Score\u00a0144\/150\tMultiple\u00a0Choice\u00a010\tEssay\u00a04\t\u00a0\t\u00a0\t\u00a0\t1.\u00a0(TCO\u00a0A)\u00a0\u00a0Direct\u00a0material\u00a0cost\u00a0is\u00a0a\u00a0part\u00a0of\u00a0(Points\u00a0:\u00a06)\t \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0NO….\u00a0Prime\u00a0Cost\u00a0NO.\t \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0YES….\u00a0Prime\u00a0Cost\u00a0NO.\t \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0YES….\u00a0Prime\u00a0Cost\u00a0YES.\t \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0NO….\u00a0Prime\u00a0Cost\u00a0YES.\t\u00a0\t\u00a0\tQuestion\u00a02.2.\u00a0(TCO\u00a0A)\u00a0\u00a0Total\u00a0fixed\u00a0costs\u00a0(Points\u00a0:\u00a06)\t \ufffd\u00a0\u00a0\u00a0\u00a0will\u00a0increase\u00a0with\u00a0increases\u00a0in\u00a0activity.\t \ufffd\u00a0\u00a0\u00a0\u00a0will\u00a0decrease\u00a0with\u00a0increases\u00a0in\u00a0activity.\t \ufffd\u00a0\u00a0\u00a0\u00a0are\u00a0not\u00a0affected\u00a0by\u00a0activity.\t 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$180,000\t\u00a0\t\u00a0\t\u00a0\tQuestion\u00a04.4.\u00a0(TCO\u00a0D)\u00a0The\u00a0Hampton\u00a0Company\u00a0produces\u00a0and\u00a0sells\u00a0a\u00a0single\u00a0product.\u00a0The\u00a0following\u00a0data\u00a0refer\u00a0to\u00a0the\u00a0year\u00a0just\u00a0completed.\tSelling\u00a0price $450\t\u00a0 \u00a0\tUnits\u00a0in\u00a0beginning\u00a0inventory 0\tUnits\u00a0produced 25,000\tUnits\u00a0sold 22,000\t\u00a0 \u00a0\tVariable\u00a0costs\u00a0per\u00a0unit: \u00a0\tDirect\u00a0materials $150\tDirect\u00a0labor $75\tVariable\u00a0manufacturing\u00a0overhead $25\tVariable\u00a0selling\u00a0and\u00a0admin $15\t\u00a0 \u00a0\tFixed\u00a0costs: \u00a0\tFixed\u00a0manufacturing\u00a0overhead $275,000\tFixed\u00a0selling\u00a0and\u00a0admin 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Score\u00a0144\/150 Multiple\u00a0Choice\u00a010 Essay\u00a04 \u00a0 \u00a0 \u00a0 1.\u00a0(TCO\u00a0A)\u00a0\u00a0Direct\u00a0material\u00a0cost\u00a0is\u00a0a\u00a0part\u00a0of\u00a0(Points\u00a0:\u00a06) \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0NO….\u00a0Prime\u00a0Cost\u00a0NO. \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0YES….\u00a0Prime\u00a0Cost\u00a0NO. \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0YES….\u00a0Prime\u00a0Cost\u00a0YES. \ufffd\u00a0\u00a0\u00a0\u00a0Conversion\u00a0Cost\u00a0NO….\u00a0Prime\u00a0Cost\u00a0YES. \u00a0 \u00a0 Question\u00a02.2.\u00a0(TCO\u00a0A)\u00a0\u00a0Total\u00a0fixed\u00a0costs\u00a0(Points\u00a0:\u00a06) \ufffd\u00a0\u00a0\u00a0\u00a0will\u00a0increase\u00a0with\u00a0increases\u00a0in\u00a0activity. \ufffd\u00a0\u00a0\u00a0\u00a0will\u00a0decrease\u00a0with\u00a0increases\u00a0in\u00a0activity. \ufffd\u00a0\u00a0\u00a0\u00a0are\u00a0not\u00a0affected\u00a0by\u00a0activity. \ufffd\u00a0\u00a0\u00a0\u00a0should\u00a0be\u00a0ignored\u00a0in\u00a0making\u00a0decisions\u00a0because\u00a0they\u00a0can\u00a0never\u00a0change. \u00a0 \u00a0 Question\u00a03.3.\u00a0(TCO\u00a0A)\u00a0Property\u00a0taxes\u00a0on\u00a0a\u00a0company’s\u00a0factory\u00a0building\u00a0would\u00a0be\u00a0classified\u00a0as\u00a0a(n)\u00a0(Points\u00a0:\u00a06) \ufffd\u00a0\u00a0\u00a0\u00a0variable\u00a0cost. \ufffd\u00a0\u00a0\u00a0\u00a0opportunity\u00a0cost. \ufffd\u00a0\u00a0\u00a0\u00a0period\u00a0cost. \ufffd\u00a0\u00a0\u00a0\u00a0product\u00a0cost. \u00a0 \u00a0 Question\u00a04.4.\u00a0(TCO\u00a0C)\u00a0When\u00a0the\u00a0activity\u00a0level\u00a0is\u00a0expected\u00a0to\u00a0increase\u00a0within\u00a0the\u00a0relevant\u00a0range,\u00a0what\u00a0effects\u00a0would\u00a0be\u00a0anticipated\u00a0with\u00a0respect\u00a0to\u00a0each\u00a0of\u00a0the\u00a0following?\u00a0(Points\u00a0:\u00a06) \ufffd\u00a0\u00a0\u00a0\u00a0Fixed\u00a0costs\u00a0per\u00a0unit\u00a0decrease\u00a0and\u00a0variable\u00a0costs\u00a0per\u00a0unit\u00a0do\u00a0not\u00a0change. \ufffd\u00a0\u00a0\u00a0\u00a0Fixed\u00a0costs\u00a0per\u00a0unit\u00a0increase\u00a0and\u00a0variable\u00a0costs\u00a0per\u00a0unit\u00a0do\u00a0not\u00a0change. \ufffd\u00a0\u00a0\u00a0\u00a0Fixed\u00a0costs\u00a0per\u00a0unit\u00a0do\u00a0not\u00a0change\u00a0and\u00a0variable\u00a0costs\u00a0per\u00a0unit\u00a0do\u00a0not\u00a0change. \ufffd\u00a0\u00a0\u00a0\u00a0Fixed\u00a0costs\u00a0per\u00a0unit\u00a0do\u00a0not\u00a0change\u00a0and\u00a0variable\u00a0costs\u00a0per\u00a0unit\u00a0increase.\u00a0 \u00a0 \u00a0 Question\u00a05.5.\u00a0(TCO\u00a0B)\u00a0Which\u00a0of\u00a0the\u00a0following\u00a0statements\u00a0is\u00a0true?\u00a0 I.\u00a0Overhead\u00a0application\u00a0may\u00a0be\u00a0made\u00a0slowly\u00a0as\u00a0a\u00a0job\u00a0is\u00a0worked\u00a0on. II.\u00a0Overhead\u00a0application\u00a0may\u00a0be\u00a0made\u00a0in\u00a0a\u00a0single\u00a0application\u00a0at\u00a0the\u00a0time\u00a0of\u00a0completion\u00a0of\u00a0the\u00a0job. III.\u00a0Overhead\u00a0application\u00a0should\u00a0be\u00a0made\u00a0to\u00a0any\u00a0job\u00a0not\u00a0completed\u00a0at\u00a0year\u00a0end\u00a0in\u00a0order\u00a0to\u00a0properly\u00a0value\u00a0the\u00a0work\u00a0in\u00a0process\u00a0inventory.\u00a0(Points\u00a0:\u00a06) \ufffd\u00a0\u00a0\u00a0\u00a0Only\u00a0statement\u00a0I\u00a0is\u00a0true. \ufffd\u00a0\u00a0\u00a0\u00a0Only\u00a0statement\u00a0II\u00a0is\u00a0true. 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-201284","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201284","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=201284"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/201284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=201284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=201284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=201284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}