ACCT 434 Final Exam Essay

735 Words Sep 6th, 2014 3 Pages
ACCT 434 Final Exam

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1. (TCO 1) Which of the following is a sign that an ABC system may be useful?
2. (TCO 1) Merriamn Company provides the following ABC costing information:…………How much of the account billing cost will be assigned to Department B?
3. (TCO 2) Budgeting provides all of the following EXCEPT
4. (TCO 2) White planned to use $82 of material per unit but actually used $80 of material per unit, and planned to make 1,200 units but actually made 1,000 units. The flexible-budget variance is
5. (TCO 3) The conference method estimates cost functions
6. (TCO 4) In evaluating different alternatives, it is useful to concentrate on
7. (TCO 5) Producing more nonbottleneck output
8. (TCO 5) Schmidt
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Materials inventory on June 1 was 15,000 pounds.
Prepare a purchases budget in pounds for July, August, and September, and give total purchases in both pounds and dollars for each month.
3. (TCO 3) As part of his job as cost analyst, Max Thompson collected the following information concerning the operations of the Machining Department. Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.
4. (TCO 5) Collier Bicycles has been manufacturing its own wheels for its bikes. The company is operating at 100% capacity, and variable manufacturing overhead is charged to production at the rate of 30% of direct labor cost. The direct materials and direct labor cost per unit to make the wheels are $1.50 and $1.80, respectively. Normal production is 200,000 wheels per year......? Justify your answer.
5. (TCO 1) For each of the following activities, identify an appropriate activity-cost driver. a. machine maintenance b. machine setup c. quality control d. material ordering e. production scheduling f. warehouse expense g. engineering design
6. (TCO 2) Lubriderm Corporation has the following budgeted sales for the next six-month period ……Prepare a purchases budget in pounds for July, August, and September, and give total purchases in both pounds and dollars for each month.
7. (TCO 3) As part of his job as cost analyst, Max Thompson collected the following information concerning the operations of the
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