Devry ACCT 346 Final Exam Latest

1. Devry ACCT 346 Final Exam Latest Just Click on Below Link To Download This Course: https://www.devrycourses.com/product/devry-acct-346-final-exam-latest/ Or Email us help@devrycourses.com Devry ACCT 346 Final Exam Latest Page 1 Question 1. 1. (TCO 1) How does managerial and financial accounting differ in terms of the amount of detail presented and nonmonetary and monetary information? (Points : 15) Question 2. 2. (TCO 2) What is an indirect labor cost? What is an example of an indirect labor cost? (Points : 15) Question 3. 3. (TCO 3) What is the difference between job order and process costing? (Points : 15) Question 4. 4. (TCO 4) What is a variable cost? What is an example of a variable cost? (Points : 15) Page 2 Question 1. 1. (TCO 5) What is variable costing? How does it differ from full costing? (Points : 15) Question 2. 2. (TCO 6) What is the third step in the cost allocation process? Give an example of this step. (Points : 15) Question 3. 3. (TCO 7) What is a differential cost? What is an example of one? (Points : 15) Question 4. 4. (TCO 8) What is activity-based pricing? How is the price determined? (Points : 15) age 3 Question 1. 1. (TCO 6) Describe the pros and cons of ABC. Do you think that ABC is beneficial for a company to use? Why or why not? (Points : 30)

2. Question 2. 2. (TCO 7) Products Alpha and Beta are joint products. The joint production cost of the products is $800. Alpha has a market value of $400 at the split-off point. If Alpha is further processed at an additional cost of $600, its market value is $1,400. Product Beta has a market value of $1,200 at the split-off point. If Product Beta is further processed at an additional cost of $300, its market value is $1,400. Using the relative sales value method, calculate the joint product cost that would be allocated to Alpha and Beta. How do you know if one of the products should be further processed? (Points : 30) Question 3. 3. (TCO 8) A company must incur annual fixed costs of $1,000,000 and variable costs of $200 per unit and estimates that it can sell 10,000 pumps annually and marks up cost by 30 percent. Using cost-plus pricing, what is the cost per unit and the price? What are advantages and disadvantages of cost-plus pricing? (Points : 30)

3. age 4 Question 1. 1. (TCO 9) A project will require an initial investment of $400,000 and will return $100,000 each year for six years. If taxes are ignored and the required rate of return is 9%, what is the project’s net present value? Based on this analysis, should the company proceed with the project? (Points : 30) Question 2. 2. (TCO 10) Why does a company perform ratio analysis? What are the profitability ratios? Describe the formula for one profitability ratio and explain how to interpret the ratio? (Points : 30) Download File Now