Download Guided ACCT 434 Coursework Week 1 – 8

Download Guided ACCT 434 Coursework Week 1-8

ACCT 434 Week 1 Quiz (2 Versions)
ACCT 434 Week 1 Discussion 1 – ABC Journey
ACCT 434 Week 1 Discussion 2 – Workout Room

ACCT 434 Week 2 Quiz (2 Versions)
ACCT 434 Week 2 Discussion 1 – Flexible versus Static Budgets
ACCT 434 Week 2 Discussion 2 – Workout Room

ACCT 434 Week 3 Quiz
ACCT 434 Week 3 Discussion 1 – Relevant Costs
ACCT 434 Week 3 Discussion 2 – Workout Room

ACCT 434 Week 4 Discussion 1 – Accounting for Primary Products
ACCT 434 Week 4 Discussion 2 – Workout Room
ACCT 434 Week 4 Midterm Exam (2 Versions)

ACCT 434 Week 5 Quiz (2 Versions)
ACCT 434 Week 5 Discussion 1 – Pricing Decision
ACCT 434 Week 5 Discussion 2 – Workout Room

ACCT 434 Week 6 Quiz (2 Versions)
ACCT 434 Week 6 Discussion 1 – Evaluating Managers
ACCT 434 Week 6 Discussion 2 – Workout Room

ACCT 434 Week 7 Quiz (2 Versions)
ACCT 434 Week 7 Discussion 1 – Quality and Performance
ACCT 434 Week 7 Discussion 2 – Workout Room

ACCT 434 Week 8 Final Exam

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• ACCT 434 All Discussion Questions Week 1 – 7
• Price USD 28

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   ACCT 434 All Quiz Answers Week 1 – 7
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  ACCT 434 Week 4 Midterm Exam (Package)
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  ACCT 434 Week 1 Quiz
  Price USD 15

1. Question : (TCO 1) The average cost data are for In-Sync Fixtures Company’s (a retailer) only two product lines, Marblette and Italian Marble………Currently, In-Sync Fixtures uses a traditional costing system with indirect costs allocated using the purchased cost of goods as a basis. In-Sync Fixtures is considering refining the allocation of its receiving costs of $40,000. It realizes that the Italian Marble is heavier and requires more care than the Marblette but that the Marblette comes in larger volume. Which statement can be made using the results of the activity analysis performed….?
   
2. Question : (TCO 1) The allocation of indirect costs in an activity-based costing system
   
3. Question : (TCO 1) Evaluating customer reaction to the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management?
   
4. Question : (TCO 1) A company produces three products; if one product is overcoated then
   
5. Question : (TCO 1) To set realistic selling prices
   
6. Question : (TCO 1) Different products consume different proportions of manufacturing overhead costs because of differences………
   
7. Question : (TCO 1) A well-designed, activity-based cost system helps managers make better decisions because the information derived from an ABC…
   
8. Question : (TCO 1) Companies use ABC system information to
   
9. Question : (TCO 1) For service organizations that bill customers at a predetermined average rate, activity-based cost systems………
   
10. Question : (TCO 1) Danielle Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity?

• ACCT 434 Week 2 Quiz
• Price USD 20
• Version 1
  

1. Question : (TCO 2) Operating budgets and financial budgets
   
2. Question: (TCO 2) To gain the benefits of budgeting, __must understand and support the budget.
   
3. Question : (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet?
   
4. Question : (TCO 2) A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be computed at the start of that period. This feature of standard costing makes it possible to
   
5. Question : (TCO 2) An unfavorable variance indicates that
   
6. Question : (TCO 2) Which of the following statements is true about overhead cost variance analysis using activity-based costing?
   
7. Question : (TCO 2) Overhead costs have been increasing due to all of the following except
   
8. Question : (TCO 2) Katie Enterprises reports the year-end information from 20X8 as follows: Sales (70,000 units) $560,000; Cost of goods sold 210,000; Gross margin 350,000; Operating expenses 200,000; Operating income $150,000. Katie is developing the 20X9 budget. In 20X9, the company would like to increase selling prices by 4%, and as a result, expects a decrease in sales volume………….?
   
9. Question : (TCO 2) Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units)…………sell 600,000 units during the 2008-2009 fiscal year, the number of units it would have to manufacture……..
   
10. Question : (TCO 2) Information about Brenton Corporation’s sales revenue………..Management estimates that 5% of credit sales are not collectible. Of the collectible credit sales, 60% are collected in the month of sale……….
    

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• Version 2
  

1. Question : (TCO 2) Benchmarking is
   
2. Question : (TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget.
   
3. Question : (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet?
   
4. Question : (TCO 2) A flexible budget
   
5. Question : (TCO 2) An unfavorable variance indicates that
   
6. Question : (TCO 2) Which of the following statements is true about overhead cost variance analysis using activity-based costing?
   
7. Question : (TCO 2) Overhead costs have been increasing due to all of the following except
   
8. Question : (TCO 2) Katie Enterprises reports the year-end information from 20X8 as follows: Sales (70,000 units) $560,000; Cost of goods sold 210,000; Gross margin 350,000; Operating expenses 200,000; Operating income $150,000. Katie is developing……….?
   
9. Question : (TCO 2) Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1, 2008, through June 30, 2009. …………… of units it would have to manufacture…..
   
10. Question : (TCO 2) Information about Brenton Corporation’s sales revenue is presented in the following table: ………Management estimates that 5% of credit sales are not collectible. Of the collectible credit sales, 60% are collected in the month of sale………..

• ACCT 434 Week 3 Quiz
• Price USD 15

1. Question : (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would the total costs of personnel be classified?
   
2. Question : (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs?
   
3. Question : (TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data?
   
4. Question : (TCO 3) Penny’s TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20X8 operations: Sales (2,000 televisions) $900,000; Cost of goods sold $400,000; Store manager’s salary per year $70,000; Operating costs per year $157,000; Advertising and promotion per year $15,000; Commissions (4% of sales) $36,000. What are the estimated total costs if Penny’s expects to sell 3,000 units next year?
   
5. Question : (TCO 4) The formal process of choosing among alternatives is known as a(n)
   
6. Question : (TCO 4) When using the five-step decision process, which one of the following steps should….?
   
7. Question : (TCO 4) Sunk costs
   
8. Question : (TCO 4) Northwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $90 per table, consisting of 80% variable costs and 20% fixed costs. The company has surplus capacity available. It is Northwoods’ policy to add a 50% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Northwoods is invited to submit a bid to the hotel chain. What is the lowest price per unit Northwoods should bid on this long-term order?
   
9. Question : (TCO 5) Throughput contribution equals revenues minus
   
10. Question : (TCO 5) A machine has been identified as a bottleneck and the source of the constraint for a manufacturing company that has multiple products and multiple machines. One way the company can overcome the bottleneck is

• ACCT 434 Week 5 Quiz
• Price USD 20
• Version 1 
  

1. Question : (TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of
   
2. Question : (TCO 7) The first step in implementing target pricing and target costing is
   
3. Question : (TCO 7) The markup percentage is usually higher if the cost base used is
   
4. Question : (TCO 7) An understanding of life-cycle costs can lead to
   
5. Question : (TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated based on the number of units produced. The selling price is computed by adding a 20% markup to the full cost. How much should the selling price be per unit for 300,000 units?
   
6. Question : (TCO 8) A product may be passed from one subunit to another subunit in the same organization. The product is known as
   
7. Question : (TCO 8) Transfer prices should be judged by whether they promote
   
8. Question : (TCO 8) When an industry has excess capacity, market prices may drop well below their historical average. If this drop is temporary, it is called
   
9. Question : (TCO 8) An advantage of using budgeted costs for transfer pricing among divisions is that
   
10. Question : (TCO 8) The seller of Product A has no idle capacity and can sell all it can produce at $20 per unit. Outlay…….?
    

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• Version 2
  

1. Question : (TCO 7) When companies do not want to use market prices or find it too costly, they typically use __________ prices, even though suboptimal decisions may occur.
   
2. Question : (TCO 7) The first step in implementing target pricing and target costing is
   
3. Question : (TCO 7) The amount of markup percentage is usually higher if
   
4. Question : (TCO 7) An understanding of life-cycle costs can lead to
   
5. Question : (TCO 7) Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated based on the number of units produced. The selling price is computed by adding a 20% markup to the full cost. How much should the selling price be per unit for 300,000 units?
   
6. Question : (TCO 8) A benefit of using a market-based transfer price is
   
7. Question : (TCO 8) A transfer-pricing method leads to goal congruence when managers
   
8. Question : (TCO 8) When an industry has excess capacity, market prices may drop well below their historical average……
   
9. Question : (TCO 8) An advantage of using budgeted costs for transfer pricing among divisions is that
   
10. Question : (TCO 8) Division A sells soybean paste internally to Division B, which in turn, produces soybean burgers that sell for $5 per pound. Division A incurs costs of $0.75 per pound while Division B incurs……?

• ACCT 434 Week 6 Quiz
• Price USD 15

1. Question : (TCO 9) To guide cost allocation decisions, the benefits-received criterion
   
2. Question : (TCO 9) A challenge to using cost-benefit criteria for allocating costs is that
   
3. Question : (TCO 9) The MOST likely reason for NOT allocating corporate costs to divisions includes that
   
4. Question : (TCO 9) Identifying homogeneous cost pools
   
5. Question : (TCO 9) The Hassan Corporation has an electric mixer division and an electric lamp division. Of a $20,000,000 bond issuance, the electric mixer division used $14,000,000 and the electric lamp division used $6,000,000 for expansion. Interest costs on the bond totaled $1,500,000 for the year. What amount of interest costs should be allocated to the electric lamp division?
   
6. Question : (TCO 10) All of the following are methods that aid management in analyzing the expected results of capital budgeting decisions EXCEPT the
   
7. Question : (TCO 10) Assume your goal in life is to retire with $1.5 million. How much would you need to save at the end of each year if interest rates average 5% and you have a 25-year work life?
   
8. Question : (TCO 10) The definition of an annuity is
   
9. Question : (TCO 10) A “what-if” technique that examines how a result will change if the original predicted data are not achieved or if an underlying assumption change is called
   
10. Question : (TCO 10) Shirt Company wants to purchase a new cutting machine for its sewing plant. The investment is expected to generate annual cash inflows of $300,000. The required rate of return is 12% and the current machine is expected to last for four years. What is the maximum dollar amount Shirt Company would be willing to spend for the machine, assuming its life is also four years? Income taxes are not considered.

• ACCT 434 Week 7 Quiz
• Price USD 20

1. Question : (TCO 11) The four cost categories in a cost-of-quality program are
   
2. Question : (TCO 11) ________ is a formal means of distinguishing between random and nonrandom variation in an operating process.
   
3. Question : (TCO 11) Delays in customer response time occur because of
   
4. Question : (TCO 11) Scrap is an example of
   
5. Question : (TCO 11) Regal Products has a budget of $900,000 in 20X6 for prevention costs. If it decides to automate a portion of its prevention activities, it will save $60,000 in variable costs. The new method will require $18,000 in training costs and $120,000 in…..?
   
6. Question : (TCO 12) Which of the following categories of costs are important when managing inventories of goods for sale, according……?
   
7. Question : (TCO 12) Quality costs include
   
8. Question : (TCO 12) Which of the following is an assumption of the economic-order-quantity decision model?
   
9. Question : (TCO 12) Increases in the carrying cost and decreases in the ordering cost per purchase order result in
   
10. Question : (TCO 12) Liberty Celebrations, Inc., manufactures a line of flags. The annual demand for its flag display is estimated to be 100,000 units. The annual cost of carrying one unit in inventory is $1.60, and the cost to initiate a production run is $50. There are no flag displays on hand but Liberty had scheduled 60 equal production runs of the display sets for the coming year, the first………..

• ACCT 434 Week 4 Midterm (Versions 1)
• Price USD 29
• Page: 1

1. Question: (TCO1) ABC systems create
   
2. Question: (TCO 1) Merriman Company provides……How much of the account billing cost will be assigned to Department B?
   
3. Question: (TCO 2) A master budget
   
4. Question: (TCO 2) Dalyrymple Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $80,000. The budgeted number of nozzles to be inserted is 40,000. What is the budgeted indirect cost allocation rate for this activity?
   
5. Question: (TCO 3) Which cost estimation method analyzes accounts in the subsidiary ledger as a variable, fixed, or mixed using qualitative methods?
   
6. Question: (TCO 4) In evaluating different alternatives, it is useful to concentrate on
   
7. Question: (TCO 5) The theory of constraints is used for cost analysis when
   
8. Question: (TCO 5) Schmidt Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part……midst Corporation for $18 per unit. Assuming there is no other use for the facilities, Schmidt should
   
9. Question: (TCO 3) The cost function y = 100 + 10X
   
10. Question: (TCO 4) Sunk costs
    

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1. Question : (TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines b. # of setups c. # of inspections d. # of orders e. # of runs f. # of bins or aisles g. # of engineers
   
2. Question : (TCO 2) Favata Company has the following information:……………In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month’s cost of sales. Prepare a purchase budget for July through September.
   
3. Question : (TCO 3) Patrick Ross, the president of Ross’s Wild Game Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available:…………Using the high-low method, determine the overhead cost equation. Use machine hours as your cost driver.
   
4. Question : (TCO 5) Kirkland Company manufactures a part for use in its production of hats. When 10,000 items are produced, the costs per unit are: …………. units of the part for $6.00 per unit. The plant facilities could be used to manufacture another item at a savings of $9,000 if Kirkland accepts the offer. In addition, $1.00 per unit of fixed manufacturing overhead on the original item would be eliminated. a. What is the relevant per-unit cost for the original part? b. Which alternative is best for Kirkland Company? By how much?
   
5. Question : (TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines b. # of setups c. # of inspections d. # of orders e. # of runs f. # of bins or aisles g. # of engineers
   
6. Question : (TCO 2) Favata Company has the following information: ………… In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month’s cost of sales. Prepare a purchase budget for July through September.
   
7. Question : (TCO 3) Patrick Ross, the president of Ross’s Wild Game Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available: ………Using the high-low method, determine the overhead cost equation. Use machine hours as your cost driver.
   
8. Question : (TCO 5) Kirkland Company manufactures a part for use in its production of hats. When 10,000 items are produced, the costs per unit are: …………Mike Company has offered to sell to Kirkland Company 10,000 units of the part for $6.00 per unit. The plant facilities could be used to manufacture another item at a savings of $9,000 if Kirkland accepts the offer. In addition, $1.00 per unit of fixed manufacturing overhead on the original item would be eliminated. a. What is the relevant per unit cost fo
   

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