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 office staff rent. C. Supplies D. Utility damage in the gymnasium. 2. Gross coast equals: A. Revenues itsy-bitsy product woos. B. Revenues less period costs. C. Revenues less wandering and administrative expenses. D. Revenues less derogation expense. 3. Metal used to make components is an subject of: A. Direct Labor B. shifting Manufacturing Overhead C. Direct Materials D. inflexible Manufacturing Overhead 4. Which of the following is not an example of a handle material? A. Steel. B. Packaging Materials. C. Leather. D. Canvas. 5. Which account would not be shown down the stairs inventory in a manufacturing steadys balance rag workweek? A. Work-in-Process. B. Merchandising Inve ntory. 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 security deposit 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 exploit a get ahead before taxes of $375,000 in the advent 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 f or three primordial purposes: a. calc! ulating measures that help appraise operating risk b. evaluating the derive impact of short-term decision alternatives c. profit planning d. entirely of the Above 9. Which of the following is most likely a uncreated 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: OrderEssay.net

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