Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
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number of units put into production. | | | | less than the number of units put into production. | | | | the same as the number of units completed. | | | | less than the number of units completed. | | Instructor Explanation: | Chapter 4 | | | | Points Received: | 0 of 5 | | Comments: | | | | 2. | Question : | (TCO F) Luft Company uses the weighted-average
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| | | | Sole proprietorships and partnerships generally have a tax advantage over many corporations‚ especially large ones. | | | | Corporations of all types are subject to the corporate income tax. | | Instructor Explanation: | Chapter 1Explanation: Ch 1: d is correct‚ all others are incorrecta: incorporating provides owners limited liabilityb: sole proprietorship has less regulation than corporationc: In limited partnerships certain partners can be designated general partners
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FINAL PAPER Managerial Accounting Ateneo-Regis MBA Program by: Maria Victoria Sierra TAMERA PLAZA INN‚ "Your Urban Bed and Breakfast” On this small plot of land in the middle of a bustling city called Bacolod‚ in the Negros Occidental province of the Philippines‚ lies home to the family of Jose and Teodula Tamera. Located on 79 Lacson Street‚ this place was especially home to one of their sons‚ Robin Tamera. After years of decadence in this little
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Caribbean Brewers: Transfer Pricing‚ Ethics and Governance Case Summary Gera International is a well established international brand of beer that is ranked amongst the top three brands of beer in the world. With transportation prices rising‚ Gera International decided to purchase a plant in Antigua in 2005 and they renamed the subsidiary‚ Caribbean Brewers‚ Inc. (CBI). In 2008‚ the production facilities of CBI were expanded and their productive capacity doubled. Furthermore‚ we are then introduced
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the company’s strategy. Sometimes a deal comes along that is too good to pass up. In such a case‚ a company might depart from its strategic plan (or revise the plan to accommodate the investment) 2. A firm with an opportunity cost of capital of 15 percent faces two mutually exclusive investment projects: a. Acquire goods at the start of the year‚ ship them to Japan‚ and sell them at the end of the year. The internal rate of return is 20 percent and it has a positive NPV. b. Make certain expenditures
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CHAPTER 8 FLEXIBLE BUDGETS‚ OVERHEAD COST VARIANCES‚ AND MANAGEMENT CONTROL 8-1 Effective planning of variable overhead costs involves: 1. Planning to undertake only those variable overhead activities that add value for customers using the product or service‚ and 2. Planning to use the drivers of costs in those activities in the most efficient way. 8-2 At the start of an accounting period‚ a larger percentage of fixed overhead costs are locked-in than is the case with variable overhead
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Valdez‚ Victoria Janina V. FM42FC3 REACTION PAPER: ACCOUNTING IN 2015 What Will the Next 15 Years Bring?” By: Michael Alles‚ Alexander Kogan‚ and Miklos A. Vasarthelyi (Faculty members of the Rutgers University‚ Neawark‚ New Jersey‚ USA) The paper focused on single greatest change agent facing accounting in the next 15 years which is technology. Emerging trends in technology will fundamentally alter the way in which both business and accounting will be conducted. The measurement and reporting
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Financial accounting refers to accounting and oversight of the companies have completed a comprehensive system of campaign funds‚ that the external economic stakes of investors‚ creditors and the government departments concerned and enterprises to provide economic information of the financial position and profitability as the main target carry out economic activities. Financial Accounting is an important foundation work of modern enterprises‚ through a series of accounting procedures‚ provided useful
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ACCOUNTING 569 MIDTERM 1 FALL 1995 NAME ______________________ ID # I. 15 Points 1. Otis Corp. has the following data: Selling price $50/unit Variable manufacturing costs $20/unit Fixed costs: Manufacturing $100‚000 Selling and admin. $ 50‚000 a.(3 points) The breakeven point is: b.(3 points) Given a volume of 15‚000 units‚ operating leverage is: c.(4 points)
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