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Presentation on theme: "ACCT 505 OUTLET Lessons in Excellence--acct505outlet.com."— Presentation transcript:

1 ACCT 505 OUTLET Lessons in Excellence--acct505outlet.com

2 ACCT 505 Entire Course (New) FOR MORE CLASSES VISIT www.acct505outlet.com ACCT 505 Week 1-7 All Discussion Questions ACCT 505 Week 1 Case Study ACCT 505 Week 2 Quiz Job Order and Process Costing Systems ACCT 505 Week 2 Quiz Set 2 ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

3 ACCT 505 Final Exam (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com ACCT 505 Final Exam (Devry) ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

4 ACCT 505 Final Exam (New) All 3 Set FOR MORE CLASSES VISIT www.acct505outlet.com Score 248/250 Multiple Choice 2 Short 2 Essay 7 ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

5 ACCT 505 Final Exam Guide (New) Set 1 FOR MORE CLASSES VISIT www.acct505outlet.com Score 248/250 Multiple Choice 2 Short 2 Essay 7 Question 1 : (TCO E) Designing a new product is a(n) 2. Question : (TCO G) Given the following data, what would ROI be? Sales $70,000 Net operating income $10,000 Contribution margin $20,000 ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

6 ACCT 505 Final Exam Guide (New) Set 2 FOR MORE CLASSES VISIT www.acct505outlet.com Set 2 1. (TCO C) Madlem, Inc., produces and sells a single product whose selling price is $120.00 per unit and whose variable expense is $46.20 per unit. The company's fixed expense is $405,900 per month. Required: Determine the monthly breakeven in either unit or total dollar sales. Show your work! (Points : 25) ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

7 ACCT 505 Final Exam Guide (New) Set 3 FOR MORE CLASSES VISIT www.acct505outlet.com (TCO E) Preparing purchase orders is a(n) (Points : 5) batch-level activity. product-level activity. unit-level activity. organization sustaining activity. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

8 ACCT 505 Midterm Exam (New) Set 1 FOR MORE CLASSES VISIT www.acct505outlet.com Score 144/150 Multiple Choice 10Essay 4 1. (TCO A) Direct material cost is a part of (Points : 6) Conversion Cost NO.... Prime Cost NO. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

9 ACCT 505 Midterm Exam (New) Set 2 FOR MORE CLASSES VISIT www.acct505outlet.com Multiple Choice 10 9 Essay 4 Question 1. Question : (TCO A) The variable portion of advertising costs is a Student Answer: Conversion YES... Period NO. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

10 ACCT 505 Week 1 Case Study (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

11 ACCT 505 Week 1 Case Study (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

12 ACCT 505 Week 2 Case 3-29 Ethics and the Manager FOR MORE CLASSES VISIT www.acct505outlet.com CASE 3–29 Ethics and the Manager [Course Objective B] Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her new position as divisional controller, she was asked to develop the division’s predetermined overhead rate for the upcoming year. The ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

13 ACCT 505 Week 2 Quiz Job Order and Process Costing Systems (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com 1. Question : (TCO F) For which situation(s) below would an organization be more likely to use a job-order costing system of accumulating product costs rather than a process costing system? ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

14 ACCT 505 Week 2 Quiz Set 2 FOR MORE CLASSES VISIT www.acct505outlet.com Essay 4 Multiple Choice 6 Question 1. Question : (TCO B) Assume there is no beginning work in process inventory and the ending work in process inventory is 100% complete with respect to materials costs. The number of equivalent units with respect to materials costs under the weighted average method is ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

15 ACCT 505 Week 3 Case Study 4–20 Ethics and the Manager FOR MORE CLASSES VISIT www.acct505outlet.com CASE 4–20 Ethics and the Manager, Understanding the Impact of Percentage Completion on Profit—Weighted- Average Method [Course Objective B] Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

16 ACCT 505 Week 3 Case Study II (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

17 ACCT 505 Week 4 Midterm Exam (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com 1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) 3. ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

18 ACCT 505 Week 5 Course Project 1 LBJ Company (New) FOR MORE CLASSES VISIT www.acct505outlet.com COURSE PROJECT 1 INSTRUCTIONS You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. You have decided to prepare a cash budget for the upcoming fourth quarter in order to show management the ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

19 ACCT 505 Week 6 Case Study Balanced Scorecard Case (700 words Paper) FOR MORE CLASSES VISIT www.acct505outlet.com ACCT505 – Managerial Accounting Team Case Study 3 – Week 6 Balanced Scorecard Case (Course Objective G) Many companies are using the Balanced Scorecard System to assist in their performance management. According ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

20 ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions (Devry) FOR MORE CLASSES VISIT www.acct505outlet.com Question : (TCO D) Return on investment (ROI) is equal to the margin multiplied by ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

21 ACCT 505 Week 6 Quiz Set 2 FOR MORE CLASSES VISIT www.acct505outlet.com Multiple Choice 3 Short 5 Question 1. Question : (TCO D) Return on investment (ROI) is equal to the margin multiplied by Question 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? The decision to make or buy a needed part The decision to keep or drop a product line ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

22 ACCT 505 Week 7 Course Project 2 Capital Budgeting Decision (New) FOR MORE CLASSES VISIT www.acct505outlet.com ACCT 505 Course Project 2 Hampton Company Capital Budgeting Decision Hampton Company: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the cans instead of purchasing them. The equipment needed ACCT 505 OUTLET Lessons in Excellence-- acct505outlet.com

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