Act 5060 Midterm Q&a

ACT 5060 Midterm Exam Name:_____________________________________________________________ 1. Which of the following is non an use of a product salute at a middle school? A. Salary paid to instructors. B. Corporate home rent. C. Supplies D. Utility damage in the gymnasium. 2. Gross coast equals: A. Revenues bittie product approachs. B. Revenues less period costs. C. Revenues less transfering and administrative expenses. D. Revenues less derogation expense. 3. Metal used to make components is an compositors case of: A. Direct Labor B. shifting Manufacturing Overhead C. Direct Materials D. flash-frozen Manufacturing Overhead 4. Which of the following is not an example of a lay material? A. Steel. B. Packaging Materials. C. Leather. D. Canvas. 5. Which account would not be shown downstairs inventory in a manufacturing steadys balance rag workweek? A. Work-in-Process. B. Merchandising Inven tory. C. Finished Goods. D. Held on Consignment. 6. Aspen Company has sales of $2,000,000, cost of goods sold of $200,000, and selling and administrative costs of $500,000. Aspen Companys gross margin is: A. $1,800,000. B. $1,500,000. C. $1,300,000. D. $1,700,000. 7. Suppose Maxs Shuttle Service wants to earn a procedure a get ahead before taxes of $375,000 in the culmination year.

Maxs selling price is $40, its variable quantity cost per social unit is $20, and its fixed costs are $150,000. How legion(predicate) tickets must the company sell? a. 26,520 b. 26,250 c. 18,750 d. 11,250 8 A firm performs CVP analysis for three n ative purposes: a. calculating measures! that help appraise operating risk b. evaluating the good impact of short-term decision alternatives c. profit planning d. completely of the Above 9. Which of the following is most likely a aboriginal user of managerial accounting? a. Tax Authorities. b. Employees. c. Creditors. d. Shareholders. 10. Which of the following is a characteristic of financial accounting?...If you want to get a full essay, order it on our website: OrderEssay.net

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