EXAM 7
A company's purchasing department negotiates all of the purchasing contracts for raw
materials. Which variance is most useful in assessing the performance of the purchasing
department?
A. Materials quantity variance
B. Materials price variance
C. L
EXAM 8
A company uses the indirect method to prepare the statement of cash flows. It presents the following amounts
on its financial statements.
Accounts receivable
End of this year
End of prior year
$105,000
$100,000
Cost of goods sold
550,000
Sales reve
EXAM 5
The area to the right of the breakeven point and between the total revenue line and the total
expense line represents:
A. expected profits.
B. expected losses.
C. variable expenses.
D. fixed expenses.
To find the number of units that need to be sol
EXAM 3
WIP inventory, January 1
0 units
Units started
7,500
Units completed and transferred out
3,300
WIP inventory, December 31
4,200
Direct materials
$15,500
Direct labor
$18,400
Manufacturing overhead
$9,000
The units in ending WIP inventory were 90% c
EXAM 2
Kramer Company manufactures coffee tables and uses an activity-based costing system to
allocate all manufacturing conversion costs. Each coffee table consists of 20 separate parts
totaling $240 in direct materials, and each requires 5 hours of mach
Exam 1
Winner's Sporting Equipment manufactures sporting goods. Selected costs from the past year include the
following.
Plastics used to make products
$151,000
Heating and lighting costs for factory
65,000
Factory janitor wages
67,000
Costs of shipping t
If 20 people are selected at random, d the probability that at least 2 of them have the same birthday.
n
A. 0.31
B. 0.42
C. 0.45
D.0.41
The following are defined using recursion formulas. Write the first four terms of each sequence.
a1 = 4 and an = 2an-1
KingSolomonisassociatedwithallofthefollowingEXCEPT:
he ruled a united kingdom.
he built a temple.
his capital was Jerusalem.
controlled all of the Middle
East.
AsetofcommentariesontheVedasthatemphasizedspiritualmeditationwerethe:
Upanishads.
Kamasutra.
Ri
KingSolomonisassociatedwithallofthefollowingEXCEPT:
he ruled a united kingdom.
he built a temple.
his capital was Jerusalem.
controlled all of the Middle East.
AsetofcommentariesontheVedasthatemphasizedspiritualmeditationwerethe:
Upanishads.
Kamasutra.
Ri
In the rectangular coordinate system, the point of intersection of the horizontal axis and vertical axis is
called which of the following?
A. Point plotting
B. Quadrants
C. Viewing window
D.Origin
Solve the following quadratic equation:
(x + 3)2 + 25 = 0
Find the coordinates of the vertex for the parabola defined by the given quadratic function.
f(x) = -2(x + 1)2 + 5
A. (-1, 5)
B. (2, 10)
C. (1, 10)
D.(3,7)
Solve the following polynomial inequality.
9x2 - 6x + 1 < 0
A. (-, -3)
B. (-1, )
C. [2, 4)
D.
Write
Solvethefollowingexponentialequation.Expressthesolutionsetintermsofnaturallogarithmsorcommonlogarithms
toadecimalapproximation,oftwodecimalplaces,forthesolution.
32x+3x2=0
A. cfw_1
B. cfw_-2
C. cfw_5
D. cfw_0
Solvethefollowingexponentialequation.Expressth