DEVRY ACCT 346 Week 8 Final Exam

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DEVRY ACCT 346 Week 8 Final Exam

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• Question
• (TCO 1) The principle managers follow when they
  only investigate significant departures from the
  plan is commonly known as
• 2.Question  (TCO 1) Which of the following is
  not likely to be a fixed cost?
• 3.Question  (TCO 2) Which of the following is
  not a manufacturing cost?
• 4.Question  (TCO 2) An allocation base is
• 5.Question  (TCO 3) Equivalent units are
  calculated by
• 6.Question  (TCO 3) In the assembly department,
  all the direct materials are added at the
  beginning of the processing. Beginning Work in
  Process inventory consists of 2,000 units with a
  direct materials cost of 31,860. During the
  period, 15,000 units are started and direct
  materials costing 250,000 are charged to the
  department. If there are 1,000 units in ending
  inventory, what is the cost per equivalent unit?

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• 7.Question  (TCO 4) Regression analysis
• 8.Question  (TCO 4) The number of units that
  must be sold to exactly cover its fixed and
  variable costs is the
• 9.Question  (TCO 5) Which of the following is
  treated as a product cost in variable costing?
• 10.Question (TCO 5) If the number of units sold
  is less than the number of units produced
• 11.Question (TCO 6) A contract which specifies
  that the suppler will be paid for the cost of
  production as well as some fixed amount or
  percentage of cost is called a(n)
• 12.Question  (TCO 6) Which of the following is
  not generally true when a company compares ABC
  and traditional costing?
• 13.Question  (TCO 7) Fixed costs that will be
  eliminated if a particular course of action is
  undertaken are called
• Page
• 1.Question  (TCO 7) Common costs
• 2.Question  (TCO 8) Target costing
• 3.Question  (TCO 8) Which of the following are
  relevant in deciding whether to accept or reject
  a special order?
• 4.Question  (TCO 9) Present value techniques
• 5.Question  (TCO 9) The internal rate of return
• 6.Question  (TCO 10) A method of budget
  preparation that requires all budgeted amounts to
  be justified by the department, even if the
  amounts were supported in prior periods, is
  called
• 7.Question  (TCO 10) Which budget is prepared
  first?
• 8.Question  (TCO 10) The standard cost is
• 9.Question  (TCO 10) In general, an unfavorable
  material variance arises from
• 10.Question  (TCO 10) The type of center that
  has responsibility for generating revenue as well
  as controlling costs is a(n)
• 11.Question (TCO 10) Responsibility accounting
  holds managers responsible for