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ACCT 505 DEVRY Tutorial • 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 Week 4 Midterm Exam • 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 Entire Course ACCT 505 Week 1
ACCT 505 DEVRY Tutorial • 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. • 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: ACCT 505 Week 1 Case Study ACCT 505 Week 2 Quiz Job Order and Process Costing Systems
ACCT 505 DEVRY Tutorial • 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 • $160 • Average variable cost per passenger • $70 • 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 ACCT 505 Week 3 Case Study II ACCT 505 Week 4 Midterm Exam
ACCT 505 DEVRY Tutorial • 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. • od. A schedule of expected cash disbursements for merchandise purchases, by month and in total. • 1.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 • (A) • Yes • Yes • (B) • Yes • No ACCT 505 Week 5 Measuring Performance ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions
ACCT 505 DEVRY Tutorial • 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. • ACCT 505 Final Exam ACCT 505 Week 7 Capital Budgeting Course Project ACCT 505 Final Exam