str 581 final exam


71) Important factors considered by sales forecasters include all of the following except _____.
A.  past patterns of sales 
B.  the desired level of sales
C.  marketing research studies
D.  competitors’ activities 
72) Effectiveness is indicated by _____.
A.  sales-activity variances
B.  all of these answers are correct
C.  static-budget variances
D.  flexible-budget variances
73) Beginning cash balance plus total receipts
A.  equals ending cash balance.
B.  is the excess of available cash over disbursements.
C.  must equal total disbursements.
D.  equals total available cash.
74) A cost which remains constant per unit at various levels of activity is a
A.  variable cost.
B.  manufacturing cost.
C.  fixed cost.
D.  mixed cost. 
75) A variable cost is a cost that
A.  varies per unit at every level of activity.
B.  may or may not be incurred, depending on management's discretion.
C.  occurs at various times during the year.
D.  varies in total in proportion to changes in the level of activity. 
76) A company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The total sales necessary to break even are
A.  $480,000.
B.  $144,000.
C.  $600,000.
D.  $150,000. 
77) For an activity base to be useful in cost behavior analysis,
A.  the activity should always be stated in dollars.
B.  the activity level should be constant over a period of time.
C.  there should be a correlation between changes in the level of activity and changes in costs.
D.  the activity should always be stated in terms of units.
78) Identify which statement about "currently attainable standards" is NOT true.
  A.  They allow for normal spoilage and nonproductive time. 
 B.  Employees usually view these goals as reasonable.
 C.  Because they allow for waste, they usually result in favorable variances.
 D.  They represent projections of what will probably be attained.
79) Joint costs are incurred _____.
A.  before the production process is started
B.  after the process-further decision
C.  before individual products are separately identified
D.  after the split-off point but before the process-further decision
80) The last step in activity-based costing is to
A.  assign manufacturing overhead costs for each activity cost pool to products.
B.  identify the cost driver that has a strong correlation to the activity cost pool.
C.  compute the activity-based overhead rate per cost driver.
D.  identify and classify the major activities involved in the manufacture of specific products. 


Total 500 Questions from 5 set of actual exams (5 sets x 100 questions) with double checked answers

final exam str 581
str 581 final exam answers
str 581 final exam
str 581 final
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