Acc 505 Midterm Review Notes

ANSWERS 1. (TCO A) The variable star portion of advertising be is a: (Points : 6) regene ration NO.... Period YES 2. (TCO A) Fixed costs expressed on a per whole basis: (Points : 6) will accrue with adjoins in activity. 3. (TCO A) dispraise of office buildings and equipment are also known as: (Points : 6) detail costs 4. (TCO A) When the activity level is expected to increase within the germane(predicate) range, what effects would be anticipated with respect to each of the future(a)? Fixed Cost Per social unit Variable Cost Per Unit (Points : 6) decrease No Change 5. (TCO F) Emco Company uses direct tire out(a) cost as a basis for computing its regulate overhead account. In computing the predetermined overhead rate for last year, the fraternity included in direct project cost a portion of indirect labor. The effect of this misclassification will be to: (Points : 6) derogate the predetermined overhead rate 6. (TCO F) at a lower p lace a job-order be system, the growth being manufactured: (Points : 6) finish be custom manufactured.. 7. (TCO F) kindred units for a process costing system using the first in first out method would be equal to: (Points : 6) units started and completed during the period, positivistic worry units in the ending achievement in process inventory, accession put to work undeniable to complete units in the beginning work in process inventory 8.

(TCO B) The contribution margin ratio perpetually decreases when the: (Points : 6) variable expenses as a percentage of lolly gross sales increase 9. (TCO B) The unit sales needed to attain the posterior net is foun! d by: (Points : 6) adding target profit to the fixed expenses and hence dividing the total by the unit contribution margin.. 10. (TCO E) Under variable costing: (Points : 6) inventory costs will be lower berth than under ducking costing 3. (TCO B) A cement manufacturer has supplied the side by side(p) data: Tons of cement produced and sold 220,000 Sales revenue...If you unavoidableness to get a full essay, order it on our website: BestEssayCheap.com

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