Online BUS105 Exam Dumps Help You Build Confidence

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1. This is select financial statement data for Binks Corporation.

What is the inventory turnover ratio for year 2?

2.3

4.4

4.7

7.2

2. 1.Wycliff Corporation manufactures several different styles of bicycles. Managers appropriately record direct materials and direct labor into work-in-process accounts during production. To apply manufacturing overhead, managers consider cost pools for assembly and shipping to calculate a predetermined overhead rate for each department.

Which of the following best describes the method used by Wycliff Corporation for allocating manufacturing overhead costs?

Activity-based

Departmental

Plantwide

Process

3. Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?

Cash budget

Budgeted income statement

Manufacturing overhead budget

Direct materials purchases budget

4. The accounting department for Aramai Inc. is preparing the cash flow statement for the current year.

Using the select financial statement data below, what is Aramai's net income when converted to cash provided by operating activities, using the indirect method?

$380,650

$493,550

$553,350

$545,350

5. Ladron Candies is analyzing sales and production data for the holiday boxes they produced last year. The company expected to use 0.10 direct labor hours to produce one box of specialty candy, and the variable overhead rate was $2.00 per hour. According to payroll records, the company paid for a total of 104,000 hours of direct labor wages. The actual variable overhead costs totaled $200,000. They sold 800,000 boxes of candy to retailers.

What is the variable overhead efficiency variance?

$8,000 favorable variable overhead efficiency variance

$8,000 unfavorable variable overhead efficiency variance

$48,000 favorable variable overhead efficiency variance

$48,000 unfavorable variable overhead efficiency variance

6. SJ Candles should expect the absorption costing and variable costing methods to result in the same 4th quarter operating profit when which of the following is true?

They sold all remaining 3rd quarter inventory in 4th quarter and produced zero candles in 4th quarter

They started the 4th quarter with no inventory and every candle that was produced in the 4th quarter also sold

They started the 4th quarter with no inventory and sold 80% of the candles that were produced in the 4th quarter

Their 4th quarter sales included every candle produced in the 4th quarter as well as a few that remained in inventory from the 3rd quarter

7. You are the Controller for Healthcare Technology LLC, and you have been tasked with evaluating an upgraded enterprise resource planning system.

Which of the following details would be relevant to your decision-making process?

A customer's sales are growing rapidly

A vendor replaced a member of its board of directors

The company needs a cloud-based document storage system

The company's revenues increased by $14,000,000 over the past twelve months

8. SJ Candles is performing a cost-volume-profit analysis to prepare for year 2. Fixed costs are expected to remain the same as year 1, but variable costs per unit are expected to increase by 10%. They plan to keep the same sales price but want to know what level of sales must be achieved in year 2 to maintain the same operating profit.

$282,700

$398,350

$405,789

$424,050

9. This is select financial statement data for the three divisions of Technology Goods, Inc.

Assuming all assets are operating assets, what is the return on investment for each division?

17.8%, 10.0%, 15.9%

33.1%, 31.3%, 31.2%

53.0%, 32.0%, 50.9%

82.2%, 39.0%, 66.0%

10. Managers have several different methods from which to choose when evaluating long-term investments.

Which method disregards the time value of money as a factor?

Payback

Annuity tables

Net present value

Internal rate of return

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11. Cat Hats Inc. produces lines of headwear for cats. They have been asked by a local animal shelter to produce a special order for dogs. Below is a special order differential analysis prepared by their managerial accountant.

Using this information, what would be the result of accepting the special order?

A differential profit of ($550)

A differential profit of ($700)

A differential contribution margin of $550

A differential contribution margin of $700

12. Use the following relevant data to assign costs to units transferred out and units in ending WIP inventory.

Total Units Accounted For:

Cost per Equivalent Unit:

What is the total cost of production?

$1,800

$3,325

$4,500

$9,000

13. SJ Candles manufactures two types of candles. Soy candles require three times the number of labor hours as paraffin candles to produce.

If SJ wishes to maximize the limited number of direct labor available to them, which of the following calculations will guide them in their planning?

Free cash flow

Inventory turnover ratio

Equivalent units for direct materials

Contribution margin per unit of constraint

14. Myer Inc. achieved their goal of reducing their employee turnover rate by 15%.

Which of the following perspectives of their balanced scorecard is most likely to include this measure?

Learning and growth

Customer satisfaction

Financial performance

Internal business process

15. Which of the following statements is a true statement about flexible budgets?

The actual number of units sold is irrelevant to a flexible budget

Cost variance analysis is an integral part of preparing a flexible budget

Selling and administrative expenses are reported in the flexible budget

The flexible budget is prepared before the master budget to assist with planning

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