ACCT 505 Course Experience Tradition / acct505.com

1
ACCT 505 Course Experience Tradition /
acct505.com
The goal of higher education should be to
champion the airing of all honest viewpoints.
Nothing less is acceptable.
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Entire Course (Devry)
ACCT 505 Week 1-7 All Discussion Questions   ACCT
505 Week 1 Case Study   ACCT 505 Week 2 Quiz Job
Order and Process Costing Systems   ACCT 505 Week
3 Case Study II   ACCT 505 Week 4 Midterm
Exam   ACCT 505 Week 5 Measuring Performance -
Course Project A   ACCT 505 Week 6 Quiz Segment
Reporting and Relevant Costs for Decisions  
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Final Exam (New) All 3 Set
Score 248/250   Multiple Choice 2 Short 2 Essay
7  Question 1 (TCO E) Designing a new product
is a(n)   2. Question (TCO G) Given the
following data, what would ROI be? Sales
70,000 Net operating income 10,000 Contribution
margin 20,000 Average operating assets
50,000 Stockholder's equity 25,000
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Final Exam Guide (New) Set 1
Score 248/250   Multiple Choice 2 Short 2 Essay
7  Question 1 (TCO E) Designing a new product
is a(n)   2. Question (TCO G) Given the
following data, what would ROI be? Sales
70,000 Net operating income 10,000 Contribution
margin 20,000 Average operating assets
50,000 Stockholder's equity 25,000      
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Final Exam Guide (New) Set 2
Set 2   1. (TCO C) Madlem, Inc., produces and
sells a single product whose selling price is
120.00 per unit and whose variable expense is
46.20 per unit. The company's fixed expense is
405,900 per month.   Required Determine the
monthly breakeven in either unit or total dollar
sales. Show your work! (Points 25)
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ACCT 505 Course Experience Tradition /
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ACCT 505 Final Exam Guide (New) Set 3
(TCO E) Preparing purchase orders is a(n) (Points
5) batch-level activity. product-level
activity. unit-level activity. organization
sustaining activity.   2. (TCO G) Given the
following data, what would ROI be? Sales   
70,000 Net operating income 10,000 Contribution
margin    20,000 Average operating assets       
50,000 Stockholder's equity   25,000 (Points
5)        
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Final Exam (Devry)
ACCT 505 Final Exam 
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Midterm Exam (New) Set 1
Score 144/150 Multiple Choice 10 Essay 4   1.
(TCO A)  Direct material cost is a part of
(Points 6)          Conversion Cost NO....
Prime Cost NO.          Conversion Cost YES....
Prime Cost NO.          Conversion Cost YES....
Prime Cost YES.          Conversion Cost NO....
Prime Cost YES.
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Midterm Exam (New) Set 2
Multiple Choice          10        9 Essay  
4   Question 1.      Question         (TCO A)
The variable portion of advertising costs is
a               Student Answer                   
  Conversion YES... Period NO.                    
                    Conversion YES .... Period
YES.                                      
 Conversion NO.... Period NO.                     
                   Conversion NO.... Period YES.
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 1 Case Study (Devry)
Top Switch Inc. designs and manufactures switches
used in telecommunications. Serious flooding
throughout the state of Tennessee affected Top
Switchs facilities. Inventory was completely
ruined, and the companys computer system,
including all accounting records, was
destroyed.Before the unfortunate incident,
recovery specialists cleaned the buildings. The
company controller is very nervous and anxious to
recover whatever records he can to support the
insurance claim for the destroyed inventory.
After consulting with the cost accountant, they
decide to retrieve the previous years annual
report for the beginning inventory numbers. In
addition, they also agreed that they need first
quarter cost data.
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 1-7 All Discussion Questions (Devry)
Week 1DQ 1 Cost Terms, Classifications, and
Behavior Week 1DQ 2 Research and Application Week
2DQ 1 Job Order and Process Costing Systems Week
2DQ 2 Research and Application Week 3DQ 1
Variable Costing and CVP Concepts Week 3DQ 2
Research and Application Week 4DQ 1 Budgeting
Case Study Week 4DQ 2 Exam Review Week 5DQ 1
Standards, Variances, Flexible Budgets Week 5DQ 2
Research and Application Week 6DQ 1 Segment
Reporting and Relevant Costs Week 6DQ 2 Research
and Application Week 7DQ 1 Capital Budgeting  
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 2 Quiz Job Order and Process
Costing Systems (Devry)
1. Question (TCO F) For which situation(s)
below would an organization be more likely to use
a job-order costing system of accumulating
product costs rather than a process costing
system? 2. Question (TCO F) Process costing
would be appropriate for each of the following
except
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ACCT 505 Course Experience Tradition /
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ACCT 505 Week 2 Quiz Set 2
Essay 4 Multiple Choice 6       Question 1.     
Question         (TCO B) Assume there is no
beginning work in process inventory and the
ending work in process inventory is 100 complete
with respect to materials costs. The number of
equivalent units with respect to materials costs
under the weighted average method
is               Student Answer                  
   the same as the number of units
completed.               
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 3 Case Study 420 Ethics and the
Manager
This Tutorial contains Excel file only that is
solution to case study    CASE 420 Ethics and
the Manager, Understanding the Impact of
Percentage Completion on ProfitWeighted-Average
Method Course Objective B Gary Stevens and Mary
James are production managers in the Consumer
Electronics Division of General Electronics
Company, which has several dozen plants scattered
in locations throughout the world. Mary manages
the plant located in Des Moines, Iowa, while Gary
manages the plant in El Segundo, California.
Production managers are paid a salary and get an
additional bonus equal to 5 of their base salary
if the entire division meets or exceeds its
target profits for the year. The bonus is
determined in March after the companys annual
report has been prepared and issued to
stockholders.
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ACCT 505 Course Experience Tradition /
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ACCT 505 Week 3 Case Study II (Devry)
Springfield Express is a luxury passenger carrier
in Texas. All seats are first class, and the
following data are available Number of seats per
passenger train car 90 Average load factor
(percentage of seats filled) 70 Average full
passenger fare 160 Average variable cost per
passenger 70 Fixed operating cost per
month 3,150,000 What is the break-even point in
passengers and revenues per month?
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 4 Midterm Exam (Devry)
1. Question (TCO A) Wages paid to an assembly
line worker in a factory are a 2. Question (TCO
A) A cost incurred in the past that is not
relevant to any current decision is classified as
a(n) 3. Question (TCO A) Depreciation of office
buildings and office equipment is also known as
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ACCT 505 Course Experience Tradition /
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ACCT 505 Week 5 Measuring Performance - Course
Project A (Devry)
Prepare a master budget for the three-month
period ending June 30. Include the following
detailed budgets 1. oa. A sales budget, by
month and in total. ob. A schedule of expected
cash collections from sales, by month and in
total. oc. A merchandise purchases budget in
units and in dollars. Show the budget by month
and in total. od. A schedule of expected cash
disbursements for merchandise purchases, by month
and in total. 2. A cash budget. Show the budget
by month and in total. Determine any borrowing
that would be needed to maintain the minimum cash
balance of 50,000.
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ACCT 505 Course Experience Tradition /
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ACCT 505 Week 6 Quiz Segment Reporting and
Relevant Costs for Decisions (Devry)
1.Question (TCO D) Return on investment (ROI)
is equal to the margin multiplied by 2. Question
(TCO D) For which of the following decisions
are opportunity costs relevant? The decision to
make or buy a needed part The desision to keep or
drop a product line (A) Yes Yes (B) Yes No
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 6 Quiz Set 2
Multiple Choice          3 Short  
5              Question 1.      Question        
(TCO D) Return on investment (ROI) is equal to
the margin multiplied by     Question 2.     
Question         (TCO D) For which of the
following decisions are opportunity costs
relevant?             The decision to make or buy
a needed part    The decision to keep or drop a
product line
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ACCT 505 Course Experience Tradition /
acct505.com
ACCT 505 Week 7 Capital Budgeting Course Project
(Devry)
Here is Part B Clark Paints The production
department has been investigating possible ways
to trim total production costs. One possibility
currently being examined is to make the paint
cans instead of purchasing them. The equipment
needed would cost 200,000 with a disposal value
of 40,000 and would be able to produce 5,500,000
cans over the life of the machinery. The
production department estimates that
approximately 1,100,000 cans would be needed for
each of the next five years. The company would
hire three new employees. These three individuals
would be full-time employees working 2,000 hours
per year and earning 12.00 per hour.
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ACCT 505 Course Experience Tradition /
acct505.com
The goal of higher education should be to
champion the airing of all honest viewpoints.
Nothing less is acceptable.
For more Tutorials
Visit Now
www.acct505.com