11) Which of the following illustrates a purpose for allocating costs to cost objects? A) to provide information for economic decisions B) to reduce competition C) to determine employee benefit costs D) to defer income and reduce taxes payable E) to motivate employees 12) Deciding whether to make a component part or to purchase it, would be an example of which cost allocation […]
21) Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $80 per table, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. It is Backwoods’ policy to add a 50% markup to full costs. a.Backwoods Incorporated is invited to bid on an order to supply 100 rustic tables. What is the lowest […]
128.Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these bonds at a price of $201,000, the gain or loss on retirement is: A.$1,000 gain. B.$2,000 loss. C.$3,000 gain. D.$1,000 loss. E.$2,000 gain. 129.A company retires its bonds at 105. The face value is $100,000 and the carrying value of the […]
121. Huffington Company traded in an old delivery truck for a new one. The old truck had a cost of $75,000 and accumulated depreciation of $60,000. The new truck had an invoice price of $125,000. Huffington was given a $12,000 trade-in allowance on the old truck, which meant they paid $113,000 in addition to the old truck to acquire the new truck. If this transaction […]
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 71) Eastern Star Nursing Home has been using an indirect overhead job cost system for allocating general and nursing overhead charges to all patients. However, during the past few months the facility has been losing patients because a competing nursing home charges much less for some classes of […]
51. The entry to record the issuance of 1,000 shares of $10 par-value common stock for $14 a share consists of a debit to Cash for $14,000 and a credit to Common Stock for A. $14,000. B. $10,000 and a credit to Gain on Sale of Common Stock for $4,000. C. $10,000 and a credit to Paid-in Capital in Excess of Par Value—Common Stock for $4,000. D. $10,000 and […]
61.To appear in a balance sheet of a business entity, an asset need not: A.Be an economic resource. B.Have a ready market value. C.Be expected to benefit future operations. D.Be owned by the business. 62.A balance sheet: A.Provides owners, investors, and other interested parties with all the financial information they need to evaluate the financial strength, […]
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 21) What type of cost is the result of an event that results in multiple products simultaneously? 21) ______ A) main cost B) byproduct cost C) joint cost D) separable cost E) split off cost 22) Costs which are assignable beyond the split off point at which individual products […]
161. Rusty Co. sells two products, X and Y. Last year Rusty sold 5,000 units of X’s and 35,000 units of Y’s. Related data are: Unit Selling PriceUnit VariableUnit contribution ProductPriceCostMargin X$110.00$70.00$40.00 Y70.0050.00$20.00 Assuming that last year’s fixed costs totaled $675,000. What was Rusty Co.’s break-even point in units? A. 16,875 unitsB. 30,100 unitsC. 30,000 unitsD. 11,250 units 162. If sales are $400,000, variable […]
99.A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively: A.13.3%; 0.2. B.13.3%; 1.5. C.2.0%; 1.5. D.1.5%; 0.2. E.1.5%; 13.3. 100.Investments can be classified as all but which of the following? A.Intangible investments. B.Held-to-maturity debt securities. C.Available-for-sale debt securities. D.Available-for-sale equity securities. E.Trading securities. 101.Investments in debt […]
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This discussion question is based on pp. 303-343 of The Essential Theater, 10th ed., by Oscar G. Brockett and Robert J. Ball. (Please see syllabus for complete bibliographic information).
Topics you should know before answering this question:
1. The role of the director (pp. 322-324)
2. Approaches to directing (pp. 324-329)
Includes: literal, translation, and auteur approaches
3. Design and casting (pp. 329-332)
4. Stage, gesture, voice and speech (pp. 332-338)
The three different approaches to directing are the literal approach, the translation approach, and the auteur approach. Explain the difference between these three approaches. Then, explain what a translation approach to Romeo and Juliet might look like.
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This discussion question is based on pp. 345-360 of The Essential Theater, 10th ed., by Oscar G. Brockett and Robert J. Ball. (Please see syllabus for complete bibliographic information).
Topics you should know before answering this question:
1. The actor’s training and means (pp. 346-357)
2. From training to performing (pp. 351-358)
3. Dress rehearsals and performance (pp. 359-360)
Describe how an actor prepares for a role from the moment he or she gets the script to the final performance. Which aspects of this preparation do you think is most important and why?
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This discussion question is based on pp. 27-32 and pp. 319-322 of The Essential Theater, 10th ed., by Oscar G. Brockett and Robert J. Ball.
You are a Broadway producer and are trying to select your next show to back. You have two strong choices: the stage version of a popular animated film (like Disney’s Frozen) or a new dark comedy about the rise and fall of the 90s grunge rock movement. What are the pros and cons of producing each show? Which of these shows would you choose and why?
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