BUS 5431 Final Exam 1, Questions With Answers

BUS 5431 Final Exam 1, Questions With Answers.Your test grade is 95.65% The professor has configured this test to allow students to: Show Questions Answered Correctly Show Questions Answered Incorrectly Show All Responses Selected By Student Show What The Correct Response Should Be QUESTION: 1 [QUESTION BANK ID: ] TYPE: MULTIPLE CHOICE CORRECT Moe’s Machines has the following costs in a period when production is 2,000 units: Direct materials, $8,500; direct labor (variable), $9,000; straight-line depreciation, $800; rent (same every month), $1,200; and other fixed costs, $1,000. If production changes to 1,800 units, the total variable costs and total fixed costs will be A $17,500 and $3,000. B $15,750 and $3,000. C $17,500 and $2,700. D $15,750 and $2,700. QUESTION: 2 [QUESTION BANK ID: 69443] TYPE: MULTIPLE CHOICE CORRECT Tangerine Company plans to sell 20,000 units next year and has budgeted sales of $500,000 and profits of $60,000. Variable costs are projected to be $15 per unit. Apricot Company offers to pay $50,000 to buy 3,000 units from Tangerine. This offer does not affect Tangerine’s other planned operations. The incremental revenues for this situation are A $50,000. B $60,000. C $45,000. D $65,000. QUESTION: 3 [QUESTION BANK ID: ] TYPE: MULTIPLE CHOICE CORRECT Equivalent units for the molding department totaled 20,600 during November. Nineteen thousand units were transferred out to the finishing department. If the items remaining in ending inventory are 40% complete, how many units are in ending inventory? A 1,600 B 4,000 C 6,400 D 640 QUESTION: 4 [QUESTION BANK ID: ] TYPE: MULTIPLE CHOICE CORRECT  Messenger Status (busy/available) Data for the Shady Sales Company for the month of October is as follows: Beginning Ending Raw materials inventory $60,000 $70,000 Work-in-process inventory $85,000 $65,000 Finished goods inventory $100,000 $110,000 Raw materials purchased