Lower taxes.
Harder to transfer ownership.
64. The group of users of accounting information charged with achieving the
goals of the business is its
auditors.
creditors.
managers.
investors.
110. Which of the following financial statements is concerned with the company
at a point in time?
Income statement.
Balance sheet.
time.
118. The most important information needed to determine if companies can pay
their current obligations is the
within industries.
vertical analysis.
trend analysis.
92. Horizontal analysis is a technique for evaluating a series of financial
statement data over a period of time
to determine which items are in error.
that has been arranged from the highest number to the lowest number.
to determine the amount and/or percentage increase or decrease that has taken
place.
that has been arranged from the lowest number to the highest number.
111. Vertical analysis is a technique that expresses each item in a financial
statement
overhead rate.
product activity.
cost driver.
cost pool.
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allocates overhead to multiple activity cost pools, and it then assigns the activity
cost pools to products and services by means of cost drivers.
assigns activity cost pools to products and services, then allocates overhead
back to the activity cost pools.
accumulates overhead in one cost pool, then assigns the overhead to products
and services by means of a cost driver.
allocates overhead directly to products and services based on activity levels.
Find the quiz answers here
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40. A cost which remains constant per unit at various levels of activity is a
mixed cost.
fixed cost.
manufacturing cost.
variable cost.
105. The break-even point is where
$1,500,000
$4,000,000
1,500 units
4,000 units
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94. When a company assigns the costs of direct materials, direct labor, and both
variable and fixed manufacturing overhead to products, that company is using
product costing.
operations costing.
absorption costing.
variable costing.
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flexible accounting.
static reporting.
responsibility accounting.
master budgeting.
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all of these.
40. Internal reports that review the actual impact of decisions are prepared by
the controller.
management accountants.
factory workers.
department heads.
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42. The process of evaluating financial data that change under alternative
courses of action is called
cost-benefit analysis.
contribution margin analysis.
incremental analysis.
$120,000
Direct Labor
20,000
40,000
If Carter can purchase the component externally for $220,000 and only $10,000 of
the fixed costs can be avoided, what is the correct make-or-buy decision?
84. A company has a process that results in 15,000 pounds of Product A that can
be sold for $16 per pound. An alternative would be to process Product A further at
a cost of $200,000 and then sell it for $28 per pound. Should management sell
Product A now or should Product A be processed further and then sold? What is
the effect of the action?
About Author
This article covers the topic for the University Of Phoenix ACC 561 Final Exam. The
author is working in the field of education from last 5 years. This article covers the basic
of ACC 561 Final Exam Assignment from UOP. Other topics in the class are as follows:
ACC 561 Week 1 DQ 1
ACC 561 Week 1 DQ 2
ACC 561 Week 1 Quiz (Latest)
ACC 561 Week 1 WileyPLUS Assignment
ACC 561 Week 1 Financial Statement Review
ACC 561 Week 1 Complete
ACC 561 Week 2 DQ 1
ACC 561 Week 2 DQ 2
ACC 561 Week 2 Quiz (Latest)
ACC 561 Week 2 Ratio Analysis Assignment
ACC 561 Week 2 Financial Statement Analysis
ACC 561 Week 2 Complete
ACC 561 Week 3 DQ 1
ACC 561 Week 3 DQ 2
ACC 561 Week 3 Quiz (Latest)
ACC 561 Week 3 Costing Systems Assessment
ACC 561 Week 3 Learning Team Assignment
ACC 561 Week 3 Complete
ACC 561 Week 4 DQ 1
ACC 561 Week 4 DQ 2
ACC 561 Week 4 Quiz (Latest)
ACC 561 Week 4 WileyPLUS Assignment
ACC 561 Week 4 Learning Team Reflection
ACC 561 Week 4 Complete
ACC 561 Week 5 DQ 1