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ACCT 434 Entire Course Advanced Cost Management (DEVRY) ACCT 434 Week 1-7 All Discussion Questions ACCT-434 Week 1 Quiz Activity Based Costing ACCT-434 Week 2 Master Budget Flexible Budgets ACCT-434 Week 3 Cost Behavior Decision Making Quality ACCT-434 Week 4 Midterm Exam ACCT-434 Week 5 Pricing Decisions Management Control Systems ACCT-434 Week 6 Customer Profitability Capital Budgeting ACCT-434 Week 7 Quality Control Inventory Management ACCT 434 Week 1 Quiz Activity Based Costing (DEVRY) Question : (TCO 1) The average cost data are for In-Sync Fixtures Company's (a retailer) only two product lines, Marblette and Italian Marble. Marblette Italian Marble Purchase volume 20,000 1,000 Purchase cost per unit $50 $250 Shipments received Hours used per shipment * 5 3 * These data were accumulated after a careful activity analysis. Currently, In-Sync Fixtures uses a traditional costing system with indirect costs allocated using purchased cost of goods as a basis? ACCT 434 UOP Course Tutorial

ACCT 434 Week 1-7 All Discussion Questions (DEVRY) Week 1 DQ1 ABC Journey Week 1 DQ2 Workout Room Week 2 DQ1 Flexible versus Static Budgets Week 2 DQ2 Workout Room Week 3 DQ1 Relevant Costs Week 3 DQ2 Workout Room Week 4 DQ1 Accounting for Primary Products Week 4 DQ2 Workout Room Week 5 DQ1 Pricing Decision Week 5 DQ2 Workout Room Week 6 DQ1 Evaluating Managers Week 6 DQ2 Workout Room ACCT 434 Week 2 Master Budget Flexible Budgets (DEVRY) 1. Question : (TCO 2) Operating budgets and financial budgets 2. Question : (TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget. 3. Question : (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet? ACCT 434 UOP Course Tutorial

ACCT 434 Week 3 Cost Behavior Decision Making Quality (DEVRY) 1. Question : (TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified? 2. Question : (TCO 3) For January, the cost components of a picture frame include $0.35 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? ACCT 434 Week 4 Midterm Exam (DEVRY) 1. Question : (TCO1) ABC systems create 2. Question : (TCO 1) Merriamn Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hours $400,000 10,000 hours ACCT 434 UOP Course Tutorial

ACCT 434 Week 5 Pricing Decisions Management Control Systems (DEVRY) 1. Question : (TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of 2. Question : (TCO 7) The first step in implementing target pricing and target costing is 3. Question : (TCO 7) The markup percentage is usually higher if the cost base used is ACCT 434 Week 6 Customer Profitability Capital Budgeting (DEVRY) 1.Question : (TCO 9) To guide cost allocation decisions,the benefits-received criterion 2. Question : (TCO 9) A challenge to using cost-benefit criteria for allocating costs isthat 3. Question : (TCO 9) The MOST likely reason for NOT allocating corporate costs todivisions include that ACCT 434 UOP Course Tutorial

ACCT 434 Week 7 Quality Control Inventory Management (DEVRY) 1. Question : (TCO 11)The four cost categories in a cost of quality program are 2. Question : (TCO 11) ________ is a formal means ofdistinguishing between random and nonrandom variation in an operatingprocess. 3. Question : (TCO 11) Which of the following is NOT one of the steps in managingbottlenecks under the theory of constraints? ACCT 434 UOP Course Tutorial

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