External link to Question : 21.Compared to a traditional two-stage cost allocation system, activity-based costing : 1257144

Question : 21.Compared to a traditional two-stage cost allocation system, activity-based costing : 1257144

    21.Compared to a traditional two-stage cost allocation system, activity-based costing systems:    A. use fewer cost centers.   B. use more cost drivers.   C. are less expensive to maintain.   D. All of these answers are correct.     22.Which of the following activity costs would likely be included in a batch-level activity cost pool?    A. Per unit inspection costs   B. Machine set-up costs   C. Quality control costs […]

External link to Question : 49.Pinkston Company purchased two identical inventory items. One of the : 1254434

Question : 49.Pinkston Company purchased two identical inventory items. One of the : 1254434

  49.Pinkston Company purchased two identical inventory items. One of the items, purchased in January, cost $18.00. The other, purchased in February, cost $19.00. One of the items was sold in March at a selling price of $30.00. Select the correct answer assuming that Pinkston uses a LIFO cost flow.    A. The balance in ending inventory would be $19.00. B. The amount of gross margin would be […]

External link to Question : 51. When using residual income (RI) as a project-screening tool, management : 1208321

Question : 51. When using residual income (RI) as a project-screening tool, management : 1208321

  51. When using residual income (RI) as a project-screening tool, management should accept a project if:  A. RI is negative. B. RI is positive. C. RI equals ROI. D. None of the other answers are correct. 52. Brookings Company evaluates its managers on the basis of return on investment. Division Three has a return on investment (ROI) of 15% while the company as a whole has an ROI of only […]

External link to Question : 154. The Everest Company has income from operations of $80,000, invested : 1227024

Question : 154. The Everest Company has income from operations of $80,000, invested : 1227024

    154. The Everest Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,030,000. What is the profit margin?  A. 48.5% B. 7.8% C. 16.0% D. 4.3%   155. The Everest Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,030,000. What is the investment turnover?  A. 6.25 B. 2.06 C. .49 D. 12.88   156. The balanced scorecard measures  A. only financial information B. only nonfinancial […]

External link to Question : 51.The term paid-in capital means: A. All assets other than retained earnings. B. Legal : 1237470

Question : 51.The term paid-in capital means: A. All assets other than retained earnings. B. Legal : 1237470

    51.The term paid-in capital means:    A. All assets other than retained earnings.   B. Legal capital plus retained earnings.   C. Total stockholders’ equity minus retained earnings.   D. Legal capital minus retained earnings.         52.Which of the following best describes retained earnings?    A. Cash available for dividends.   B. The amount initially invested in the business by stockholders.   C. Cash available for expansion and growth. […]

External link to Question : 71. To help employees manage their multiple roles, companies have turned : 1250893

Question : 71. To help employees manage their multiple roles, companies have turned : 1250893

    71. To help employees manage their multiple roles, companies have turned to a number of family-friendly policies that include all of the following EXCEPT:  A. provisions for child and elder care. B. extended maternal and paternal leaves. C. telecommuting. D. traditional 40-hour work week schedules. To help employees manage their multiple roles, companies have turned to a number of family-friendly policies to both recruit new talent and hold […]

External link to Question : 82.Peterson Company estimates that overhead costs for the next year : 1258528

Question : 82.Peterson Company estimates that overhead costs for the next year : 1258528

  82.Peterson Company estimates that overhead costs for the next year will be $6,520,000 for indirect labor and $550,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 140,000 machine hours are planned for this next year, what is the company’s plantwide overhead rate?     A. $.02147 per machine hour. B. $50.50 per machine hour. C. $45.75 per machine hour. D. $3.9286 per machine […]

External link to Question : 51. Prime costs consist of direct labor and factory overhead. 52. : 1256489

Question : 51. Prime costs consist of direct labor and factory overhead. 52. : 1256489

    51. Prime costs consist of direct labor and factory overhead.       52. The manufacturing statement is also known as the schedule of manufacturing activities or the schedule of cost of goods manufactured.     53. The manufacturing statement must be prepared monthly as it is a required general-purpose financial statement.       Multiple Choice Questions     54. Managerial accounting […]

External link to Question : 11) Managers use cost accumulation data to make decisions and : 1211953

Question : 11) Managers use cost accumulation data to make decisions and : 1211953

  11) Managers use cost accumulation data to make decisions and implement them. 12) Lucas Manufacturing has three cost objects that it uses to accumulate costs for its manufacturing plants. They are:   Cost object #1:The physical buildings and equipment Cost object #2:The use of buildings and equipment Cost object #3:The availability and use of manufacturing labor   The following manufacturing overhead cost categories are […]

External link to Question : 11) Blue Moon Company has the following data for the : 1230191

Question : 11) Blue Moon Company has the following data for the : 1230191

  11) Blue Moon Company has the following data for the year:   Beginning inventory   $80,000 Net purchases $115,000 Net sales revenue $200,000 Normal gross profit percentage 45%   What is the estimated ending inventory? A) $65,000 B) $80,000 C) $85,000 D) $105,000   12) The following data are for Tina’s Candy Store for January:   Beginning inventory   $215,000 Net sales revenue $440,000 […]

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