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12 Cards in this Set
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ACCT 505 Case Study 1 Top Switch Inc designs and manufactures switches
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Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s 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 year’s 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 Entire Course
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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 ACCT 505 Week 7 Capital Budgeting Course Project |
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ACCT 505 Final Exam
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ACCT 505 Final Exam |
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ACCT 505 Quiz Job Order and Process Costing Systems (TCO F) For which situation(s)
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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: 3. Question :(TCO F) Lucas Company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: Units Material Cost Work in process on October 1 6,000 $3,000 Units started in October |
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ACCT 505 Week 1-7 All Discussion Questions
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ACCT 505 Week 1 DQ 1 Cost Terms, Classifications, and Behavior ACCT 505 Week 1 DQ 2 Research and Application ACCT 505 Week 2 DQ 1 Job Order and Process Costing Systems ACCT 505 Week 2 DQ 2 Research and Application ACCT 505 Week 3 DQ 1 Variable Costing and CVP Concepts ACCT 505 Week 3 DQ 2 Research and Application ACCT 505 Week 4 DQ 1 Budgeting Case Study ACCT 505 Week 4 DQ 2 Exam Review ACCT 505 Week 5 DQ 1 Standards, Variances, Flexible Budgets ACCT 505 Week 5 DQ 2 Research and Application ACCT 505 Week 6 DQ 1 Segment Reporting and Relevant Costs ACCT 505 Week 6 DQ 2 Research and Application ACCT 505 Week 7 DQ 1 Capital Budgeting ACCT 505 Week 7 DQ 2 Exam Review |
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ACCT 505 Week 3 Case Study II Springfield Express is a luxury passenger carrier
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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 |
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ACCT 505 Week 3 Managerial Accounting Case Study
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ACCT 505 Week 3 Managerial Accounting Case Study || |
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ACCT 505 Week 4 Midterm Exam (TCO A) A cost incurred in the past that is not
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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 4.Question :(TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? |
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ACCT 505 Week 5 Measuring Performance Course Project A Prepare a master
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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 Week 6 Managerial Accounting Segment Reporting And Relevant
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ACCT 505 Week 6 Managerial Accounting Segment Reporting And Relevant |
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ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions (TCO D)
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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 (C)No Yes (D)No No |
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ACCT 505 Week 7 Capital Budgeting Course Project The production department
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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. |
