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19. Materials C is in stock due to the previous over-buying, and they have restricted use. No other use could be found for material C. What is the relevant cost? Lloyd Industries Ltd. has been approached by a customer who would like a special job to be done for him and is willing to pay $60,000 for it. The job would require the following materials. Material Total units required Units Book value of Realizable Replacement cost $/unit already in stock units in stock value $/unit $/unit A 1000 16.00 B 1000 600 12.00 12.50 15.00 1000 700 13.00 12.50 14.00 D 200 200 14.00 16.00 19.00 a. $12 950 b. $4 000 C. $7 700 d. $8 750 20. Management accounting information systems has three broad objectives. Which of the following is NOT one of the objectives? a. Provide information for the functions of management b. Provide information for management decision making C. Provide information for external decision making d. Provides information for costing services and products of interest to managers

19. Materials C is in stock due to the previous over-buying, and they have restricted use. No other use could be found for material C. What is the relevant cost? Lloyd Industries Ltd. has been approached by a customer who would like a special job to be done for him and is willing to pay $60,000 for it. The job would require the following materials. Material Total units required Units Book value of Realizable Replacement cost $/unit already in stock units in stock value $/unit $/unit A 1000 16.00 B 1000 600 12.00 12.50 15.00 1000 700 13.00 12.50 14.00 D 200 200 14.00 16.00 19.00 a. $12 950 b. $4 000 C. $7 700 d. $8 750 20. Management accounting information systems has three broad objectives. Which of the following is NOT one of the objectives? a. Provide information for the functions of management b. Provide information for management decision making C. Provide information for external decision making d. Provides information for costing services and products of interest to managers

Essentials of Business Analytics (MindTap Course List)
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter15: Decision Analysis
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19. Materials C is in stock due to the previous over-buying, and they have restricted use. No other use could be found for material C. What is the relevant cost? Lloyd Industries Ltd. has been approached by a customer who would like a special job to be done for him and is willing to pay $60,000 for it. The job would require the following materials. Material Total units required Units Book value of Realizable Replacement cost $/unit already in stock units in stock value $/unit $/unit A 1000 16.00 B 1000 600 12.00 12.50 15.00 14.00 C 1000 700 13.00 12.50 200 200 14.00 16.00 19.00 a. $12 950 b. $4 000 C. $7 700 d. $8 750 20. Management accounting information systems has three broad objectives. Which of the following is NOT one of the objectives? а. Provide information for the functions of management b. Provide information for management decision making C. Provide information for external decision making d. Provides information for costing services and products of interest to managers
Transcribed Image Text:19. Materials C is in stock due to the previous over-buying, and they have restricted use. No other use could be found for material C. What is the relevant cost? Lloyd Industries Ltd. has been approached by a customer who would like a special job to be done for him and is willing to pay $60,000 for it. The job would require the following materials. Material Total units required Units Book value of Realizable Replacement cost $/unit already in stock units in stock value $/unit $/unit A 1000 16.00 B 1000 600 12.00 12.50 15.00 14.00 C 1000 700 13.00 12.50 200 200 14.00 16.00 19.00 a. $12 950 b. $4 000 C. $7 700 d. $8 750 20. Management accounting information systems has three broad objectives. Which of the following is NOT one of the objectives? а. Provide information for the functions of management b. Provide information for management decision making C. Provide information for external decision making d. Provides information for costing services and products of interest to managers
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