CÂU 32 TRONG HÌNH TAO GỬI SAI NÊN AI LÀM PHẦN ĐÓ

NHỚ SỬA LẠI

1. Charrd Corporation manufactures a gas operated barbecue grill. The

following information relates to Charrd’s operations for last year:
What is Charrd’s variable costing unit product cost?
$34

2. The master budget process usually begins with the:

sales budget

3. Given the cost formula Y=$12,000 + 6$X, total cost at an activity level
of 8,000 units would be:
$60,000

4. The three basic elements of manufacturing cost are direct materials,

direct labor and:
Manufacturing overhead

5. Pardee Company plans to sell 12,000 units during the month of August.
If the Company has 2,500 units on hand at the start of the month, and plans
to have 2,000 units on hand at the end of the month, how many units must
be produced during the month?
$11,500

6. Which of the following is a characteristic of financial accounting?

Must follow GAAP

7. At an activity level of 10,000 units, variable costs totaled $35,000 and

fixed totaled $20,800. If 16,000 units are produced and this activity is
within the relevant range, then total costs would equal:
$76,8000
8. Last year, Black Company reported sales of $640,000, a contribution
margin of $160,000, and a net loss of $40,000. Based on this information,
fixed expenses were:
200,000$

9. To obtain the break-even point in terms of dollar sales, total fixed

expenses are divided by which of the following
(Selling price per unit - Variable expense per unit)/Selling price per
unit

10. Which of the following is NOT one in the four boards areas of code of
conduct for management accountants?
Independence

11. The relative proportion in which a company’s products are sold is

called:
Sales mix

12. The margin of safety is equal to:

Sales - (Fixed expenses/Contribution margin ratio)

13. The Lyons Company’s cost of goods manufactured was $120,000

when its sales were $360,000 and its gross margin was $220,000. If the
ending inventory of finished goods was $30,000, the beginning inventory
of finished goods must have been:
$50,000

14. Weber Company computes net operating income under both

absorption costing and variable costing approach. For a given year, the
absorption costing net operating income was greater than the variable
costing net operating income. This fact suggests that
More units were produced during the year than were sold

15. The costing method that can be used most easily with break-even
analysis and other cost-volume-profit techniques is:
Variable costing

16. The Sarbanes-Oxley Act of 2002 contains all of the following

provisions EXCEPT:
A CFO must be a CPA or CMA

19. The ratio of fixed expenses to the unit contribution margin is the:
Break-even point in unit sales

20. Walton Manufacturing Company gathered the following data for the
month.

How much net operating income will be reported for the period?
$17,000

Which of the following is true regarding the contribution margin ratio of a

single product company?
If sales increase, the dollar increase in net operating income can be
computed by multiplying the contribution margin ratio by the dollar
increase in sales.

The Tobler Company has budgeted production for next year as follows

40,800 pounds

21. What is the cause of the difference in net operating income between
absorption costing and variable costing?
Ans : Absorption costing allocates fixed manufacturing costs between
cost of goods sold and inventories; variable costing considers all fixed
manufacturing costs to be period costs

22. An example of a period cost is:

Ans: rent on a headquarters building

23. Assuming that the unit sales are unchanged, the total contribution
margin will decrease if:
Ans: variable expense per unit increase

24. Litke Corporation, a company that produces and sells a single product,
has provided its contribution format income statement for February

Ans: $11,700

25. Company A has an operating leverage of 4. If this company increases

its sales by 10%, net operating income would:
Ans: increase by 40%

26.the break-even point in dollar sales for Rice Company is $360,000 and
the company’s contribution margin ratio is 30%. If Rice company desires a
profit of $84,000, sales would have to total
Ans: $640,000

27. Last year, Twins company reported $750,000 in sales (25,000 units)
and a net operating income of $25,000. At the break-even point, the
company’s total contribution margin equals $500,000. Based on this
information, the company’s:
Ans: variable expense per unit is $9
28. The cash budget must be prepared before you can complete the:
Ans : budgeted balance sheet

29. Once the break- even point is reached:

Ans: net operating income will increase by the unit contribution
margin for each additional item sold

30. Last year, Wardrup Corporation’s variable costing net operating

income was $67,200. Fixed manufacturing overhead costs released from
inventory under absorption costing amounted to $600. What was the
absorption costing net operating income last year?
Ans : $66,600

31. ABC Company has a cash balance of $9,000 on April 1. The company
must
maintain a minimum cash balance of $6,000. During April expected cash
receipts are $45,000. Expected cash disbursements during the month total
$52,000. During April the company will need to borrow.
Select one:
a $2,000
b. $4,000
C. $6,000
d. $8,000
ANS: B. $4000

32. The production supervisor's salary would be considered a(n):

Select one:
a. period cost
b. product cost.
C. administrative cost.
d. selling expenses.
ANS: B. product cost.
33. If company A has a higher degree of operating leverage than company
B, then:
Select one:
a company A has higher variable expenses.
b. company A's profits are more sensitive to percentage changes in sales
c. company A is more profitable.
d. company A is less risky.
ANS: b. company A's profits are more sensitive to percentage changes
in sales

34. The excess or deficiency of cash available over disbursements on the

cash budget is calculated as follows:
Select one:
a. The beginning balance less the expected cash receipts less the
expected cash disbursements.
b. The cash available less the expected cash receipts plus the expected
cash disbursements.
C. The beginning balance plus the expected cash receipts less the
expected cash disbursements.
d. None of these.
ANS: C. The beginning balance plus the expected cash receipts less
the expected cash disbursements.

Question 35: Which of the following statements is true for a company that
uses variable
costing?
Select one:
a. The unit product cost changes as a result of changes in the number of
units manufactured
b. Both variable selling costs and variable production costs are included
in the unit product cost.
C. Net operating income moves in the same direction as sales.
d. Net operating income is greatest in periods when production is highest.
ANS:C. Net operating income moves in the same direction as sales.
Question 36: Net operating income computed using variable costing
would exceed net operating income computed using absorption costing it.
Select one:
a. units sold exceed units produced.
b. units sold are less than units produced.
c. units sold equal units produced.
d. the average fixed cost per unit is zero.
ANS: a. units sold exceed units produced.

Question 37: Consider the following costs incurred in a recent period:

Direct materials…..$33,000
Depreciation on factory equipment.. $12,000
Factory janitor's salary......$23,000
Direct labor…..$28,000
Utilities for factory…..$9,000
Selling expenses…..$16,000
Production supervisor's salary…..$34,000
Administrative expenses .......$21,000
What was the total amount of the period costs listed above for the period?
Select one:
a. $78,000
b. $71,000
c. $46,000
d. $37,000
ANS: d. $37,000

Question 38: A cost that would be included in product costs under both
absorption costing and variable costing would be:
Select one:
a. supervisory salaries.
b. equipment depreciation.
C. variable manufacturing costs.
d. variable selling expenses.
ANS: C. variable manufacturing costs.
Question 39: Green Company's costs for the month of August were as
follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000;
administrative,$12,000; and manufacturing overhead, $44,000. The
beginning work in process inventory was $16,000 and the ending work in
process inventory was $9,000. What was the cost of goods manufactured
for the month?
Select one:
a. $105,000
b. $132,000
C. $138,000
d. $112,000
ANS: d. $112,000

Question 40
North Company sells a single product. The product has a selling price of
$30 per unit and variable expenses of 70% of sales. If the company's fixed
expenses total $60,000 per year, then it will have a break-even of:
Select one:
a. $60,000
b. $85,714
c. $42,000
d. $200,000
ANS: d. $200,000
41.The following is budgeted data:

Sales (units) Production (units):

ANS: $78,000

42.Which cost should be ignored in decision making?

ANS: Sunk Cost

43. Managerial Accounting

ANS: has its primary emphasis on the future

44.Which of the following is NOT a benefit of budgeting?

Ans: It ensures that accounting records comply with generally

accepted
accounting principles.

45.Retained earnings at the end of this year is calculated as

Ans: the beginning balance of retained earnings plus net income of

this year, then deduct dividends paid out during the year.

46.Pilkinton Corporation has provided its contribution format income

statement
for July. The company produces and sells a single product.
If the company sells 10,300 units, its total contribution margin should be
closest to

Ans: $391,400

47.Which of the following is the field that produces information used

primarily by
managers within an organization.

ANS: Managerial accounting

48.Which of the following statements is true?

ANS: The variable costing method is usually not used for external
reporting purposes.

49.Which of the following costs at a manufacturing company would be

treated as
a product cost under the absorption costing method?

ANS: fire insurance cost on factory building

50.There are various budgets within the master budget. One of these
budgets is
the production budget. Which of the following BEST describes the
production
budget?

ANS: It is calculated based on the sales budget and the desired ending
inventory