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ACCT 434 DEVRY Tutorial • ACCT 434 Week 1-7 All Discussion Questions • ACCT-434 Week 1 Quiz Activity Based Costing • ACCT-434 Week 2 Master Budget Flexible Budgets • ACCT-434 Week 3 Cost Behavior Decision Making Quality • ACCT-434 Week 4 Midterm Exam • ACCT-434 Week 5 Pricing Decisions Management Control Systems • 1. • Question : • (TCO 1) The average cost data are for In-Sync Fixtures Company's (a retailer) only two product lines, Marblette and Italian Marble.Marblette Italian Marble • Purchase volume 20,000 1,000Purchase cost per unit $50 $250Shipments received 12 12Hours used per shipment * 5 3* These data were accumulated after a careful activity analysis. ACCT 434 Entire Course Advanced Cost Management (Devry) ACCT 434 Week 1 Quiz Activity Based Costing (Devry)
ACCT 434 DEVRY Tutorial • Week 1 DQ1 ABC Journey • Week 1 DQ2 Workout Room • Week 2 DQ1 Flexible versus Static Budgets • Week 2 DQ2 Workout Room • Week 3 DQ1 Relevant Costs • Week 3 DQ2 Workout Room • Week 4 DQ1 Accounting for Primary Products • 1. • Question : • (TCO 2) Operating budgets and financial budgets • 2. • Question : • (TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget. • 3. • Question : • (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet? ACCT 434 Week 1-7 All Discussion Questions (Devry) ACCT 434 Week 2 Master Budget Flexible Budgets (Devry)
ACCT 434 DEVRY Tutorial • 1. • Question : • (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? • 2. • Question : • (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? • 1. • Question : • (TCO1) ABC systems create • 2. • Question : • (TCO 1) Merriamn Company provides the following ABC costing information: • Activities • Total Costs • Activity-cost drivers ACCT 434 Week 3 Cost Behavior Decision Making Quality (Devry) ACCT 434 Week 4 Midterm Exam (Devry)
ACCT 434 DEVRY Tutorial • 1. Question : • (TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of • 2. Question : • (TCO 7) The first step in implementing target pricing and target costing is • 3. Question : • (TCO 7) The markup percentage is usually higher if the cost base used is • 1.Question : • (TCO 9) To guide cost allocation decisions,the benefits-received criterion • 2. Question : • (TCO 9) A challenge to using cost-benefit criteria for allocating costs is that • 3. Question : • (TCO 9) The MOST likely reason for NOT allocating corporate costs to divisions include that ACCT 434 Week 5 Pricing Decisions Management Control Systems (Devry) ACCT 434 Week 6 Customer Profitability Capital Budgeting (Devry)
ACCT 434 DEVRY Tutorial • 1. Question : • (TCO 11)The four cost categories in a cost of quality program are • 2. Question : • (TCO 11) ________ is a formal means of distinguishing between random and nonrandom variation in an operating process. • 3. Question : • (TCO 11) Which of the following is NOT one of the steps in managing bottlenecks under the theory of constraints? ACCT 434 Week 7 Quality Control Inventory Management (Devry)
