Essay Acct 346(Managerial Accounting) Final Exam - Latest

802 Words Mar 5th, 2015 4 Pages
ACCT 346(Managerial Accounting) Final Exam - LATEST

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If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Question 1.1. (TCO 1) How does managerial and financial accounting differ in terms of the amount of detail presented and nonmonetary and monetary information? (Points : 15) Question 2.2. (TCO 2) What is an indirect labor cost? What is an example of an indirect labor cost? (Points : 15) Question 3.3. (TCO 3) What is the difference between job order and process costing? (Points : 15) Question 4.4. (TCO 4) What is a fixed cost?
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(TCO 8) A company must incur annual fixed costs of $4,000,000 and variable costs of $400 per unit and estimates that it can sell 40,000 pumps annually and marks up cost by 30 percent. Using cost-plus pricing, what is the cost per unit and the price? What are advantages and disadvantages of cost-plus pricing?(Points : 30)

Question 1.1. (TCO 9) A project will require an initial investment of $250,000 and will return $50,000 each year for seven years. If taxes are ignored and the required rate of return is 9%, what is the project's net present value? Based on this analysis, should the company proceed with the project? (Points : 30) Question 2.2. (TCO 10) Why does a company perform ratio analysis? What are the debt-related ratios? Describe the formula for one debt-related ratio and explain how to interpret the ratio. (Points : 30) Question 1. Question : (TCO 1) Who are the users of managerial accounting information? How does their use of accounting information differ from the users of financial accounting information?

(TCO 2) What is an indirect labor cost? What is an example of an indirect labor cost? TCO 3) What is job-order costing? What type of company would us job-order costing? (TCO 4) What is a variable cost? What is an example of a variable cost? (TCO 5) What is full costing? How does it differ from variable costing? (TCO 6) Explain why companies might choose to allocate the costs of

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