element of manufacturing overhead

The Clinical Issue And Research Questions Developed Using PICOT
September 20, 2019
What Role Do Nurses Have In Selecting And Evaluating Information Systems Within Your Work Environment?
September 20, 2019

element of manufacturing overhead

1. Which of the following is NOT an element of manufacturing overhead?
a. 0 Factory employee’s salary
b. 0 Depreciation on the factory
c. 0 Plant manager’s salary
d. 0 Factory repairperson’s wages

2. What accounts are NOT classified in the current assets section of the balance sheet?
a. 0 Cash
b. 0 Accounts payable
c. 0 Security deposits
d. 0 Inventory

3. The starting point of a master budget is the preparation of the
a. 0 cash budget.
b. 0 sales budget.
c. 0 production budget.
d. 0 budgeted balance sheet.
4. What amounts are not included in Gross Margin?
a. 0 Operating expenses
b. 0 Sales
c. 0 Cost of goods sold
d. 0 Commissions paid

5. At what rate is the income statement converted for US $ comparison?
a. 0 Month end
b. 0 First day of the month rate
c. 0 Average rate
d. 0 It is not appropriate to convert to US $.

6. Which list below best describes the major services performed by public accountants?
a. 0 Bookkeeping, mergers, and budgets
b. 0 Employee training, auditing, and bookkeeping
c. 0 Auditing, taxation, management consulting
d. 0 Cost accounting, production scheduling, recruiting

7. Jaime Inc. manufactures two products, sweaters and jackets. The company has estimated its overhead in the order-processing department to be $180,000. The company produces 50,000 sweaters and 80,000 jackets each year. Sweater production requires 25,000 machine hours, jacket production requires 50,000 machine hours. The company places raw materials orders 10 times per month, 2 times for raw materials for sweaters and the remainder for raw materials for jackets. How much of the order-processing overhead should be allocated to jackets?
a. 0 $90,000
b. 0 $120,000
c. 0 $110,770
d. 0 $144,000

8. ABC Bread sells a box of bagels with a contribution margin of 62.5%. Its fixed costs are $150,000 per year. How much sales dollars does ABC Bread need to break-even per year if bagels are its only product?
a. 0 $93,750
b. 0 $150,000
c. 0 $240,000
d. 0 $90,000

9. What exists when budgeted costs exceed actual results?
a. 0 A budgeting error
b. 0 A favorable difference
c. 0 An unfavorable difference
d. 0 An excess profit

10. Disclosures about inventory should include each of the following EXCEPT
a. 0 The basis of accounting
b. 0 The costing method
c. 0 The quantity of inventory
d. 0 The major inventory classifications

11. Which of the following is NOT a part of the accounting process?
a. 0 Recording
b. 0 Identifying
c. 0 Financial decision making
d. 0 Communicating

12. The cost principle is the basis for preparing financial statements because it is
a. 0 a conservative value.
b. 0 relevant and objectively measured, and verifiable.
c. 0 an international accounting standard.
d. 0 the most accurate measure of purchasing power.

 

BUS/475 Sample Final Exam

Quantitative analysis
Probability and statistics
Measure of set operations
Conditional/joint probabilities
Counting rules
Measures of central tendency and dispersion
Distributions (including normal and binomial)
Sampling and estimation
Hypothesis testing
Correlation and regression
Time-series forecasting
Statistical concepts in quality control
Management science
Linear programming
Project scheduling (including PERT and CPM)
Inventory and production planning
Managing continuous improvement
Special topics (including queuing theory, simulation, and decision analysis)

 

 

 

 

 

 

 

 

 

 

 

“Is this question part of your assignment? We Can Help!”


element of manufacturing overhead was first posted on September 20, 2019 at 6:31 pm.
©2019 "Term Papers Writer". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected]

 

“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”


element of manufacturing overhead was first posted on September 20, 2019 at 6:32 pm.
©2019 "nursing Writers". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected]

 

"Is this question part of your assignment? We Can Help!"

Essay Writing Service