Exam 8: Using Accounting Information to Make Managerial Decisions
Exam 1: Accounting As a Tool for Management162 Questions
Exam 2: Cost Behavior and Cost Estimation169 Questions
Exam 3: Cost-Volume-Profit Analysis and Pricing Decisions166 Questions
Exam 4: Product Costs and Job Order Costing189 Questions
Exam 5: Planning and Forecasting201 Questions
Exam 6: Performance Evaluation: Variance Analysis198 Questions
Exam 7: Activity-Based Costing and Activity Based Management178 Questions
Exam 8: Using Accounting Information to Make Managerial Decisions188 Questions
Exam 9: Capital Budgeting171 Questions
Exam 10: Decentralizing and Performance Evaluation194 Questions
Exam 11: Performance Evaluation Revisited: a Balanced Approach171 Questions
Exam 12: Financial Statement Analysis169 Questions
Exam 13: Statement of Cash Flows163 Questions
Exam 14: Topic Focus: Process Costing70 Questions
Exam 15: Topic Focus Variable and Absorption Costing51 Questions
Exam 16: Topic Focus Standard Costing Systems44 Questions
Exam 17: Topic Focus Customer Profitability45 Questions
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An auto body shop is trying to decide whether or not to purchase a new piece of diagnostic equipment.Which of the following costs would not be relevant to the decision?
(Multiple Choice)
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Your friend purchased a non-refundable ticket to a popular Broadway play for Friday night.Yesterday she was invited to spend Friday on the lake with a group of sorority sisters.Her only cost will be for personal items such as lunch.The lake is two hours away from her apartment and the play is another hour in the opposite direction.She knows that if she goes to the lake,she will not get back in time to attend the play.Which of the following is not a relevant cost in making her decision on whether to go to the play or to the lake?
(Multiple Choice)
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Which of the following is not relevant in the decision to accept a special order?
(Multiple Choice)
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Which of the following is not a criterion of relevant information?
(Multiple Choice)
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In an outsourcing decision,one important factor is the quality of the outsourced product.
(True/False)
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Which of the following laws prohibits companies from offering the same item to different customers at different prices?
(Multiple Choice)
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According to the theory of constraints,which of the following is not a step required to maximize and improve the performance of a value chain?
(Multiple Choice)
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Given the following data,what is the total relevant cost of internal production of 50
(Multiple Choice)
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Unavoidable costs are incurred under all alternatives,thus they are always relevant.
(True/False)
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Logan's,Inc.has the following production and cost data for two of its products,Basic and Supreme:
A total of 40,000 hours is available each period for the production of the two products The demand for both products is strong and Logan is not sure it can fill all orders expected to be received.
Required:
a.Ignoring qualitative issues,for which of the two products should Logan focus on filling orders first?
b.List three alternatives that Logan should consider in order to produce more units within the 40,000 hours?

(Essay)
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If a company produces its products in a constrained resource environment,the company should
(Multiple Choice)
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Holt Manufacturing Company produces three products in its Dallas factory.Data relating to the products are given below:
A total of 8,200 hours are available in the Dallas facility.
Required:
a.How many hours will be required to satisfy the demand for all three products?
b.How much of each product should be produced to maximize Hold's operating income?
Unit 8-4,

(Essay)
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Which of the following combinations results in irrelevant information?
(Multiple Choice)
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ABC Company manufactures sleeping bags.It has the capacity to produce 6,000 sleeping bags a year,but only produced 5,700 bags that could be sold because 5% of the bags had zippers that were defective.Under the theory of constraints,which of the following would be the most likely action to eliminate the problem of defective zippers?
(Multiple Choice)
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Once viable alternatives have been identified by a decision maker,which of the following is not a step that should be followed?
(Multiple Choice)
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Brandon,Inc.is a consulting firm headquartered in Dallas.Trish Hardin,CEO of the company plans to attend a professional conference in Atlanta where she intends to network in the pursuit of business.She enjoys shopping and dining in Atlanta and is looking forward to the trip.She registered for the conference and made hotel and airfare reservations six weeks ago.Her airline ticket and registration fee are non-refundable,but it is not too late to cancel her hotel room.The day before the conference,a company executive from El Dorado calls and wishes to meet with Trish the next day regarding a consulting project.If Trish chooses to make the trip to El Dorado,she will drive.Both trips will require an overnight stay.Trish does not have a prediction of how much revenue either trip may generate.Costs related to the two trips are as follows:
Required:
a.Which of the above costs are not relevant?
b.Without considering qualitative factors,which alternative will Trish choose? Why?
c.What are three factors other than costs that Trish should consider?
Unit 8-1,

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