1. The following information is available. Total assets $170,000 Operating inocme 25,500 After-tax cost of capital 12% Invested capital in defined as total assets. (round your answers to one decimal

Return on investment equal__ O A) 15% B) 53.3% C) 228.5% D) 6.7%

2. The most widely used approach to disposing of overhead over or under allocation is A) to allocate it between cost of goods sold, finished goods inventory and work-in-process inventory B) immediate write-off to cost of goods sold C) to allocate it between cost of goods sold, finished goods inventory and direct material inventory D) to allocate it between finished goods inventory, work-in-process inventory and direct materials inventory

3. Product costs for absorption costing include direct materials, direct labor and

A) fixed and variable selling costs B) fixed manufacturing overhead costs C) variable manufacturing overhead costs D) fixed and variable manufacturing overhead costs

4. Which industry does NOT use job-order costing? A) printing B) construction C) lumber D) aircraft

5. The following information is available for Discounted Supplies Inc. and its two divisions, Small Supplies and Large Supplies. Whole Small Large Company Supplies Supplies Net sales $120,000 $80,000 $40,000 Fixed costs controllable by Division Manager 26,500 22,500 4,000 Fixed costs not controlled by Division Manager 8,000 5,000 3,000 Variable costs: Cost of merchandise 14,500 7,500 7,000 sold Operating expenses 21,400 15,000 6,400 Unallocated costs 8,000 What is the contribution controllable by the segment manager for the Small Supplies Division? A) $35,000 B) $42,500 C) $32,500 D) $20,000