Which of the following is a not a consequence of unethical behavior?
a.It can lead to illegal activity.
b.It can lead to the destruction of the firm.
c.It can lead to inferior financial performance.
d.All of these answer choices are consequences of unethical behavior.
Upton, Inc. has collected the following information on its copying costs for the month.
Required:
a.Using the high-low-method, compute the variable cost per copy.
b.Compute the total fixed cost per month.
c.Represent the copy cost function in equation form.
d.What is the expected cost if 800 copies are made?
Logan Corporation is considering a eliminating a department that has incurred losses
over the past several years. The department has a contribution margin of $32,000 per
year. The fixed costs charged to the department total $37,000. $15,000 of the fixed costs
is avoidable. If the department is eliminated, what would be the effect on the
corporation ‘s operating income?
a. $17,000 decrease
b. $37,000 decrease
c. $15,000 increase
d. $22,000 increase
Residual income is a measurement of
a. Inputs.
b. Outcomes.
c. Quality
d. None of these answer choices are correct.
Which of the following is not a factor in the amount of material used in production,
resulting in a direct materials quantity variance?
a. The quality of the material.
b. The skill level of the production workers.
c. The supervision provided by the production manager.
d. All of these answer choices are correct.
Which of the following inventory accounts is used in a process costing system?
a. Raw materials
b. Work in process
c. Finished goods
d. All of these answer choices are correct
Which of the following is not classified as a fixed product cost?
a. Machine depreciation
b. Electricity
c. Factory rent
d. Production manager’s salary
Generally a high inventory turnover rate is considered.
a. Good.
b. Bad.
c. Indifferent.
d. Proportionate to net income.
Using the following unit data for a company that produces Product A and B, what is the
breakeven point (round to nearest unit) when fixed costs total $175,000?
a. 659 Product A; 556 Product B
b. 792 Product A; 352 Product B
c. 849 Product A; 849 Product B
d. 2,574 Product A; 1,144 Product B
The debt to equity ratio measures the amount of financing provided by creditors relative
to
a. Equity earned through from operations.
b. Equity provided by retained earnings.
c. Equity provided by owners.
d. None of these answer choices are correct.
Mirada Manufacturing produces pumps for residential swimming pools. For the year,
management estimated that total manufacturing overhead would be $1,488,000.
Management decided to use direct labor hours to apply manufacturing overhead and
budgeted 62,000 direct labor hours. The following information was compiled before an
adjustment had been made to close Manufacturing Overhead Control:
How much overhead did Mirada apply to jobs during the year (if necessary, round your
answer to the nearest dollar)?
a. $1,434,576
b. $1,655,280
c. $1,487,683
d. $1,434,680
When a company compares a proposed project to a performance benchmark, which of
the following benchmarks might the company use?
a. Minimum required return on investment
b. Minimum number of years in which the project must return the original investment
c. Both the minimum required return on invest and the minimum number of years in
which the project must return the original investment
d. Neither the minimum required return on invest nor the minimum number of years in
which the project must return the original investment