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Practice test Chap13

# Practice test Chap13 - Practice Test Chapter 13 Acctg 203 1...

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Practice Test Chapter 13 Acctg 203 1. Opportunity costs are: A) the same as variable costs. B) relevant to decision making. C) not used for decision making. D) the same as historical costs. 2. Ellis Television makes and sells portable televisions. Each television regularly sells for \$210. The following cost data per television is based on a full capacity of 10,000 televisions produced each period. D i r e c t m a t e r i a l s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 8 0 D i r e c t l a b o r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 6 0 M a n u f a c t u r i n g o v e r h e a d ( 7 0 % v a r i a b l e a n d 3 0 % u n a v o i d a b l e f i x e d ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$ 4 0 Ellis has received a special order for a sale of 2,000 televisions to an overseas customer. The only selling costs that would be incurred on this order would be \$6 per television for shipping. Ellis is now selling 6,000 televisions through regular channels each period. What should be the minimum selling price per television in negotiating a price for this special order? A) \$168 B) \$180 C) \$174 D) \$210 Use the following to answer questions 3-4: The Tingey Company has 500 obsolete microcomputers that are carried in inventory at a total cost of \$720,000. If these microcomputers are

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Practice test Chap13 - Practice Test Chapter 13 Acctg 203 1...

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