Exam 20: Inventory Management, Just-In-Time, and Simplified Costing Methods
Exam 1: The Accountants Role in the Organization195 Questions
Exam 2: An Introduction to Cost Terms and Purposes224 Questions
Exam 3: Cost-Volume-Profit Analysis207 Questions
Exam 4: Job Costing199 Questions
Exam 5: Activity-Based Costing and Activity-Based Management175 Questions
Exam 6: Master Budget and Responsibility Accounting229 Questions
Exam 7: Flexible Budgets, Direct-Cost Variances, and Management Control180 Questions
Exam 8: Flexible Budgets, Overhead Cost Variances, and Management Control171 Questions
Exam 9: Inventory Costing and Capacity Analysis208 Questions
Exam 10: Determining How Costs Behave182 Questions
Exam 11: Decision Making and Relevant Information220 Questions
Exam 12: Pricing Decisions and Cost Management210 Questions
Exam 13: Strategy, Balanced Scorecard, and Strategic Profitability Analysis171 Questions
Exam 14: Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis170 Questions
Exam 15: Allocation of Support-Department Costs, Common Costs, and Revenues144 Questions
Exam 16: Cost Allocation: Joint Products and Byproducts125 Questions
Exam 17: Process Costing126 Questions
Exam 18: Spoilage, Rework, and Scrap125 Questions
Exam 19: Balanced Scorecard: Quality, Time, and the Theory of Constraints124 Questions
Exam 20: Inventory Management, Just-In-Time, and Simplified Costing Methods125 Questions
Exam 21: Capital Budgeting and Cost Analysis130 Questions
Exam 22: Management Control Systems, Transfer Pricing, and Multinational Considerations123 Questions
Exam 23: Performance Measurement, Compensation, and Multinational Considerations139 Questions
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Answer the following questions using the information below:
Digital Goods is a distributor of DVDs. DVD Mart is a local retail outlet which sells blank and recorded DVDs. DVD Mart purchases tapes from Digital Goods at $10.00 per DVD; DVDs are shipped in packages of 25. Digital Goods pays all incoming freight, and DVD Mart does not inspect the DVDs due to Digital Goods' reputation for high quality. Annual demand is 208,000 DVDs at a rate of 4,000 DVDs per week. DVD Mart earns 15% on its cash investments. The purchase-order lead time is one week. The following cost data are available:
-What are the relevant total costs?

(Multiple Choice)
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If Jackson Collectibles, Inc. has a safety stock of 70 units and the average weekly demand is 14 units, how many days can be covered if the shipment from the supplier is delayed ?
(Multiple Choice)
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Carrying costs arise when an organization experiences an ability to deliver its goods to its customers.
(True/False)
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Backflush costing does not strictly adhere to generally accepted accounting principles. Explain why. Also, describe the types of businesses that might use backflush costing.
(Essay)
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Answer the following questions using the information below:
Owen-King Company sells optical equipment. Lens Company manufactures special glass lenses. Owen-King Company orders 5,200 lenses per year, 100 per week, at $20 per lens. Lens Company covers all shipping costs. Owen-King Company earns 30% on its cash investments. The purchase-order lead time is 2.5 weeks. Owen-King Company sells 125 lenses per week. The following data are available:
-What is the economic order quantity for Owen-King Company?

(Multiple Choice)
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