Quiz and Homework Week 2 cost Accounting

Quiz and Homework Week 2 cost Accounting - Week 2 Quiz and...

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W e e k 2 Q u i z a n d H o m e w o r k P a g e | 1 Grade for Ann Ball: Week 2 Quiz Numeric grade: 18/30 Letter grade: Comments: Ann, I know this was a tough week but thank you for a very nice quiz under the circumstances. < Close Window
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W e e k 2 Q u i z a n d H o m e w o r k P a g e | 2 Autograde Summary Date Taken: 3/15/2011 10:25:27 PM Time Spent: 1:16:09 (1:30 allowed) Points Received: 18 / 30 (60%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 10 6 Grade Details 1. Question: (TCO 2) If initial budgets prove unacceptable, planners achieve the MOST benefit from: Your Answer: planning again in  light of feedback  and current  conditions CORRECT deciding not to  budget this year accepting an  unbalanced budget using last year's  budget Instructor Explanation: Chapter 6, page 182 Points Received: 3 of 3 2. Question: (TCO 2) To gain the benefits of budgeting ________ must understand and support the budget.
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W e e k 2 Q u i z a n d H o m e w o r k P a g e | 3 Your Answer: Instructor Explanation: Chapter 6, page 184 Points Received: 3 of 3 3. Question: (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet? Your Answer: Instructor Explanation: Chapter 6, page 187 Points Received: 3 of 3 4. Question: (TCO 2) A feature of a standard-costing system is that the costs of every product or service planned to be  worked on during the period can be computed at the start of that period.  This feature of standard costing  makes it possible to Your Answer:
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W e e k 2 Q u i z a n d H o m e w o r k P a g e | 4 Instructor Explanation: Chapter 7, page 232 Points Received: 0 of 3 5. Question: (TCO 2) An unfavorable variance indicates that: Your Answer: Instructor Explanation: Chapter 7, page 227 Points Received: 0 of 3 6. Question: (TCO 2) Which of the following statements is true about overhead cost variance analysis using activity- based costing? Your Answer: Instructor Explanation: Chapter 8, page 275 Points Received: 3 of 3 7. Question: (TCO 2) Overhead costs have been increasing due to all of the following except: Your Answer:
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W e e k 2 Q u i z a n d H o m e w o r k P a g e | 5 Instructor Explanation: Chapter 8, page 261-262 Points Received: 3 of 3 8. Question:
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This note was uploaded on 04/03/2011 for the course ACCT 434 taught by Professor Hayes during the Spring '11 term at DeVry Kansas City.

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Quiz and Homework Week 2 cost Accounting - Week 2 Quiz and...

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