Ch1 Quiz1

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School

University of North Texas *

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Course

5130

Subject

Accounting

Date

Jan 9, 2024

Type

pdf

Pages

6

Uploaded by vnguyen3

10/25/23, 4:28 PM Assignment Print View https://ezto.mheducation.com/api/caa/activity/C15Print?jwt=eyJhbGciOiJSUzI1NiJ9.eyJlbnZpcm9ubWVudCI6InByb2QiLCJpc3MiOiJlenQiLCJwcmlud… 1/6 1. Award: 1 out of 1.00 point Score: 10/10 Points 100 % Given the following information, what is the total cost of unused capacity? Cost of material supplied is $3,800; Cost of material used is $3,200; Cost of material used per cake is $3.2; Cost of material supplied per cake is $3.80. $.60. $600. $6,000. $3,000. There is no unused capacity. Cost supplied Cost used = Cost of unused capacity; $3,800 3,200 = $600.
10/25/23, 4:28 PM Assignment Print View https://ezto.mheducation.com/api/caa/activity/C15Print?jwt=eyJhbGciOiJSUzI1NiJ9.eyJlbnZpcm9ubWVudCI6InByb2QiLCJpc3MiOiJlenQiLCJwcmlud… 2/6 2. Award: 1 out of 1.00 point 3. Award: 1 out of 1.00 point Given the following information, what is the cost of unused capacity? Cost of material supplied is $9,300; Cost of material used is $9,000; Cost of material used per shelf is $9.0; Cost of material supplied per shelf is $9.30. $300. $3,000. $.30. $10,000. There is no unused capacity. Cost supplied Cost used = Cost of unused capacity; $9,300 9,000 = $300. Managerial accounting activity comprises a set of tools, systems and perspectives that add value to an organization by supporting five major objectives. Which one of these is not a supporting objective? Provide information for decision making and planning. Assist managers in directing and controlling operational activities. Motivate managers and other employees toward the organization’s goals. Assess an organization’s competitive position and long-term managerial efforts . Focus on activities that occur at the top level of the organization. A focus on activities that occur at the top organizational level is not a supporting objective.
10/25/23, 4:28 PM Assignment Print View https://ezto.mheducation.com/api/caa/activity/C15Print?jwt=eyJhbGciOiJSUzI1NiJ9.eyJlbnZpcm9ubWVudCI6InByb2QiLCJpc3MiOiJlenQiLCJwcmlud… 3/6 4. Award: 1 out of 1.00 point 5. Award: 1 out of 1.00 point Which of the following employees would be considered as holding a line position? Townhouse Corporation's vice-president for government relations. The controller of Margin Motors. A secretary employed by Signal Communications. The manager of food and beverage services at a theme park. None of the answers is correct. The manager of food and beverage services at a theme park would be considered a line position. The process of managing the various activities in the value chain, along with the associated costs, is commonly known as: activity-based costing. strategic cost management. total quality management. computer-integrated costing. sound management practices (SMP). This is a correct definition for strategic cost management.
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