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FOR MORE CLASSES VISIT<br>www.acct505outlet.com<br><br>ACCT 505 Week 1-7 All Discussion Questions<br> <br>ACCT 505 Week 1 Case Study<br> <br>ACCT 505 Week 2 Quiz Job Order and Process Costing Systems<br> <br>ACCT 505 Week 3 Case Study II<br> <br>ACCT 505 Week 4 Midterm Exam<br> <br>ACCT 505 Week 5 Measuring Performance - Course Project A<br> <br>ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions<br> <br>ACCT 505 Week 7 Capital Budgeting Course Project<br>Related Tutorials<br>
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ACCT 505 Entire Course (Devry) • 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 3 Case Study II
ACCT 505 Final Exam (Devry) • ACCT 505 Final Exam
ACCT 505 Week 1 Case Study (Devry) • 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. • Before the unfortunate incident, recovery specialists cleaned the buildings. The company controller is very nervous and anxious to recover whatever records he can to support the insurance claim for the destroyed inventory. After consulting with the cost accountant, they decide to retrieve the previous year’s annual report for the beginning inventory numbers. In addition, they also agreed that they need first quarter cost data.
ACCT 505 Week 1-7 All Discussion Questions (Devry) • 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 • Week 3DQ 2 Research and Application • Week 4DQ 1 Budgeting Case Study
ACCT 505 Week 2 Quiz Job Order and Process Costing Systems (Devry) • 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
ACCT 505 Week 3 Case Study II (Devry) • 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
ACCT 505 Week 4 Midterm Exam (Devry) • 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.
ACCT 505 Week 5 Measuring Performance - Course Project A (Devry) • Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets: • · 1. • oa. A sales budget, by month and in total. • ob. A schedule of expected cash collections from sales, by month and in total. • oc. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions (Devry) • 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
ACCT 505 Week 7 Capital Budgeting Course Project (Devry) • Here is Part B: • Clark Paints: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchasing them. The equipment needed would cost $200,000 with a disposal value of $40,000 and would be able to produce 5,500,000 cans over the life of the machinery. The production department estimates that approximately 1,100,000 cans would be needed for each of the next five years. • The company would hire three new employees. These three individuals would be full-time employees working 2,000 hours per year and earning $12.00 per hour. They would also receive the same benefits as other production employees, 18% of wages in addition to $2,500 of health benefits.
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