QUIZ1 - - Instructions Name Quiz 1 Chapters 1,2,3,6 and 10...

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Unformatted text preview: - Instructions Name Quiz 1 Chapters 1,2,3,6 and 10 Instructions Multiple Attempts This Test allows 3 attempts. This is attempt number 1. Force Completion This Test can be saved and resumed later. Test/Survey Status Question 1 1. Manufacturing overhead costs may include all of the following EXCEPT: Answer 1 points Question 2 1. Classifying a cost as either direct or indirect depends upon: Answer 1 points Question 3 1. Answer the following questions using the information below: The following information pertains to Alleigh's Mannequins: Manufacturing costs \$1,500,000 Units manufactured 30,000 Units sold 29,500 units sold for \$85 per unit Beginning inventory 0 units What is the amount of gross margin? Answer 1 points Question 4 1. Period costs: Answer 1 points Question 5 1. Fixed costs depend on the: Answer 1 points Question 6 1. Conversion costs include: Answer 1 points Question 7 1. Merchandise inventory would normally include: Answer 1 points Question 8 1. Contribution margin equals: Answer 1 points Question 9 1. How many units would have to be sold to yield a target operating income of \$22,000, assuming variable costs are \$15 per unit, total fixed costs are \$2,000, and the unit selling price is \$20?...
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This note was uploaded on 04/16/2011 for the course FIN 11 taught by Professor Kj during the Spring '11 term at Central New Mexico Community College.

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QUIZ1 - - Instructions Name Quiz 1 Chapters 1,2,3,6 and 10...

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