1. When the level of activity increases within the relevant range, how does each of the following change?
A. Choice A
B. Choice B
C. Choice C
D. Choice D
2. Which costs will change with a decrease in activity within the relevant range?
A. Total fixed co
Task Team of FUNDAMENTAL ACCOUNTING
School of Business, Sun Yat-sen University
Managerial Accounting II: Application
I. True and False Questions
1. Decision making is a distinct management activity that should be separated from budgeti
A noted earlier, all product costs are charged to inventory. To facilitate this process,
manufacturers break inventory into three categories: RM inventory, WIP inventory, and
FG inventory. There are two categories of direct cost (DL & DM)
1. An increase in the activity level within the relevant range results in:
A. an increase in fixed cost per unit.
B. a proportionate increase in total fixed costs.
C. an unchanged fixed cost per unit.
D. a decrease in fixed cost per unit.
Solutions for Questions and Problems Chapter 7
CHAPTER 8 CAPITAL GAINS AND LOSSES
Group 1 - Multiple Choice Questions 1. 2. 3. 4. 5. 6. C E E C C C (Section 8.1) (Section 8.1) ($77,500 55,000) (Section 8.3) (Section 8.4) 8,000 + (15% x $50,000) (Secti
Extra Work Ch 1 - 4
1. _ is an example of a staff position.
A. Sales manager for a manufacturer
B. President of a merchandising company
C. Store manager for Best Buy
D. Human resource manager for a community college
2. One of the steps in the l
1. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point?
The West Division of Fitzmaurice Corporation had average operating assets of $450,
Name: _ Section: 004 and 005 University of Texas at Arlington Mid-Term 2 Acct 2302- Fall 2009 Chandra Subramaniam THIS EXAM IS 100 MINUTES LONG. This exam consists of 30 multi choice questions. Please use your Scantron sheet for this section. Please make
ACC256 - Review for Final
Comprehensive Multiple Choice
1. If a company follows a practice of isolating variances at the earliest point in time, what would be the
appropriate time to isolate and recognize a direct material price variance?
A. When material
True/False Questions 1. Job-order costing is used in manufacturing companies and process costing is used in service companies. Ans: False AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting LO: 1 Level: Easy 2. A flour manufacturer
HIGHLINE COMMUNITY COLLEGE
ACCTG 203: Managerial Accounting On-Line
Spring Quarter 2011
CONTACT POLICY I
will make contact with you through your myHCC email account. Alternate
email addresses and telephone contacts will be attempted only if the matter is
Review of Chapter 6 1. Finnefrock Inc. produces and sells a single product. The company has provided its contribution format income statement for December.
If the company sells 9,200 units, its net operating income should be closest to: $95,800 2. Last ye
1. Which of the following statements is true?
A. When production exceeds sales, a manufacturing company's variable costing net operating
income will usually be greater than its absorption costing net operating income.
B. The variable costing method
Managerial Accounting Final Exam Winter 2007 Student Number: _ Pledge: On my honor I have neither given or received help on this exam. I understand that any violation of the University Honor Policy will result in an automatic zero on this exam, and that I
BUS 202 Spring 2010 Test 2
1. Expense A is a fixed cost; expense B is a variable cost. During the current year the activity level has
increased, but is still within the relevant range. In terms of cost per unit of activity, we would expect that
Product Costing Systems: Concepts and Design Issues
A. Cost Management Challenges There are three questions addressed in this chapter:
1. What are the significant inputs to a production process, and how do cost managers
(Form 1040A or 1040)
Department of the Treasury Internal Revenue Service (99) Name(s) shown on return
Interest and Ordinary Dividends
Attach to Form 1040A or 1040. See instructions on back.
OMB No. 1545-0074
Attachment Sequence No. 08 Your soci
BUS 202 Spring 2010 Test 1
Student: _ 1. An example of a period cost is: A. fire insurance on a factory building. B. salary of a factory supervisor. C. direct materials. D. rent on a headquarters building.
2. Within the relevant range, the difference betw
Sample Test 2
Student: _ 1. Maintenance costs at a Neller Corporation factory are listed below:
Management believes that maintenance cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed component