preview

ACG 63151For which of the following

Better Essays
Open Document

ACG 6315

1.For which of the following products would job order costing be least likely to be used?

Textbook printing

Newsprint paper Manufacturing


Mortgage loan processing

Residential building
2.Which of the following costs are treated as part of the cost of product?

Wages of plant security guards

Insurance on the plant building and equipment

All of the above are product costs

Depreciation on the kitchen sink in the plant cafeteria
3. If a cost is identical under each alternative under consideration within a given decision context, the cost is considered:

An outlay cost

A sunk cost

An opportunity cost

An irrelevant cost

4. Which of the following is an example of an activity cost driver?

None of the above …show more content…

Determine the unit break-even point, assuming fixed costs are $60,000 per period, variable costs are $16.00 per unit, and the sales price is $25.00 per unit.

12,000


5,000

6,667

15,000
13. Chinchilla, Inc. uses activity-based costing. The company produces X and Y. Information relating to the two products is as follows:
 X
Y
Units produced
38,000
50,000
Machine-hours
15,000
17,000
Direct labor-hours
16,000
24,000
Materials handling (number of moves)
8,000
12,000
Setups
10,000
14,000

The following costs are reported: Materials handling
$320,000
Labor-related overhead
560,000
Setups
480,000

Labor-related overhead costs assigned to product X are:

$464,000

$224,000

$576,000

$384,000

14. A decision to work closely with a limited number of suppliers for the purpose of ensuring that the proper materials are available at the optimal time is an example of:

A batch level cost driver

An activity cost driver

An organizational cost driver

A structural cost driver
15. A unit contribution margin measures:

The difference between price and variable cost per unit

The difference between unit sales and total costs per unit

The percentage difference between sales and cost of goods sold

The difference between sales and cost of goods sold on a unit basis

16. The following information pertains to Pellino’s 2014 operations:

Selling price per unit

Get Access
Related
Get Access