Reference no: EM131208404
1. Which of the following are a manager's three primary responsibilities?
Planning, Directing, Controlling
Budgeting, Planning, Controlling
Budgeting, Directing, Controlling
Budgeting, Planning, Directing
2. All of the following are ethical principles identified in the IMA's Statement of Ethical Professional Practice except:
honesty.
teamwork.
objectivity.
responsibility.
3. Which of the following companies would use a job costing system?
Health care provider
Crayon manufacturing company
Potato chip manufacturing corporation
Spring water bottling company
4. When selecting a manufacturing overhead allocation base, managers should select the:
number of products produced.
activity-based products.
cost driver of those manufacturing overhead costs.
same number used in prior years.
5. Conversion costs include:
direct labor and manufacturing overhead.
manufacturing overhead only.
direct materials and direct labor.
direct materials and manufacturing overhead.
6. If the sales price is $20 per unit, the variable cost is $12 per unit, total fixed costs are $12,000, and 15,000 units are produced, the contribution margin per unit is:
20
9
12
8
7. Which of the following budgets is the comprehensive planning document for the entire organization?
Sales budget
Capital expenditure budget
Master budget
Budgeting income statement
8. Which of the following is a true statement regarding fixed overhead volume variance?
If production volume is less than anticipated, then fixed overhead has been under allocated and the fixed overhead volume variance is favorable.
If production volume is less than anticipated, then fixed overhead has been under allocated and the fixed overhead volume variance is unfavorable.
If production volume is greater than anticipated, then fixed overhead has been under allocated and the fixed overhead volume variance is favorable.
If production volume is greater than anticipated, then fixed overhead has been over allocated and the fixed overhead volume variance is unfavorable.
9. Which of the following is a cash equivalent?
Accounts receivable
Certificates of deposit that mature in less than three months
Certificates of deposit that mature in one year or less
Prepaid expenses
10. All of the following are business reasons for adopting environmentally sustainable practices except:
cost reduction.
competitive strategy.
stakeholder influence.
historical orientation of accounting.
|
Analyze a directory which contains photo files
: Using FUSE, implement a file system that will make a photo collection easier to navigate. The file system will analyze a directory which contains photo files with IPTC tags and display a hierarchy of these files based on their subject and keyword ..
|
|
Cost of the green fees for each person
: Luis and three friends went golfing. two of the friends rented clubs for $6 each. The total cost of the rented clubs and the green fees for each person was $76. What was the cost of the green fees for each person? Define a variable, write and equa..
|
|
Define popular press source in your own words
: Define "popular press source" in your own words. - Define "credible peer-reviewed source" in your own words. -What are three factors that could contribute to the credibility of a source?
|
|
Find the short-circuit ratio for this generator
: Find the approximate saturated synchronous reactance XS at a field current of 380 A. Express the answer both in ohms per phase and in per-unit.
|
|
Which companies would use a job costing system
: Which of the following companies would use a job costing system? Which of the following is a true statement regarding fixed overhead volume variance?
|
|
Compute the value of the finished goods inventory
: Five jobs were worked on this month. Balances are as follows: Job 356, $450; Job 357, $1235; Job 358, $378; Job 359, $689; Job 360, $456. Jobs 356, 357, 358, and 359 were completed but not sold. Job 360 has not yet been completed. Required: Compute t..
|
|
Brief history of capital punishment in the united states
: An explanation of the constitutional ban on "cruel and unusual punishment," including the four primary dimensions as interpreted by the Court. Discuss an example you found interesting of a right asserted by inmates under the Eighth Amendment's Cr..
|
|
Make the journal entries for the repurchase of the bonds
: On June 1,2016 Falcon corp. decided to repurchase ots $10,000,000, 8%bond issue, maturing in 2023. The market price for the bond on June 1st was 98. The carrying vlaue at the time of repurchase was 10,230,000. make the journal entries for the repurch..
|
|
Different tasks constitutes a different assignment
: Assume that there are 18 board members: 11 females, and 7 males including Mark. There are 3 tasks to be assigned. Note that assigning the same people different tasks constitutes a different assignment.
|