Exam 22: Performance Measurement and Responsibility Accounting
Exam 1: Accounting in Business285 Questions
Exam 2: Accounting for Business Transactions251 Questions
Exam 3: Adjusting Accounts for Financial Statements403 Questions
Exam 4: Accounting for Merchandising Operations252 Questions
Exam 5: Inventories and Cost of Sales238 Questions
Exam 6: Cash,fraud,and Internal Controls228 Questions
Exam 7: Accounting for Receivables219 Questions
Exam 8: Accounting for Long-Term Assets258 Questions
Exam 9: Accounting for Current Liabilities219 Questions
Exam 10: Accounting for Long-Term Liabilities231 Questions
Exam 11: Corporate Reporting and Analysis247 Questions
Exam 12: Reporting Cash Flows247 Questions
Exam 13: Analysis of Financial Statements245 Questions
Exam 14: Managerial Accounting Concepts and Principles252 Questions
Exam 15: Job Order Costing and Analysis215 Questions
Exam 16: Process Costing and Analysis225 Questions
Exam 17: Activity-Based Costing and Analysis223 Questions
Exam 18: Cost Behavior and Cost-Volume-Profit Analysis247 Questions
Exam 19: Variable Costing and Analysis202 Questions
Exam 20: Master Budgets and Performance Planning224 Questions
Exam 21: Flexible Budgets and Standard Costs223 Questions
Exam 22: Performance Measurement and Responsibility Accounting210 Questions
Exam 23: Relevant Costing for Managerial Decisions149 Questions
Exam 24: Capital Budgeting and Investment Analysis161 Questions
Exam 25: Time Value of Money84 Questions
Exam 26: Investments217 Questions
Exam 27: Lean Principles and Accounting30 Questions
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Regal Furniture Company allocates its indirect salaries of $22,500 on the basis of sales.Determine the indirect salaries allocated to Departments 1 and 2 using the following information.


(Essay)
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City Park College allocates administrative costs to its teaching departments based on the number of students enrolled,while maintenance and utilities are allocated based on square feet of classrooms.Based on the information below,what is the total amount of expenses allocated to each department (rounded to the nearest dollar)if administrative costs for the college were $180,000,maintenance expenses were $70,000,and utilities were $85,000?


(Essay)
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Direct expenses are costs readily traced to a department because they are incurred for that department's sole benefit.
(True/False)
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Departmental contribution to overhead is calculated as the amount of sales of the department less:
(Multiple Choice)
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Rent and maintenance expenses would most likely be allocated based on:
(Multiple Choice)
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Part AR3 costs the Southwestern Division of Luxon Corporation $26 to make-direct materials are $10,direct labor is $4,variable manufacturing overhead is $9,and fixed manufacturing overhead is $3.Southwestern Division sells Part AR3 to other companies for $30.The Northeastern Division of Luxon Corporation can use Part AR3 in one of its products.The Southwestern Division has enough idle capacity to produce all of the units of Part AR3 that the Northeastern Division would require.What is the lowest transfer price at which the Southwestern Division should be willing to sell Part AR3 to the Northeastern Division?
(Multiple Choice)
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A report that accumulates the actual expenses that a manager is responsible for and their budgeted amounts is a:
(Multiple Choice)
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Ready Company has two operating (production)departments: Assembly and Painting.Assembly has 150 employees and occupies 44,000 square feet; Painting has 100 employees and occupies 36,000 square feet.Indirect factory expenses for the current period are as follows:
Administration is allocated based on workers in each department; maintenance is allocated based on square footage.
-The amount of maintenance expenses that should be allocated to the Painting Department for the current period is:

(Multiple Choice)
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Expenses that are easily traced and assigned to a specific department because they are incurred for the sole benefit of that department are called:
(Multiple Choice)
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In the two-stage cost allocation,________ costs are allocated to operating departments,and the operating department costs are allocated to ________.
(Short Answer)
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Which of the following is not a step in creating operating department income statements?
(Multiple Choice)
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The following is a partially completed departmental expense allocation spreadsheet for Brickland.It reports the total amounts of direct and indirect expenses for its four departments.Purchasing department expenses are allocated to the operating departments on the basis of purchase orders.Maintenance department expenses are allocated based on square footage.Compute the amount of Maintenance department expense to be allocated to Fabrication. 

(Multiple Choice)
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A joint cost of producing two products can be allocated between those products on the basis of the relative physical quantities of each product produced.
(True/False)
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A granary allocates the cost of unprocessed wheat to the production of feed,flour,and starch.For the current period,unprocessed wheat was purchased for $120,000,and the following quantities of product and sales revenues were produced.
How much of the $120,000 cost should be allocated to feed if the value basis is used?

(Multiple Choice)
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Departmental salary expenses are direct expenses of that department.
(True/False)
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A unit of a business that generates revenues and incurs costs is called a:
(Multiple Choice)
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What is the main difference between a cost center and a profit center?
(Essay)
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Brownley Company has two service departments and two operating (production)departments.The Payroll Department services all three of the other departments in proportion to the number of employees in each.The Maintenance Department costs are allocated to the two operating departments in proportion to the floor space used by each.Listed below are the operating data for the current period:
-The total cost of operating the Milling Department for the current period is:

(Multiple Choice)
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