Save Factors used to decide whether to outsource a part include: the origina l cost of equip ment current ly used for produc tion of that part past design costs used to develo p the current compo sition of the part the supplie r's cost of direct materi als if the supplie r is reliabl e Question 4 1 points Save A recent college graduate has the choice of buying a new auto for $20,000 or investing the money for four years with a 6% expected annual rate of return. If the graduate decides to purchase the auto, the BEST estimate of the opportunity cost of that decision is: $20,00 0 zero since there is no opportu nity cost for this decisio n $1,200 $4,800 Question 5 1 points Save For machine-replacement decisions, depreciation is a cost that is: increm ental not relevan t variabl e differe ntial Question 6 1 points Save Which of the following minimize the risks of outsourcing? the respon sibility for on- time deliver y is now the respon sibility of the suppli er buildin g close relatio nships with the suppli er the use of short- term contra cts that specif y price All of these answer s are correct . Question 7 1 points Save Answer the following questions using the information below: Konrade's Engine Company manufactures part TE456 used in several of its engine models. Monthly production costs for 1,000 units are as follows: Direct materials $ 40,000 Direct labor 10,000 Variable overhead costs 30,000 Fixed overhead costs 20,000 Total costs $100,000 It is estimated that 10% of the fixed overhead costs assigned to TE456 will no longer be incurred if the company purchases TE456 from the...
View Full Document

This note was uploaded on 10/21/2009 for the course ACCT 3104 taught by Professor Mrssandralazzarini during the One '09 term at Queensland.

Page1 / 42

Quiz 11 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online