{"id":179292,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/although-depreciation-is-always-a-period-cost-in-a-merchandising-firm-it-can-be-a-product-cost-in-a-manufacturing-firm"},"modified":"2018-10-24T09:20:57","modified_gmt":"2018-10-24T09:20:57","slug":"although-depreciation-is-always-a-period-cost-in-a-merchandising-firm-it-can-be-a-product-cost-in-a-manufacturing-firm","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/although-depreciation-is-always-a-period-cost-in-a-merchandising-firm-it-can-be-a-product-cost-in-a-manufacturing-firm\/","title":{"rendered":"Although depreciation is always a period cost in a merchandising firm, it can be a product cost in a manufacturing firm"},"content":{"rendered":"

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Question 1<\/strong><\/p>\n

    \n
  1. Although depreciation is always a period cost in a merchandising firm, it can be a product cost in a manufacturing firm<\/li>\n<\/ol>\n

    Question 2<\/strong><\/p>\n

      \n
    1. Even departmental overhead rates will not correctly assign overhead costs in situations where a company has a range of products that differ in volume, lot size, or complexity of production.<\/li>\n<\/ol>\n

      Question 3<\/strong><\/p>\n

        \n
      1. An increase in the number of units sold will decrease the break-even point.<\/li>\n<\/ol>\n

        Question 4<\/strong><\/p>\n

          \n
        1. Fixed cost per unit increases as activity decreases and decreases as activity increases.<\/li>\n<\/ol>\n

          Question 5<\/strong><\/p>\n

            \n
          1. The usual starting point in budgeting is to make a forecast of cash receipts and cash disbursements.<\/li>\n<\/ol>\n

            Question 6<\/strong><\/p>\n

              \n
            1. Which of the following comparisons best isolates the impact that changes in prices of inputs and outputs have on performance?<\/li>\n<\/ol>\n

              Question 7<\/strong><\/p>\n

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              1. If the actual labor hours worked exceed the standard labor hours allowed, what type of variance will occur?<\/li>\n<\/ol>\n

                 <\/p>\n

                 <\/p>\n

                Question 8<\/strong><\/p>\n

                  \n
                1. Which of the following performance measures will decrease if there is an increase in the accounts receivable?<\/li>\n<\/ol>\n

                   <\/p>\n

                   <\/p>\n

                  Question 9<\/strong><\/p>\n

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                  1. Which of the following will not result in an increase in return on investment (ROI), assuming other factors remain the same?<\/li>\n<\/ol>\n

                     <\/p>\n

                     <\/p>\n

                    Question 10<\/strong><\/p>\n

                      \n
                    1. Lyons Company consists of two divisions, A and B. Lyons Company reported a contribution margin of $50,000 for Division A, and had a contribution margin ratio of 30% in Division B, when sales in Division B were $200,000. Net operating income for the company was $25,000 and traceable fixed expenses were $40,000. Lyons Company\u2019s common fixed expenses were:<\/li>\n<\/ol>\n

                       <\/p>\n

                       <\/p>\n

                      Question 11<\/strong><\/p>\n

                        \n
                      1. The PDQ Company makes collections on credit sales according to the following schedule:<\/li>\n<\/ol>\n

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                        Question 12<\/strong><\/p>\n

                          \n
                        1. Misemer Corporation is developing standards for its products. One product requires an input that is purchased for $57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier\u2019s warehouse amount to $3.60 per kilogram. Receiving costs are $0.26 per kilogram. The standard price per kilogram of this input should be:<\/li>\n<\/ol>\n

                           <\/p>\n

                           <\/p>\n

                          Question 13<\/strong><\/p>\n

                            \n
                          1. Vodopich Corporation has provided the following data from its activity-based costing system:<\/li>\n<\/ol>\n

                             <\/p>\n

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                            Question 14<\/strong><\/p>\n

                              \n
                            1. Green Company\u2019s costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month?<\/li>\n<\/ol>\n

                               <\/p>\n

                               <\/p>\n

                              Question 15<\/strong><\/p>\n

                                \n
                              1. Placek Hospital bases its budgets on patient-visits. The hospital\u2019s static budget for October appears below:<\/li>\n<\/ol>\n

                                 <\/p>\n

                                 <\/p>\n

                                Question 16<\/strong><\/p>\n

                                  \n
                                1. Carver Company produces a product which sells for $30. Variable manufacturing costs are $15 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A selling commission of 10% of the selling price is paid on each unit sold. The contribution margin per unit is:<\/li>\n<\/ol>\n

                                   <\/p>\n

                                   <\/p>\n

                                  Question 17<\/strong><\/p>\n

                                    \n
                                  1. The following materials standards have been established for a particular product:<\/li>\n<\/ol>\n

                                     <\/p>\n

                                     <\/p>\n

                                    Question 18<\/strong><\/p>\n

                                      \n
                                    1. What is the most important concept you have learned from this course? Will you be able to use this in your current job or in the future? How?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

                                      Question 1 Although depreciation is always a period cost in a merchandising firm, it can be a product cost in a manufacturing firm Question 2 Even departmental overhead rates will not correctly assign overhead costs in situations where a company Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-179292","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=179292"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/179292\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=179292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=179292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=179292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}