Ac505 Mangerial Accounting

Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: Multiple Choice Short Essay Grade Details Page: 1 2 1. Question : Student Answer: Date Taken: Time Spent: Points Received: 5/23/2012 2 h , 18 min , 38 secs 119 / 150 (79.3%) # Correct: 5 N/A N/A

# Of Questions: 10 1 3

(TCO A) The variable portion of advertising costs is a Conversion YES... Period NO. Conversion YES .... Period YES. Conversion NO.... Period YES.

Instructor Explanation: Points Received: Comments: 2. Question :

Conversion NO.... Period NO. Chapter 2 0 of 6

(TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be direct costs. sunk costs. incremental costs.

Student Answer:

Instructor Explanation: Points Received: Comments:

None of the above Chapter 2 6 of 6

3. Question : Student Answer:

(TCO A) Property taxes on a company's factory building would be classified as a(n) sunk cost. opportunity cost. period cost. variable cost.

Instructor Explanation: Points Received: Comments: 4. Question :

manufacturing cost. Chapter 2 0 of 6

(TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? Fixed costs per unit increase and variable costs per unit increase. Fixed costs per unit decrease and variable costs per unit do not change. Fixed costs per unit do not change and variable costs per unit do not change. Fixed costs per unit do not change and variable costs per unit increase. Chapter 5 6 of 6

Student Answer:

Instructor Explanation: Points Received: Comments: 5. Question :

(TCO F) Which of the following statements is true? I. Overhead application may be made slowly as a job is worked on. II. Overhead application may be made in a single...