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ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions
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ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions
Click to link and DOWNLOAD files
http://www.homeworkmye.com/product/acct-505-week-6-quiz-segment-reporting-and-relevant-costs-for-decisions-devry |
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 3. Question : (TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover, rounded to the nearest tenth? 1. Question : (TCO D) Data for December concerning Dinnocenzo Corporation's two major business segments-Fibers and Feedstocks-appear below: Sales revenues, Fibers $870,000 Sales revenues, Feedstocks $820,000 Variable expenses, Fibers $426,000 Variable expenses, Feedstocks $344,000 Traceable fixed expenses, Fibers $148,000 Traceable fixed expenses, Feedstocks S156,000 Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment. 2. Question : (TCO D) Wryski Corporation had net operating income of $150,000 and average operating assets of $500,000. The company requires a return on investment of 19%. 3. Question : (TCO D) Tjelmeland Corporation is considering dropping product S85U. Data from the company's accounting system appear below. Sales $360,000 Variable Expenses $158,000 Fixed Manufacturing Expenses $119,000 Fixed Selling and Administrative Expenses $94,000
4. Question : (TCO D) Fouch Company makes 30,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows. Direct Materials $15.70 Direct Labor $17.50 Variable Manufacturing Overhead $4.50 Fixed Manufacturing Overhead $14.60 Unit Product Cost $52.30
5. Question : (TCO D) Biello Co. manufactures and sells medals for winners of athletic and other events. Its manufacturing plant has the capacity to produce 15,000 medals each month; current monthly production is 14,250 medals. The company normally charges $115 per medal. Cost data for the current level of production are shown below. Variable Costs Direct Materials $969,000 Direct Labor $270,750 Selling and Administrative $270,075 Fixed Costs Manufacturing $370,550 Selling and Administrative $89,775
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ACCT 505 Week 1-7 All Discussion Questions |
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ACCT 505 Week 1-7 All Discussion Questions |
ACCT 505 Week 1-7 All Discussion Questions |