Reference no: EM13648215

Ezra collects 80% of its credit sales in the month of the sale and 20% in the month after the sale, how much will Ezra collect in March on a $220,000 credit sale in January? If production equals sales and there are no beginning or ending inventories:

Tex's applies an overhead rate of $10/unit based on 200 units. If Tex's produces 210 units and has a flexible overhead budget of $1,900, the overhead volume variance is:

Lines, Inc. applies overhead at the standard rate of $20/units, based on anticipated production of 2,000 units. If Line's actual overhead is $41,000, the overhead volume variance is:

An example of a period cost is As production levels decrease the fixed cost per unit: the interest rate used to discount future cash flows is decreased, present value of the future cash inflows: merchandising firm's balance sheet reflects inventory of Colly, Inc. pays 20% of the cost of purchases in the month purchased and 60% in the month after and 40% in the month after that, how much cash will be disbursed in the month after a $108,000 purchase When production exceeds sales, what will be the difference in net operating income under variable costing and absorption costing?

Ending inventory value with respect to absorption costing and variable costing: If production is less than sales, the net income with respect to absorption costing and variable costing

Which of the following would be included among the investment numbers of a capital budget?

A. Purchase price of asset

B. Trade-in value of asset being replaced

C. Investment tax credit from asset acquisition

D. All of the above

A discount factor

A. is the reverse of compounding future cash flows.

B. performs the reverse function of discounting interest rate.

C. All of the above

D. None of the above

Overhead costs, in general, are:

A. variable

B. fixed

C. semi variable

D. none of the above

Indirect material costs are classified as:

A. Direct labor

B. Direct materials

C. Fixed overhead

D. None of the above

Which of the following is not a part of the selling and administrative budget?

A. Selling salaries B. Administrative salaries

C. Factory supervisor salaries

D. None of the above

The capital expenditures budget is tied closely to the:

A. Sales budget

B. Purchases budget

C. Cash receipts budget

D. Cash expenditures budget

value

A. in theory, is equal to the present value of the future cash flows of the asset.

B. should not be used to justify marginal investments.

C. is the best prediction of what an asset could be sold for at the end of the time horizon.

D. All of the above

E. None of the above