Ac505 Managerial Accounting Final Exam Essay Example
| AC505 MANAGERIAL ACCOUNTINGFINAL EXAMWeek 8: Week 8: Final Exam - Final Exam | | | | Help | | | |
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There are 3 pages in this exam. Be sure to complete all pages before submitting the exam. Page: | 1 | | 2 | | 3 | |
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Time Remaining: 1. (TCO A) Wages paid to the factory manager are considered an example of: (Points: 5) Direct Labor - yes, Period Cost - yes Direct Labor - yes, Period Cost - No Direct Labor - no , Period Cost - yes Direct Labor - no , Period Cost - no
2. (TCO A) Property taxes on a manufacturing plant are an element of: (Points: 5) Conversion cost - yes, period cost - no Conversion cost - yes, period cost - yes Conversion cost - no, period cost - yes Conversion cost - no, period cost - no
3. (TCO B) Evergreen Corp. has provided the following data: Sales per period 1,000 units
Selling price $40 per unit
Variable manufacturing cost $12 per unit
Selling expenses $5,100 plus 5% of selling price
Administrative expenses $3,000 plus 20% of selling price The number of units needed to achieve a target net operating income of $99,900 would be:(Points: 5) 5,970 units 6,000 units 6,240 units 6,500 units
4. (TCO B) Garth Company sells a single product. If the selling price per unit and the variable expense per unit both increase by 12% and fixed expenses do not change, then: (Points: 5) Contribution Margin Per Unit - Increases, Contribution Margin Ratio - Increases, Break-Even in Units - Decreases Contribution Margin Per
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Top of Form
There are 3 pages in this exam. Be sure to complete all pages before submitting the exam. Page: | 1 | | 2 | | 3 | |
| | |
Bottom of Form
Page 1
-------------------------------------------------
Top of Form
Time Remaining: 1. (TCO A) Wages paid to the factory manager are considered an example of: (Points: 5) Direct Labor - yes, Period Cost - yes Direct Labor - yes, Period Cost - No Direct Labor - no , Period Cost - yes Direct Labor - no , Period Cost - no
2. (TCO A) Property taxes on a manufacturing plant are an element of: (Points: 5) Conversion cost - yes, period cost - no Conversion cost - yes, period cost - yes Conversion cost - no, period cost - yes Conversion cost - no, period cost - no
3. (TCO B) Evergreen Corp. has provided the following data: Sales per period 1,000 units
Selling price $40 per unit
Variable manufacturing cost $12 per unit
Selling expenses $5,100 plus 5% of selling price
Administrative expenses $3,000 plus 20% of selling price The number of units needed to achieve a target net operating income of $99,900 would be:(Points: 5) 5,970 units 6,000 units 6,240 units 6,500 units
4. (TCO B) Garth Company sells a single product. If the selling price per unit and the variable expense per unit both increase by 12% and fixed expenses do not change, then: (Points: 5) Contribution Margin Per Unit - Increases, Contribution Margin Ratio - Increases, Break-Even in Units - Decreases Contribution Margin Per