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Author Archives: Anonymous

A company uses a process costing system to record inventory…

A company uses a process costing system to record inventory costs. Data at the end of the month are as follows: Units Direct materials (% complete) Conversion cost (% complete) Work-in-process inventory 100 100% 80% Finished goods inventory 900 100% 100% The company uses the weighted-average method to compute the costs. Its total costs for the month are $10,000 for direct materials and $19,600 for conversion costs. What is the total conversion cost per equivalent unit?

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The following information is available on Tackler Co.’s two…

The following information is available on Tackler Co.’s two product lines: Chairs Tables Sales $180,000 $48,000 Variable costs (96,000) (30,000) Contribution margin 84,000 18,000 Fixed costs: Avoidable (36,000) (12,000) Unavoidable (18,000) (10,800) Operating income (loss) $  30,000 $ (4,800) Assuming Tackler discontinues the tables line and does not replace it, the company’s operating income will

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When only differential manufacturing costs are taken into ac…

When only differential manufacturing costs are taken into account for special-order pricing, an essential assumption is that

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A company with three products classifies its costs as belong…

A company with three products classifies its costs as belonging to five functions: design, production, marketing, distribution, and customer services. For pricing purposes, all company costs are assigned to the three products. The direct costs of each of the five functions are traced directly to the three products. The indirect costs of each of the five business functions are collected into five separate cost pools and then assigned to the three products using appropriate allocation bases. The allocation base that will most likely be the best for allocating the indirect costs of the distribution function is

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The type of data analytics that is most likely to yield the…

The type of data analytics that is most likely to yield the most impact for an organization but is also the most complex is called

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The following information pertains to a manufacturing compan…

The following information pertains to a manufacturing company: Total sales $80,000 Total variable costs 20,000 Total fixed costs 30,000 What is the breakeven level in sales dollars?

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Wexford Co. has a subunit that reported the following data f…

Wexford Co. has a subunit that reported the following data for Year 1: Asset (investment) turnover 1.5 times Sales $750,000 Return on sales 8% The imputed interest rate is 12%. What is the division residual income for Year 1?

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The management of a company would do which of the following…

The management of a company would do which of the following to compare and contrast its financial information to published information reflecting optimal amounts?

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Company A needs data that are relevant and reliable. Which o…

Company A needs data that are relevant and reliable. Which of the “4 Vs” best describes Company A’s needs?

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Which of the following best represents the application of pr…

Which of the following best represents the application of predictive analytics?

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