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Please need it as soon as possible. D V Which budget uses only units (not dollars)? a. Sales Revenue Budget b. Direct Labor Budget c.

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D V Which budget uses only units (not dollars)? a. Sales Revenue Budget b. Direct Labor Budget c. Direct Materials Budget d. Production Budget UT Choose: Mary invested $4,000 in a 3-year project that generated 5% interest. How much will Mary be able to withdraw at the end of three years? a. $4,200 b. $4,630.50 c. $4,764.06 d. $3,455.35 51 Choose: The cost of depreciation on factory equipment would be classified as what? a. a period cost b. an expense c. Depreciation Expense d. Factory Overhead Choose: Bob computed the net present value of a project and found that the NPV was 0 when he discounted the cash flows at 6%. What was the internal rate of return in this case? a. Greater than 6% b. Exactly 6% c. Less than 6% d. No way to determine the rate Choose: Mandy sells a product with a price of $15 per unit. The variable cost per unit is $9. Fixed costs are $180,000. What is the formula that will derive the breakeven point in revenue? a. BERev=180,000/6 b. BERev=180,000/9 c. BERev=180,000/.4 d. BERev =.6/180,000 Choose: Capital Budgeting techniques include: NPV, IRR and Payback Period. Which of these techniques ignores the time value of money? a. NPV b. IRR c. Payback Period d. None of these ignore the time value of money 10 Choose: Johnson Company paid a price of $8.40 per pound of raw material. The standard cost per pound was $8.00. Which variance will be unfavorable as a result? a. DMPV b. DMQV C. DLRV d. DLTV 11 Choose: How would costs such as rent, property taxes and depreciation be categorized? a. Variable costs b. Fixed costs c. Mixed costs d. Semivariable costs 12 Choose: If there is overapplied or underapplied overhead at the end of the year, that overhead is closed to: a. Finished Goods Inventory b. Work in Process c. Cost of Goods Sold d. Sales 13 Choose: Which of the following costs would be considered a period cost? a. Salesman's salary b. Production Supervisors' salary c. Factory laborer's salary d. Factory watchman's salary 14 Choose: Lemon Company's Predetermined overhead rate is $30 per direct labor hour. Lemon produced job 101 using direct material costing $140. Direct labor was 3 direct labor hours at $20 per hour. The cost of job 101 would be: a. $230 b. $170 c. $200 d. $29015 Choose: The journal entry to apply factory overhead consists of a debit to and a credit to and a credit to a. Factory Overhead... Work in Process b. Finished Goods.. Work in Process c. Cost of Goods Sold... Finished Goods d. Work in Process... Factory Overhead 16 Choose: If a company's income tax rate is 30%, a company earning $140,000 after taxes would have what amount of earnings before taxes? a. 42,000 b. 98,000 c. 200,000 d. none of these 17 Choose: Jen is creating a Production Budget. How is the Units to Produce calculated? a. Units to Produce = Sales - Ending Inventory - Beginning Inventory b. Units to Produce = Sales + Ending Inventory - Beginning Inventory c. Units to Produce = Sales + Ending Inventory + Beginning Inventory d. Units to Produce = Sales - Ending Inventory + Beginning Inventory 18 Choose: A company analyzes its costs and determines that its operating leverage factor is 3.5. By how much will net income increase, if sales revenue increases by 10%? a. 10% b. 20% c. 30% d. 35% 19 Choose: Sally is creating a present value of $1.00 table for an interest rate of 3.5%. What is the interest factor in the PV table for 5 years at 3.5%? a. .9662 b. .9335 c. .9019 d. .8420 20 Choose: Phillips completed and transferred 1,500 units that were 100% complete and 400 units that were 40% complete. How many Equivalent Units were manufactured? a. 1,500 b. 1,900 c. 1,560 d. 1,660

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