ACCT 505 DeVry Week 4 Complete Work

ACCT 505 DeVry Week 4 DQ 1

ABC and Budgeting – Discussion

Budgeting Case Study (Graded)

Let’s start the week by reviewing the following case. First, let’s discuss how the budgeting process as employed by Springfield contributes to the failure to achieve the president’s sales and profit targets. Click here to view the file

ACCT 505 DeVry Week 4 DQ 2

ABC and Budgeting – Discussion

Exam Review (Graded)

To begin, download the practice Midterm Exam from Doc Sharing to access questions and topics for review. For multiple-choice questions, please explain why the answer chosen is correct, and why the other choices would not be correct. Please support your response. Let’s begin with the questions on Page 1.

ACCT 505 DeVry Week 4 Midterm Exam Set 1

(MCQs & Explanatory)

Page One

1. (TCO A) Direct material cost is a part of:(Points : 6)

2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): (Points : 6)

3. (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of a(n): (Points : 6)

4. (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following?

5. (TCO F) Emco Company uses direct labor cost as a basis for computing its predetermined overhead rate. In computing the predetermined overhead rate for last year, the company included in direct labor cost a portion of indirect labor. The effect of this misclassification will be to: (Points : 6)

6. (TCO F) Which of the following statements about process costing system is incorrect?(Points : 6)

7. (TCO F) The weighted-average method of process costing differs from the FIFO method of process costing in that the ACCT 505 DeVry Week 4 Complete Work weighted-average method: (Points : 6)

8. (TCO B) The contribution margin ratio always increases when the:(Points : 6)

9. (TCO B) The unit sales needed to attain the target website profit is found by: (Points : website 6)

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