ACCT 505 Inspiring Minds/uophelp.com

1. ACCT 505 Inspiring Minds/uophelp.com For more course tutorials visit www.uophelp.com

2. ACCT 505 Entire Course (New) For more course tutorials visit www.uophelp.com ACCT 505 Week 1-7 All Discussion Questions ACCT 505 Week 1 Case Study ACCT 505 Week 2 Quiz Job Order and Process Costing Systems ACCT 505 Week 2 Quiz Set 2

3. ACCT 505 Final Exam (New) All 3 Set For more course tutorials visit www.uophelp.com Score 248/250 Multiple Choice 2 Short 2 Essay 7 Question 1 : (TCO E) Designing a new product is a(n) 2. Question : (TCO G) Given the following data, what would ROI be? Sales $70,000

4. ACCT 505 Final Exam Guide (New) Set 1 For more course tutorials visit www.uophelp.com Question 1 : (TCO E) Designing a new product is a(n) 2. Question : (TCO G) Given the following data, what would ROI be? Sales $70,000 Net operating income $10,000 Contribution margin $20,000 Average operating assets $50,000 Stockholder's equity $25,000

5. ACCT 505 Final Exam Guide (New) Set 2 For more course tutorials visit www.uophelp.com 1. (TCO C) Madlem, Inc., produces and sells a single product whose selling price is $120.00 per unit and whose variable expense is $46.20 per unit. The company's fixed expense is $405,900 per month. Required: Determine the monthly breakeven in either unit or total dollar sales. Show your work! (Points : 25) Question 2.2. (TCO B) Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process, beginning: Units in beginning work in process inventory 400

6. ACCT 505 Final Exam Guide (New) Set 3 For more course tutorials visit www.uophelp.com (TCO E) Preparing purchase orders is a(n) (Points : 5) batch-level activity. product-level activity. unit-level activity. organization sustaining activity. 2. (TCO G) Given the following data, what would ROI be? Sales $70,000 Net operating income $10,000

7. ACCT 505 Final Exam For more course tutorials visit www.uophelp.com ACCT 505 Final Exam

8. ACCT 505 Midterm Exam (New) 6 Sets For more course tutorials visit www.uophelp.com 1. (TCO A)  Direct material cost is a part of (Points : 6)          Conversion Cost NO.... Prime Cost NO.          Conversion Cost YES.... Prime Cost NO.          Conversion Cost YES.... Prime Cost YES.          Conversion Cost NO.... Prime Cost YES.

9. ACCT 505 Midterm Exam (New) Set 1 For more course tutorials visit www.uophelp.com 1. (TCO A) Direct material cost is a part of (Points : 6) Conversion Cost NO.... Prime Cost NO. Conversion Cost YES.... Prime Cost NO. Conversion Cost YES.... Prime Cost YES. Conversion Cost NO.... Prime Cost YES.

10. ACCT 505 Midterm Exam (New) Set 2 For more course tutorials visit www.uophelp.com Multiple Choice 10 9 Essay 4 Question 1. Question : (TCO A) The variable portion of advertising costs is a Student Answer: Conversion YES... Period NO. Conversion YES .... Period YES. Conversion NO.... Period NO. Conversion NO.... Period YES.

11. ACCT 505 Week 1 Case Study For more course tutorials visit www.uophelp.com Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed.

12. ACCT 505 Week 1-7 All Discussion Questions For more course tutorials visit www.uophelp.com Week 1DQ 1 Cost Terms, Classifications, and Behavior Week 1DQ 2 Research and Application Week 2DQ 1 Job Order and Process Costing Systems Week 2DQ 2 Research and Application Week 3DQ 1 Variable Costing and CVP Concepts

13. ACCT 505 Week 2 Case 3-29 Ethics and the Manager For more course tutorials visit www.uophelp.com CASE 3–29 Ethics and the Manager [Course Objective B] Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her new position as divisional controller, she was asked to develop the division’s predetermined overhead rate for the upcoming year. The accuracy of the rate is important because it is used throughout the year and any overapplied or underapplied over- head is closed out to Cost of Goods Sold at the end of the year. National Home Products uses direct labor-hours in all of its divisions as the allocation base for manufacturing overhead.

14. ACCT 505 Week 2 Quiz Job Order and Process Costing Systems For more course tutorials visit www.uophelp.com 1.Question :(TCO F) For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system? 2.Question :(TCO F) Process costing would be appropriate for each of the following except: 3.Question :(TCO F) Lucas Company uses the weighted-average method in its process costing system. The company adds materials at the beginning

15. ACCT 505 Week 2 Quiz Set 2 For more course tutorials visit www.uophelp.com Question 1. Question : (TCO B) Assume there is no beginning work in process inventory and the ending work in process inventory is 100% complete with respect to materials costs. The number of equivalent units with respect to materials costs under the weighted average method is Student Answer: the same as the number of units completed. less than the number of units put into production. the same as the number of units put into production.

16. ACCT 505 Week 3 Case Study 4–20 Ethics and the Manager For more course tutorials visit www.uophelp.com CASE 4–20 Ethics and the Manager, Understanding the Impact of Percentage Completion on Profit—Weighted-Average Method [Course Objective B] Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world. Mary manages the plant located in Des Moines, Iowa, while Gary manages the plant in El Segundo, California. Production managers are paid a salary and get an additional bonus equal to 5% of their base salary if the entire division meets or exceeds its target profits for the year.

17. ACCT 505 Week 3 Case Study II For more course tutorials visit www.uophelp.com Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare

18. ACCT 505 Week 4 Midterm Exam For more course tutorials visit www.uophelp.com 1.Question : (TCO A) Wages paid to an assembly line worker in a factory are a 2.Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) 3.Question : (TCO A) Depreciation of office buildings and office equipment is also known as

19. ACCT 505 Week 5 Course Project 1 LBJ Company (New) For more course tutorials visit www.uophelp.com COURSE PROJECT 1 INSTRUCTIONS You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. You have decided to prepare a cash budget for the upcoming fourth quarter in order to show management the benefits that can be gained from proper cash planning. You have worked with accounting and other areas to gather the information assembled below.

20. ACCT 505 Week 6 Case Study Balanced Scorecard Case (700 words Paper) For more course tutorials visit www.uophelp.com ACCT505 – Managerial Accounting Team Case Study 3 – Week 6 Balanced Scorecard Case (Course Objective G) Many companies are using the Balanced Scorecard System to assist in their performance management. According to Garrison, Noreen,

21. ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions For more course tutorials visit www.uophelp.com Question : (TCO D) Return on investment (ROI) is equal to the margin multiplied by 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? The decision to make or buy a needed part The desision to keep or drop a product line

22. ACCT 505 Week 6 Quiz Set 2 For more course tutorials visit www.uophelp.com Multiple Choice 3 Short 5 Question 1. Question : (TCO D) Return on investment (ROI) is equal to the margin multiplied by Question 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? The decision to make or buy a needed part The decision to keep or drop a product line Question 3. Question : (TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover, rounded to the nearest tenth?

23. ACCT 505 Week 7 Course Project 2 Capital Budgeting Decision (New) For more course tutorials visit www.uophelp.com ACCT 505 Course Project 2 Hampton Company Capital Budgeting Decision Hampton Company: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the cans instead of purchasing them. The equipment needed would cost $1,000,000, with a disposal value of $200,000, and would be able to produce 27,500,000 cans over the life of the machinery. The production department estimates that approximately 5,500,000 cans would be needed for each of the next 5 years.

24. ACCT 505 Inspiring Minds/uophelp.com For more course tutorials visit www.uophelp.com