Here it is. Please remember that i have about 3 hours to do turn


Question Description:

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Here it is. Please remember that i have about 3 hours to do turn it in. The first questions are multiple choice and the last 4 questions are supposed to be solved. Please let me know if you have any questions for me. I will be right here. Remember that after you give it back to me, i have to fill it all up and turn it in so the faster i get it back the better for me. thank you! The timer now is at 3 hours 16 minutes left. let me know Assignment 1.docx Question 1. 1. TCO 1) The goal of managerial accounting is to provide information that managers need for which of the following? (Points : 7) Planning Control Decision making All of the above Question 1. 1. TCO 1) The goal of managerial accounting is to provide information that managers ne (Points : 7) Planning Control Decision making All of the above Question 2. 2. TCO 1) Josie’s Grill budgeted the following costs for a month in which 1,600 steak dinner $4,080; hourly labor (variable), $6,976; rent (fixed), $1,700; depreciation, $800; and other fix sells for $14.00 each. How much is the budgeted variable cost per unit? (Points : 7) $6.19 $8.25 $6.91 $5.80 Question 3. 3. (TCO 1) Which of the following is NOT a period cost? (Points : 7) Advertising cost Direct Material Accounting staff salaries Depreciation on accounting office equipment Question 4. 4.(TCO 1) On December 31, 2015, GLE Inc. has a balance in the Work-in-Process Inventory 2015, the balance was $47,000. Current manufacturing costs for the year are $292,000, and much is cost of goods manufactured? (Points : 7) $292,000 $299,000 $277,000 $285,000 Question 5. 5. TCO 2) Paul Company applies manufacturing overhead based on direct labor hours. Info overhead and labor for August follows. Overhead cost Direct labor hours Direct labor cost Estimated $174,000 5,800 $87,000 Actual $171,000 5,900 $89,975 How much is the predetermined overhead rate? (Points : 7) $1.90 $30.00 $2.00 $1.93 Question 6. 6. TCO 2) During 2015, Michael Company applied overhead using a job-order costing syste hour. Estimated direct labor hours for the year were 150,000, and estimated overhead for the labor hours for 2015 were 140,000, and actual overhead was $1,420,000. What was the amount of under- or over-applied overhead for the year? (Points : 7) $300,000 under-applied $20,000 under-applied $300,000 over-applied $120,000 over-applied Question 7. 7. TCO 2) Manufacturing overhead may be allocated on the basis of (Points : 7) machine hours. direct labor hours. direct labor costs. any of the listed choices above. Question 1. 1. TCO 1) Which of the following types of costs are conversion costs? (Points : 7) Direct materials and direct labor Direct materials and overhead Direct labor and overhead Direct materials, direct labor, and overhead Question 2. 2. (TCO 6) Smile Labs develops 35mm film using a four-step process that moves progressively through four departments. The company specializes in overnight service and has the largest drug store chain as its primary customer. Currently, direct labor, direct materials, and overhead are accumulated by department. The cost accumulation system that best describes the system that Smile Labs is using is: (Points : 7) operation costing. random costing. job-order costing. process costing. Question 3. 3. TCO 3) Kerner Manufacturing uses a process cost system to manufacture laptop comput laptop computer model #KJK20 during the quarter ending March 31: Work-in-process inventory, January 1 Started during the quarter Completed during the quarter Work-in-process inventory, March 31 Costs added during the quarter Units 200 600 500 300 Direct Labor $50,000 $720,000 Beginning work-in-process inventory was 50% complete for direct labor costs. Ending workcosts. What are the total equivalent units of production with respect to direct labor? (apply th of calculating equivalent units) (Points : 7) 600 650 675 725 4. TCO 2) Sweet Co. uses budgeted overhead rates to apply overhead to individual

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