这是一篇来自美国的限时测验作业代写案例分享

 

SECTION A: This section is COMPULSORY. Answer ALL the questions. Identify the  choice that best completes the statement or answers the question. (2 marks each; 70 marks)

 

Q 1

As the level of activity increases, how will a mixed cost in total and per unit behave?

In Total Per Unit

A)Increase Decrease

B)Increase Increase

C) Increase No effect

D) Decrease Increase

E) Decrease No effect

A) ChoiceA

B)Choice B

C)Choice C

D) ChoiceD

 

Q 2

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

A) periodcost.

B)opportunitycost.

C) sunkcost.

D)differentialcost.

 

Q 3

The following data have been collected for four different cost items.

Cost at                         Cost at

Cost Item                              100 units                      140 units

W                                       $       8,000                $         10,560

X                                        $       5,000                $           5,000

Y                                        $       6,500                $           9,100

Z                                        $       6,700                $           8,580

Which of the following classifications of these cost items by cost behaviour is correct?

  Cost W Cost X Cost Y Cost Z
A) variable fixed mixed variable
B) mixed fixed variable mixed
C) variable fixed variable variable
D) mixed fixed mixed mixed

A) ChoiceA

B)Choice B

C)Choice C

D) ChoiceD

 

Q 4

Ouzts Corporation is considering Alternative A and Alternative B. Costs associated with the alternatives are listed below:

Materials costs

Processing costs

Equipment rental

Occupancy costs

Alternative

A

$  40,000

$  37,000

$  13,000

$  15,000

Alternative

B

$  56,000

$  37,000

$   13,000

$  22,000

What is the financial advantage (disadvantage) of Alternative B over Alternative A?

A) $105,000

B) $23,000

C) $128,000

D) $116,500

 

Q 5

Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

Estimated             Expected Activity           Overhead

Activity Cost Pools Activity Measures         Cost        Product Z9 Product N0  Total

Labour-related         DLHs                         $    324,018          6,400          3,000  9,400

Product testing        tests                                    45,747             400             500     900

Order size                MHs                                  471,108          4,000          4,300  8,300

$    840,873

The activity rate for the Labour-Related activity cost pool under activity-based costing is closest to:

A)$91.49 per DLH

B) $9330 per DLH

C) $114.37per DLH

D) $47 per DLH

 

Q 6

Puello Corporation has provided the following data concerning an investment project that it is considering:

Initial investment

Annual cash flow

$  480,000 $  145,000

per year

The life of the project is 4 years. The company’s discount rate is 8%. The net present value of the project is closest to:

A) $480,000

B) $480,240

C) $100,000

D) $240

 

Q 7

Stomberg Corporation has provided the following data concerning an investment project that it is considering:

Initial investment

Annual cash flow

Salvage value at the end of the project

$

$

550,000

180,000

14,000

per year

The life of the project is 4 years. The company’s discount rate is 10%. The net present value of the project is closest to:

A) $184,000

B) $579,982

C) $29,982

D) $20,420

 

MCQ 8

Suddeth Corporation has entered into a 6-year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to (Ignore income taxes.):

A) $12,528

B) $14,103

C) $14,808

D) $11,050

 

Q 9

How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of $4,800 per year for 7 years, with nothing left in the bank at the end of the 7 years? Select the amount below that is closest to your answer. (Ignore income taxes.)

A) $33,600

B) $2,798

C) $24,989

D) $31,111

 

Q 10

At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $2,000,000 in 10 years? (Ignore income taxes.)

A) $383,436

B) $540,000

C) $740,741

D) $1,043,200

 

Q 11

A company wants to have $40,000 at the end of a five-year period through investment of a single sum now. How much needs to be invested in order to have the desired sum in five years, if the money can be invested at 10% (Ignore income taxes.)?

A) $10,551

B) $8,000

C) $24,840

D) $12,882

 

Q 12

The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.):

Investment

Cash inflow

Year 1

$  32,000

$    8,000

Year 2

$  12,000

$    8,000

Year 3

$  20,000

Year 4

$  16,000

Year 5

$   16,000

Cash inflows occur evenly throughout the year. The payback period for this investment is:

A) 3.0 years

B) 3.5 years

C) 4.0 years

D) 4.5 years

 

Q 13

Fabri Corporation is considering eliminating a department that has an annual contribution margin of $35,000 and $70,000 in annual fixed costs. Of the fixed costs, $25,000 cannot be avoided. The annual financial advantage (disadvantage) for the company of eliminating this department would be:

A) $10,000

B) ($10,000)

C) $35,000

D) ($35,000)

 

Q 14

The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follow:

Sales of 15,000 units

Variable expenses

Contribution margin

Fixed expenses

Net operating loss

$    150,000

120,000

30,000

40,000

$   (10,000)    

If the toys were discontinued, Draper could avoid $8,000 per year in fixed costs. The remainder of the fixed costs are not avoidable.

The  annual  financial  advantage  (disadvantage)  for  the  company  from  discontinuing  the production and sale of Doombugs would be:

A) ($30,000)

B) $10,000

C) ($22,000)

D) $18,000

 

Q 15

Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company’s three activity cost pools are as follows:

Activity Cost Pools

Product design

Assembling

Supporting customers

Estimated            Expected Activity         

Overhead

Cost         Product A  Product B  Total

$  23,500            400            100    500

$  18,000            500            200    700

$  34,600            600            300    900

The activity rate under the activity-based costing system for Supporting customers is closest to:

A)$36.24

B) $38.44

C) $84.56

D) $133

 

Q 16

All of the following are service organizations, except:

A) adry cleaner

B) apublicaccounting firm

C) a manufacturerofsporting goods

D) arealestate brokerage

 

Q 17

Which of the following products have a product life cycle of a few months?

A) Fashionclothinghas a product life cycle of a few months.

B) Automobileshavea product life cycle of a few

C) Planeshavea product life cycle of a few months.

D) Electricstoveshave a product life cycle of a few months.

 

Q 18

Stable sales level corresponds to which stage of the product life cycle?

A) Productdevelopmentstage corresponds to a stable sales level.

B) Introductiontomarket stage corresponds to a stable sales level.

C) Maturemarket stage corresponds to a stable sales level.

D) Phase-outofproduct stage corresponds to a stable sales level.

 

Q 19

The following information applies to Labs Plus, which supplies microscopes to laboratories throughout the country. Labs Plus purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation.

Annual demand (weekly demand= 1/52 of annual demand) Orders per year

Lead time in days

Cost of placing an order

15,600 units

20

15 days

$100

What are the annual relevant carrying costs, assuming each order was made at the economic- order-quantity amount?

A) $200

B) $1,000

C) $2,000

D) $6,000

 

Q 20

The following information applies to Labs Plus, which supplies microscopes to laboratories throughout the country. Labs Plus purchases the microscopes from a manufacturer which has a reputation for very high quality in its manufacturing operation.

Annual demand (weekly demand= 1/52 of annual demand) Orders per year

Lead time in days

Cost of placing an order

15,600 units

20

15 days

$100

What is the economic order quantity assuming each order is made at the economic-order- quantity amount?

A) 15 units

B) 20 units

C) 780 units

D) 1,040 units

 

Q 21

Cost of quality reports usually do not consider:

A) externalfailurecosts

B) opportunitycosts

C) internalfailurecosts

D) appraisalcosts

 

Q 22

Quality costs include ____________

A)purchasingcosts.

B)orderingcosts.

C) stockoutcosts.

D) preventioncosts.

 

Q 23

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.

Sales (5,700 units)                                                                         $          319,200

Variable expenses                                                                                    188,100

Contribution margin                                                                                  131,100

Fixed expenses                                                                                         106,500

Net operating income                                                                    $            24,600

If the company sells 5,300 units, its net operating income should be closest to:

A) $24,600

B) $2,200

C) $22,874

D) $15,400

 

Q 24

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.

Sales (4,200 units)                                                                         $          155,400

Variable expenses                                                                                    100,800

Contribution margin                                                                                    54,600

Fixed expenses                                                                                           42,400

Net operating income                                                                    $            12,200

If the company sells 4,600 units, its total contribution margin should be closest to:

A) $54,600

B) $59,800

C) $69,400

D) $13,362

 

Q 25

Schister Systems uses the following data in its Cost-Volume-Profit analyses:

Total

Sales                                                                                              $          400,000

Variable expenses                                                                                    280,000

Contribution margin                                                                                  120,000

Fixed expenses                                                                                         100,000

Net operating income                                                                    $            20,000

What is total contribution margin if sales volume increases by 20%?

A) $80,000

B) $158,400

C) $200,000

D) $144,000

 

Q 26

Kelchner  Corporation  has  provided  the  following  contribution  format  income  statement. Assume that the following information is within the relevant range.

Sales (3,000 units)                                                                         $          180,000

Variable expenses                                                                                    108,000

Contribution margin                                                                                    72,000

Fixed expenses                                                                                           62,400

Net operating income                                                                    $              9,600

The contribution margin ratio is closest to:

A)67%

B) 40%

C) 33%

D)60%


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