Quiz 12 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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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 T a k e A s s e s s m e n t : q u i z 1 1 2 t h e d n 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 S a v e W h e n d e c i d i n g w h e t h e r t o d i s c o n t i n u e Question 1 a s e g m e n t o f a b u s i n e s s , r e l e v a n t c o s t s i n c l u d e a l l o f t h e f o l l o w i n g E X C E P T : 1 p o i n t s variable marketing costs per unit of product sold fixed supervision costs that can be eliminated cost of goods sold future administrati ve costs that will continue S a v e O p p o r t u n i t y c o Question 2 s t ( s ) : 1 p o i n t s are most important to financial accountants should be maximized by organizatio ns are recorded as an expense in the accounting records of a resource with excess capacity is zero S a v e A n s w e r t h e f o l l o w i n g q u e s t i o n s u s Question 3 i n g t h e i n f o r m a t i o n b e l o w : S t e p h a n s C o r p o r a t i o n c u r r e n t l y m a n u f a c t u r e s a s u b a s s e m b l y f o r i t s m a i n p r o d u c t . T h e c o s t s p e r u n i t a r e a s f o l l o w s : D i r e c t m a t e r i a l s $ 1 . D i r e c t l a b o r 1 . V a r i a b l e o v e r h e a d 5 . F i x e d o v e r h e a d 8 . T o t a l $ 2 4 . B i l l C o m p a n y h a s c o n t a c t e d S t e p h a n s w i t h a n o f f e r t o s e l l t h e m 5 , o f t h e s u b a s s e m b l i e s f o r $ 2 2 . e a c h . S t e p h a n s w i l l e l i m i n a t e $ 2 5 , o f f i x e d o v e r h e a d i f i t a c c e p t s t h e p r o p o s a l . S h o u l d S t e p h a n s m a k e o r b u y t h e s u b a s s e m b l i e s ? W h a t i s t h e d i f f e r e n c e b e t w e e n t h e t w o a l t e r n a t i v e s ? 1 p o i n t s Make; savings = $60,000 Buy; savings = $20,000 Buy; savings = $50,000 Make; savings = $5,000 Question 4 1 points Save 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 Remaining life 10 years 10 years Salvage value in 10 years $ 0 $ 0 Annual depreciation $ 4,000 $ 18,000 If Flowers For Everyone replaces the existing delivery van with the new one, over the next 10 years operating income will:...
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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 12 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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