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Here are the best resources to pass ACCT 505 (ACCT505). Find ACCT 505 (ACCT505) study guides, notes, assignments, and much more.
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ACCT 505 WEEK 6 QUIZ-2
Exam (elaborations) • 8
pages
• 2024
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question : (TCO D) A company that has a profit can

increase its return on investment by

Student Answer:

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

decreasing average operating assets and

sales by the same percentage.

Instructor

E...
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question : (TCO D) A company that has a profit can

increase its return on investment by

Student Answer:

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

decreasing average operating assets and

sales by the same percentage.

Instructor

E...
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question :

Student Answer:

(TCO D) A company that has a profit can

increase its return on investment by

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

Instructor

Explanation:

Points

Received:

decreasing average operating assets and

sales by ...
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question :

Student Answer:

(TCO D) A company that has a profit can

increase its return on investment by

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

Instructor

Explanation:

Points

Received:

decreasing average operating assets and

sales by ...
ACCT 505 WEEK 2 QUIZ 1

1. TCO F) Computing unit product costs involves averaging in:

Job-Order Costing Process Costing

A Yes No

B Yes Yes

C No Yes

D No No

(Points : 5)

 Choice A.

 Choice B.

 Choice C.

 Choice D.

2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating

data for the first processing department for the month of June appear below:

Units Percent Complete with respect

to Conversion

Beginning work in process inventory 11,000 9...
ACCT 505 WEEK 2 QUIZ 1

1. TCO F) Computing unit product costs involves averaging in:

Job-Order Costing Process Costing

A Yes No

B Yes Yes

C No Yes

D No No

(Points : 5)

 Choice A.

 Choice B.

 Choice C.

 Choice D.

2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating

data for the first processing department for the month of June appear below:

Units Percent Complete with respect

to Conversion

Beginning work in process inventory 11,000 9...
ACCT 505 WEEK 4 MIDTERM EXAM

ANSWERS

1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a

:

Prime Cost YES.....Conversion Cost NO.

Prime Cost YES.....Conversion Cost YES.

Prime Cost NO....Conversion Cost NO.

Prime Cost NO.....Conversion Cost YES.

: Chapter 2

2. Question : (TCO A) A cost incurred in the past that is not relevant to any current

decision is classified as a(n)

:

period cost.

incremental cost.

opportunity cost.

None of the above

: Chapte...
ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
Last document update:
ago
ACCT 505 WEEK 4 MIDTERM EXAM

ANSWERS

1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a

:

Prime Cost YES.....Conversion Cost NO.

Prime Cost YES.....Conversion Cost YES.

Prime Cost NO....Conversion Cost NO.

Prime Cost NO.....Conversion Cost YES.

: Chapter 2

2. Question : (TCO A) A cost incurred in the past that is not relevant to any current

decision is classified as a(n)

:

period cost.

incremental cost.

opportunity cost.

None of the above

: Chapte...
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question : (TCO D) A company that has a profit can

increase its return on investment by

Student Answer:

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

decreasing average operating assets and

sales by the same percentage.

Instructor

E...
ACCT 505 WEEK 6 QUIZ-2

Grade Details - All Questions

1. Question : (TCO D) A company that has a profit can

increase its return on investment by

Student Answer:

increasing sales revenue and operating

expenses by the same dollar amount.

increasing average operating assets and

operating expenses by the same dollar amount.

increasing sales revenue and operating

expenses by the same percentage.

decreasing average operating assets and

sales by the same percentage.

Instructor

E...
ACCT 505 WEEK 2 QUIZ 1

1. TCO F) Computing unit product costs involves averaging in:

Job-Order Costing Process Costing

A Yes No

B Yes Yes

C No Yes

D No No

(Points : 5)

Choice A.

Choice B.

Choice C.

Choice D.

2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating

data for the first processing department for the month of June appear below:

Units Percent Complete with respect

to Conversion

Beginning work in process inventory 11,000 90%

Sta...
ACCT 505 WEEK 2 QUIZ 1

1. TCO F) Computing unit product costs involves averaging in:

Job-Order Costing Process Costing

A Yes No

B Yes Yes

C No Yes

D No No

(Points : 5)

Choice A.

Choice B.

Choice C.

Choice D.

2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating

data for the first processing department for the month of June appear below:

Units Percent Complete with respect

to Conversion

Beginning work in process inventory 11,000 90%

Sta...
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