Acct 344 Final Exam Latest 2014 – Devry

In: Business and Management

Submitted By coursehomework
Words 1213
Pages 5
ACCT 344 FINAL EXAM LATEST 2014 – DEVRY
To purchase this, Click here http://www.coursehomework.com/product/acct-344-final-exam-latest-2014-devry/ Contact us at: help@coursehomework.com ACCT 344 FINAL EXAM LATEST 2014 - DEVRY
(TCO 2) WHICH COST IS NOT A PERIOD COST? (POINTS : 5)
Lumber for furniture
Executive administrative assistant salary
Depreciation on sales staff's cars
Sales commission
Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5)
Ink pens
Custom boot maker
Soda pop
Horse saddles
Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods.
Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5)
$300,000.
$150,000.
$60,000.
$0.
Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5)
Moving
Inspection
Processing
Waiting
Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total contribution margin.
Question 7.7.(TCO 1) The Kringel Company provides the following information.
Sales (200,000 units) $500,000
Manufacturing costs
Variable $170,000
Fixed $30,000
Selling and administrative costs
Variable $80,000
Fixed $20,000
Which is the break-even point in units for Kringel? (Points : 5)
33,334 units
100,000 units
40,000 units
200,000 units
Question 8.8.(TCO 7) Which would be the most appropriate base for allocating the…...

Similar Documents

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwnerd.com/ACCT-344-Final-Exam-Latest-2014-Devry-1235.htm If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total contribution......

Words: 1223 - Pages: 5

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwnerd.com/ACCT-344-Final-Exam-Latest-2014-Devry-1235.htm If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total contribution......

Words: 1223 - Pages: 5

Devry Acct 504 Final Exam - 2014

...DeVry ACCT 504 Final exam - 2014 IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-504-Final-Exam-Latest-2014-DeVry-1111117.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 1. Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Reduced legal liability for investors Harder to transfer ownership Lower taxes Most common form of organization 2. Dividends _____. represent an expense and are an operating activity represent an obligation and are an operating activity represent a distribution of earnings and are a financing activity represent an asset and are an investing activity 3. Below is a partial list of account balances for LBJ Company: Cash $15,000 Prepaid insurance 5,000 Accounts receivable 2,500 Accounts payable 3,000 Notes payable 6,000 Common stock 10,000 Dividends 500 Revenues 15,000 Expenses 13,000 What did LBJ Company show as total debits? $34,000 $36,000 $70,000 $31,000 4. Under the accrual basis of accounting, revenues are recorded and reported _____. when companies receive payments for jobs performed or products provided when companies have provided products or performed services when companies receive payments prior to providing products or performing services when companies receive payments after providing products or performing services 5. In a period of increasing......

Words: 1908 - Pages: 8

Devry Acct 504 Final Exam - 2014

...DeVry ACCT 504 Final exam - 2014 IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-504-Final-Exam-Latest-2014-DeVry-1111117.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 1. Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Reduced legal liability for investors Harder to transfer ownership Lower taxes Most common form of organization 2. Dividends _____. represent an expense and are an operating activity represent an obligation and are an operating activity represent a distribution of earnings and are a financing activity represent an asset and are an investing activity 3. Below is a partial list of account balances for LBJ Company: Cash $15,000 Prepaid insurance 5,000 Accounts receivable 2,500 Accounts payable 3,000 Notes payable 6,000 Common stock 10,000 Dividends 500 Revenues 15,000 Expenses 13,000 What did LBJ Company show as total debits? $34,000 $36,000 $70,000 $31,000 4. Under the accrual basis of accounting, revenues are recorded and reported _____. when companies receive payments for jobs performed or products provided when companies have provided products or performed services when companies receive payments prior to providing products or performing services when companies receive payments after providing products or performing services 5. In a period of increasing......

Words: 1908 - Pages: 8

 Hsm 330 Final Exam Latest 2014 - Devry

...HSM 330 Final Exam Latest 2014 - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/HSM-330-Final-Exam-Latest-2014-DeVry-678987654.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com Question 1.1.(TCO 1) An EHR is defined by the fact that there is collection of data from multiple sources that provide decision support and that (Points : 10) afford a paperless environment. are used at the point of care. provide for continuity of care. share data with patients. Question 2.2.(TCO 2) Which of the following is a gap in a physician office EHR environment in which a document imaging system can be of value? (Points : 10) Chart conversion to backfill active patient records Communicating with the hospital Overcoming the hybrid record issue Replacing the practice management system Question 3.3.(TCO 3) Which of the following enables point-of-care charting and positive patient identification while maintaining network connectivity? (Points : 10) Desktops at nursing stations One terminal for every two hospital rooms Personal digital assistant Wireless computer on wheels Question 4.4.(TCO 4) The Electronic Signatures in Global and National Commerce Act of 2000, also known as the E-SIGN bill, furthered what aspect of the EHR adoption process? (Points : 10) Provided shelter from Stark Laws Allowed PHI to be transmitted via electronic means Helped...

Words: 584 - Pages: 3

Acct 344 Final Exam Latest 2014 – Devry

...ACCT 344 FINAL EXAM LATEST 2014 – DEVRY To buy this click here http://www.coursehomework.com/product/acct-344-final-exam-latest-2014-devry/ Contact us :+1 315-750-4434 help@coursehomework.com ACCT 344 FINAL EXAM LATEST 2014 - DEVRY (TCO 2) WHICH COST IS NOT A PERIOD COST? (POINTS : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total contribution margin. Question 7.7.(TCO 1)...

Words: 1216 - Pages: 5

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-344-Final-Exam-Latest-2014-Devry-66555546677.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total......

Words: 1221 - Pages: 5

Hsm 330 Final Exam Latest 2014 - Devry

...HSM 330 Final Exam Latest 2014 - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/HSM-330-Final-Exam-Latest-2014-DeVry-678987654.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com Question 1.1.(TCO 1) An EHR is defined by the fact that there is collection of data from multiple sources that provide decision support and that (Points : 10) afford a paperless environment. are used at the point of care. provide for continuity of care. share data with patients. Question 2.2.(TCO 2) Which of the following is a gap in a physician office EHR environment in which a document imaging system can be of value? (Points : 10) Chart conversion to backfill active patient records Communicating with the hospital Overcoming the hybrid record issue Replacing the practice management system Question 3.3.(TCO 3) Which of the following enables point-of-care charting and positive patient identification while maintaining network connectivity? (Points : 10) Desktops at nursing stations One terminal for every two hospital rooms Personal digital assistant Wireless computer on wheels Question 4.4.(TCO 4) The Electronic Signatures in Global and National Commerce Act of 2000, also known as the E-SIGN bill, furthered what aspect of the EHR adoption process? (Points : 10) Provided shelter from Stark Laws Allowed PHI to be transmitted via electronic means Helped...

Words: 584 - Pages: 3

Hsm 330 Final Exam Latest 2014 - Devry

...HSM 330 Final Exam Latest 2014 - DeVry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/HSM-330-Final-Exam-Latest-2014-DeVry-678987654.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com Question 1.1.(TCO 1) An EHR is defined by the fact that there is collection of data from multiple sources that provide decision support and that (Points : 10) afford a paperless environment. are used at the point of care. provide for continuity of care. share data with patients. Question 2.2.(TCO 2) Which of the following is a gap in a physician office EHR environment in which a document imaging system can be of value? (Points : 10) Chart conversion to backfill active patient records Communicating with the hospital Overcoming the hybrid record issue Replacing the practice management system Question 3.3.(TCO 3) Which of the following enables point-of-care charting and positive patient identification while maintaining network connectivity? (Points : 10) Desktops at nursing stations One terminal for every two hospital rooms Personal digital assistant Wireless computer on wheels Question 4.4.(TCO 4) The Electronic Signatures in Global and National Commerce Act of 2000, also known as the E-SIGN bill, furthered what aspect of the EHR adoption process? (Points : 10) Provided shelter from Stark Laws Allowed PHI to be transmitted via electronic means Helped make......

Words: 582 - Pages: 3

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-344-Final-Exam-Latest-2014-Devry-66555546677.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total......

Words: 1221 - Pages: 5

Devry Acct 504 Final Exam - 2014

...DeVry ACCT 504 Final exam - 2014 IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-504-Final-Exam-Latest-2014-DeVry-1111117.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 1. Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Reduced legal liability for investors Harder to transfer ownership Lower taxes Most common form of organization 2. Dividends _____. represent an expense and are an operating activity represent an obligation and are an operating activity represent a distribution of earnings and are a financing activity represent an asset and are an investing activity 3. Below is a partial list of account balances for LBJ Company: Cash $15,000 Prepaid insurance 5,000 Accounts receivable 2,500 Accounts payable 3,000 Notes payable 6,000 Common stock 10,000 Dividends 500 Revenues 15,000 Expenses 13,000 What did LBJ Company show as total debits? $34,000 $36,000 $70,000 $31,000 4. Under the accrual basis of accounting, revenues are recorded and reported _____. when companies receive payments for jobs performed or products provided when companies have provided products or performed services when companies receive payments prior to providing products or performing services when companies receive payments after providing products or performing services 5. In a period of increasing......

Words: 1908 - Pages: 8

Acct 304 Final Exam (Updated 2014) - Devry

...ACCT 304 Final Exam (Updated 2014) - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-304-Final-Exam-Updated-2014-Devry-57875875844.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com Question 1.1. (TCO 1) The SEC issues accounting standards in the form of (Points : 6) accounting research bulletins. financial reporting releases. financial accounting standards. financial technical bulletins. Question 2.2. (TCO 1) When a registrant company submits its annual filing to the SEC, it uses (Points : 6) Form 10-A. Form 10-K. Form 10-Q. Form S-1. Question 3.3. (TCO 2) The conceptual framework's qualitative characteristic of relevance includes (Points : 6) predictive value. verifiability. completeness. neutrality. Question 4.4. (TCO 2) Enhancing qualitative characteristics of accounting information include each of the following, except (Points : 6) timeliness. materiality. comparability. verifiability. Question 5.5. (TCO 3) A sale on account would be recorded by (Points : 6) debiting revenue. crediting assets. crediting liabilities. debiting assets. Question 6.6. (TCO 3) Prepayments occur when (Points : 6) cash flow precedes expense recognition. sales are delayed pending credit approval. customers are unable to pay the full amount due when goods are delivered. manufactured goods await quality control inspections. ...

Words: 1323 - Pages: 6

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-344-Final-Exam-Latest-2014-Devry-66555546677.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total......

Words: 1221 - Pages: 5

Acct 344 Final Exam Latest 2014 - Devry

...ACCT 344 Final Exam Latest 2014 - Devry IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/ACCT-344-Final-Exam-Latest-2014-Devry-66555546677.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com (TCO 2) Which cost is NOT a period cost? (Points : 5) Lumber for furniture Executive administrative assistant salary Depreciation on sales staff's cars Sales commission Question 2.2.(TCO 2) Which product would use job-order costing? (Points : 5) Ink pens Custom boot maker Soda pop Horse saddles Question 3.3.(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) cost of goods sold. work-in-process. materials. finished goods. Question 4.4.(TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) $300,000. $150,000. $60,000. $0. Question 5.5.(TCO 8) Which is a value-added activity?(Points : 5) Moving Inspection Processing Waiting Question 6.6.(TCO 1) The break-even point is (Points : 5) the volume of activity where all fixed costs are recovered. where fixed costs equal total variable costs. where total revenues equal total costs. where total costs equal total......

Words: 1221 - Pages: 5

Acct 251 Final Exam Latest Devry

...ACCT 251 FINAL EXAM LATEST DEVRY To purchase this visit following link http://www.activitymode.com/product/acct-251-final-exam-latest-devry/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACCT 251 FINAL EXAM LATEST DEVRY Final Exam ACCT251 Final Exam – Page 1 The Final Exam has 3 pages and is worth 270 points total. This first page has all Multiple Choice questions. Question 1.1. (TCO 1) To display the size of your backup file, you can use the Windows program called: (Points: 5) Windows Explorer Scan disk Defrag Windows Accessories Windows Defender Question 2.2. (TCO 1) The Edit menu allows you to do the following: (Points: 5) cut copy paste clear find transactions Question 3.3. (TCO 1) The balance sheet lists: (Points: 5) assets, liabilities, and capital of a business. revenues and expenses of a business. the percentage of revenue at the end of the year. the percentage of debt at the end of the year. cash disbursements. Question 4.4. (TCO 1) Business managers and owners depend on financial statements because: (Points: 5) Peachtree automatically calculates accurate financial statements. financial statements are for internal use only. they have primary responsibility for the business. they can evaluate cash and make appropriate decisions. they can use account balances to customize financial statements. Question 5.5. (TCO 2) The sample company, Bellwether Garden Supply, uses which method of posting? (Points: 5) Batch posting Real-time posting Cash......

Words: 531 - Pages: 3