71) Blue Company planned to sell 35,000 units. Actual sales were 30,000 units. Based on this information, Blue Company was _____.
A. ineffective
B. effective
C. inefficient
D. efficient
72) Effectiveness is indicated by _____.
A. all of these answers are correct
B. flexible-budget variances
C. static-budget variances
D. sales-activity variances
73) A _____ gives the expected sales under a given set of conditions.
A. budget forecast
B. sales budget
C. sales forecast
D. sales prediction
74) For an activity base to be useful in cost behavior analysis,
A. the activity should always be stated in terms of units.
B. there should be a correlation between changes in the level of activity and changes in costs.
C. the activity level should be constant over a period of time.
D. the activity should always be stated in dollars.
75) 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. $150,000.
B. $600,000.
C. $144,000.
D. $480,000.
76) A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income?
A. $420,000.
B. $234,000.
C. $126,000.
D. $306,000.
77) At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit?
A. $16.00.
B. $11.50.
C. Not enough information
D. $43.50.
78) The last step in activity-based costing is to
A. identify and classify the major activities involved in the manufacture of specific products.
B. compute the activity-based overhead rate per cost driver.
C. identify the cost driver that has a strong correlation to the activity cost pool.
D. assign manufacturing overhead costs for each activity cost pool to products.
79) A well-designed activity-based costing system starts with
A. assigning manufacturing overhead costs for each activity cost pool to products.
B. computing the activity-based overhead rate.
C. analyzing the activities performed to manufacture a product.
D. identifying the activity-cost pools.
80) Identify which of the following statements about "perfection standards" is true.
A. They usually result in unfavorable variances.
B. They are expressions of the most efficient performance possible.
C. All of these answers are correct
D. It is generally believed that they have a negative influence on employee morale.
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
100 % A+ Correct answers !! Double Checked
str 581 final exam answers
str 581 final exam
str 581 final
