quiz2复习

Q1 All of the following are expensed under variable costing except:

A. variable manufacturing overhead.

B. fixed manufacturing overhead.

C. variable selling and administrative costs.

D. fixed selling and administrative costs.

Q2 Santa Fe Corporation has computed the following unit costs for the year just ended:

Which of the following choices correctly depicts the per-unit cost of inventory under variable costing and absorption costing?

Q3 A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

The total contribution margin for the month under variable costing is:

A. $83,900

B. $221,400

C. $135,000

D. $270,000

The total gross margin for the month under absorbtion costing is:

A. $132,500

B. $221,400

C. $135,000

D. $270,000

Q4 Atlantic Company produces a single product. For the most recent year, the company's net

operating income computed by the absorption costing method was $7,400, and its net

operating income computed by the variable costing method was $10,100. The company's unit

product cost was $17 under variable costing and $22 under absorption costing. If the ending

inventory consisted of 1,460 units, the beginning inventory must have been:

A. 920 units

B. 1,460 units

C. 2,000 units

D. 12,700 units

Q5 Which of the following conditions would cause absorption-costing net income to be

lower than variable-costing net income?

A. Units sold exceeded units produced.

B. Units sold equaled units produced.

C. Units sold were less than units produced.

D. Sales prices decreased.

Q6 An activity that is performed to support the production of a new customer's order is a(n):

A. Product-level activity.

B. Facility-level activity.

C. Unit-level activity.

D. Batch-level activity.

Q7 Cuna Corporation has provided the following data concerning its overhead costs for the

coming year:

The company has an activity-based costing system with the following three activity cost

pools and estimated activity for the coming year:

The Other activity cost pool does not have a measure of activity; it is used to accumulate

costs of idle capacity and organization-sustaining costs.

The distribution of resource consumption across activity cost pools is given below:

The activity rate for the Order Processing activity cost pool is closest to:

A. $905 per order

B. $630 per order

C. $1,080 per order

D. $840 per order Q8 Monrovia Bike Corporation manufactures two models of bicycles: the "Gully Runner"

and the "Claim Jumper." In the past, Monrovia had been using a traditional overhead

allocation system based on machine hours. Monrovia has decided to switch to an activity-

based costing system using two activity cost pools. Information related to the new system is

as follows:

Actual activity for the year for the two models of bicycles were as follows: Under the new activity-based costing system, what amount of overhead cost would Monrovia

assign to each Claim Jumper bicycle?

A. $357.00

B. $363.00

C. $656.25

D. $657.00

Q. 9 Suoboda Corporation uses the following activity rates from its activity-based costing to

assign overhead costs to products:

Data for one of the company's products follow:

How much overhead cost would be assigned to Product I90W using the activity-based

costing system?

A. $316.56

B. $105.05

C. $4,371.90

D. $59,038.10 Q.10 A volume-based cost system is likely to assign more manufacturing overhead costs to

products

A. that are more complex or difficult to manufacture than others.

B. that produces more units than others.

C. with higher per-unit materials costs than others.

D. with more activity costs than others.

Q.11 Which of the following sequences is correct?

A. Sales budget - production budget - direct materials budget - budgeted income statement

B. Budgeted income statement - direct materials budget - production budget - sales budget

C. Cash receipts budget - sales budget - production budget - budgeted income statement

D. Inventory budget - production budget - sales budget - selling and administrative budget

Q12 Jasmine Company produces hand tools. A sales budget for the next four months is as

follows: March 10,000 units, April 13,000, May 16,000 and June 21,000. Jasmine Company's

ending finished goods inventory policy is 10% of the following month's sales. March 1

inventory is projected to be 1,400 units. How many units will be produced in March?

A. 10,000

B. 9,900

C. 13,000

D. 10,100

Q13 The Tobler Company has budgeted production for next year as follows:

Four (4) pounds of raw materials are required for each unit produced. Raw materials on hand

at the start of the year total 4,000 pounds. The raw materials inventory at the end of each

quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw

materials in the third quarter would be: