1.  Which of the following statements about cost behavior is true?     A costs item that is classified as “variable” relative to one activity base may be classified as “fixed” relative to another activity base.  The concept of “relevant range” applies to fixed costs but not to variable costs.  As output increases, fixed cost per unit increases.  As output increases, mixed cost per unit increases. […]

1. The task of an organization is reflected in its: (Points : 4)         human resources       mission or purpose        input materials        structure 2. The beliefs and assumptions about people, work, and the organization best reflects the: (Points : 4)         formal organization        overt part of an organization       informal organization        social surface 3. The specific setting within which organizational behavior is enacted would be called the: […]

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification units sold consist of 600 units from beginning inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.)

Managerial Accounting 1B Financial and Managerial Accounting Chapter 12 Exercise 12-5B Computation of cash flows (direct) L.O. P5          Case A:  Compute cash received from customers:        Sales $ 510,000      Accounts receivable, December 31, 2011   25,200      Accounts receivable, December 31, 2012   34,800    Case B:  Compute cash paid for rent:        Rent […]

Ch. 3         Company J and Company K each recently reported the same earnings per share (EPS). Company J’s stock, however, trades at a higher price. Which of the following statements is correct?         A. a. Company J must have a higher P/E ratio.   B. b. Company J must have a higher market to book ratio.   C. […]

  1. Cosby uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000. The cost of goods completed is: […]

The Fundamentals of Capital Budgeting     Section 10.1 1.      Why capital investments are considered the most important decisions made by a firm’s management?   2.     What are the differences between capital projects that are independent, mutually exclusive, and contingent?   Section 10.2 1.                  What is the NPV of a project?   2.                  If a firm accepts a project with a $10,000 NPV, what […]

Question 1 (Multiple Choice Worth 2 points) A scientist wishes to represent the location of an earthquake in California. Which type of model is most appropriate for this purpose? [removed] Computer simulation [removed] Equation [removed] Graph [removed] Map   Question 2 (Multiple Choice Worth 2 points) Which of the following resulted from the growing consensus within the scientific community as to the accuracy of the […]

Discussion Leadership Paradox and Inter-team Relations A.     What is the leadership paradox? Give some reasons why a leader can encounter difficulty in newly formed teams or groups using a participative management system. Support your discussion with at least two (2) external sources. B.     Present a discussion of the strategies for encouraging participative management in the workforce, and how to implement each of these strategies. Support […]

Your project sponsor is not familiar with earned value management (EVM). You have been asked to provide him with a quick overview of EVM. Using the information covered in the readings, suggest the top three EVM performance measures (some may be indexes as well) on which you would educate your project sponsor. Explain what each measure tells the project manager. Also, identify other performance factors […]