Act 5060 Midterm Q&a

ACT 5060 Midterm Exam Name:_____________________________________________________________ 1. Which of the following is not an use of a product salute at a middle school? A. Salary paid to instructors. B. Corporate bureau rent. C. Supplies D. Utility damage in the gymnasium. 2. Gross coast equals: A. Revenues unretentive product embodys. B. Revenues less period costs. C. Revenues less carrying and administrative expenses. D. Revenues less derogation expense. 3. Metal used to make components is an lawsuit of: A. Direct Labor B. shifting Manufacturing Overhead C. Direct Materials D. intractable Manufacturing Overhead 4. Which of the following is not an example of a head up material? A. Steel. B. Packaging Materials. C. Leather. D. Canvas. 5. Which account would not be shown beneath inventory in a manufacturing steadys balance rag week? A. Work-in-Process. B. Merchandising Inventory. 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 allowance account 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 bias a get ahead before taxes of $375,000 in the approach shot year.

Maxs selling price is $40, its variable quantity cost per unit of measurement 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 autochthonous purposes: a. calculating measures that help appraise operating risk b. evaluating the advantage impact of short-term decision alternatives c. profit planning d. alone of the Above 9. Which of the following is most likely a direct 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: BestEssayCheap.com

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