Categories
ACC 556 Chapter 22 Quiz (100% Score)
$5.00

ACC 556 Chapter 22 Quiz (100% Score)

This Tutorial was purchased 1 times & rated No rating by student like you.

 

This Tutorial contains following Attachments

  • ACC 556 S Chapter 22 Quiz (100% Score).docx

Chapter 22 Quiz

Question 1

 

Budget reports comparing actual results with planned objectives should be prepared only once a year.

Question 2

 

A static budget is changed only when actual activity is different from the level of activity expected.

Question 3

 

Management by exception means that management will investigate areas where actual results differ from planned results if the items are material and controllable.

Question 4

 

Budget reports provide the feedback needed by management to see whether actual operations are on course.

Question 5

 

The manager of an investment center can improve ROI by reducing average operating assets.

Question 6

 

What is budgetary control?

Question 7

 

A static budget is appropriate in evaluating a manager's performance if

Question 8

 

What is the primary difference between a static budget and a flexible budget?

Question 9

 

If a company plans to sell 48,000 units of product but sells 60,000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on

Question 10

 

Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:

Fixed manufacturing costs            $50,000 per month
Variable manufacturing costs       $12.00 per ton of steel

Nikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?

Question 11

 

At 18,000 direct labor hours, the flexible budget for indirect materials is $36,000. If $37,400 are incurred at 18,400 direct labor hours, the flexible budget report should show the following difference for indirect materials

 

Question 12

Top management can control

Question 13

 

A manager of a cost center is evaluated mainly on

Question 14

Given below is an excerpt from a management performance report:
 
                                                           Budget                   Actual                     Difference   

Contribution margin                            $600,000                $580,000             $20,000  U
Controllable fixed costs                       $200,000                $220,000             $20,000  U
 
The manager's overall performance

Question 15

Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%.
 
Sales                                                     $ 1,400,000
Controllable margin                                      160,000
Total average assets                                 4,000,000
Fixed costs                                                  100,000
 
What is the ROI for the year?

Question 16

 

A measure frequently used to evaluate the performance of the manager of an investment center is

Question 17

What is the goal of residual income?

Question 18

 

Which of the following would not be considered an aspect of budgetary control?

Question 19

 

All of the following statements are correct about management by exception except it

 Question 20

Match the items below by entering the appropriate code letter in the space provided.

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$5.00

This Tutorial was purchased 4 times & rated B+ by student like you.

Chapter 13 Quiz 1.    Price-earnings ratio 2.    Return on assets 3.    Accounts receivable turnover ratio 4.    Earnings per share 5.    Payout ratio 6.    Current cash debt cov..
$5.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Chapter 12 Quiz Question 1   The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement. Question 2   The activity from the balance sheet to be presented in the financin..
$5.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Chapter 11 Quiz   Question 1   A current liability must be paid out of current earnings. Question 2   Most notes are not interest bearing   Question 3   Unearned revenues are received before goods are delivered or services are ..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

Chapter 10 Quiz Question 1   A current liability must be paid out of current earnings. Question 2   Most notes are not interest bearing. Question 3   Unearned revenues are received before goods are delivered or services are rendered. Questio..
$5.00

This Tutorial was purchased 7 times & rated No rating by student like you.

Chapter 9 Quiz Question 1   The statement of cash flows is a required statement that must be prepared along with an income statement, balance sheet, and retained earnings statement. Question 2   The activity from the balance sheet to be presented in the financing..
$5.00

This Tutorial was purchased 1 times & rated B+ by student like you.

Chapter 8 Quiz Question 1   An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the greater the probability that it will eventually be collected. Question 2   Allowance for Doubtful Accounts is a ..
$5.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Chapter 7 Quiz Question 1   The most important element of the fraud triangle is rationalization. Question 2   Requiring employees to take vacations is a weakness in the system of internal controls because it does not promote operational efficiency. Question 3..
$5.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Chapter 6 Quiz Question 1   Raw materials inventories are the goods that a manufacturing company has completed and are ready to be sold to customers. Question 2   Goods held on consignment should be included in the consignor’s ending inventory   Ques..
$5.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Chapter 5 Quiz   Question 1   An advantage of using the periodic inventory system is that it requires less record keeping than the perpetual inventory system. Question 2   The terms 2/10, net/30 mean that a 2 percent discount is allowed on payments made ..
$5.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Chapter 4 Quiz Question 1 The revenue recognition principle dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied. Question 2 An adjusting entry to a prepaid expense is required to recognize expired expenses. Question 3 ..
$5.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Chapter 3 Quiz · Question 1 Economic events that require recording in the financial statements are called accounting transactions · Question 2 An account is often referred to as a T-account because of the way it is constructed. · Question 3 Revenues are a subdivision of st..
$5.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Chapter 2 Quiz Question 1   Cash and supplies are both classified as current assets. Question 2   Earnings per share measures the net income earned on each share of common stock. Question 3   Net cash provided by operating activities takes into a..
$5.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Chapter 1 Quiz Question 1 A business organized as a separate legal entity owned by stockholders is a partnership. Question 2   Accounting communicates financial information about a business to both internal and external users. Question 3   The primary pu..
$12.00

This Tutorial was purchased 3 times & rated A by student like you.

Final  Part 2 Question 1   A manager of a cost center is evaluated mainly on Question 2   Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%.   Sales       &..
$12.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Final  Part 1 Question 1   Under the corporate form of business organization Question 2   Accountants do not attempt to measure the change in a plant asset's market value during ownership because Question 3   Budget reports provide the feed..
$20.00

This Tutorial was purchased 8 times & rated A+ by student like you.

Final  Part 1 Question 1   Under the corporate form of business organization Question 2   Accountants do not attempt to measure the change in a plant asset's market value during ownership because Question 3   Budget reports provide the feed..
$35.00

This Tutorial was purchased 5 times & rated A+ by student like you.

Please check the details of Quizzes given under our product section individually (all questions are mentioned there)  ACC 556 Chapter 1 Quiz (100% Score) ACC 556 Chapter 2 Quiz (100% Score) ACC 556 Chapter 3 Quiz (100% Score) ACC 556 Chapter 4 Quiz (100% Score) ACC ..
$8.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Complete the Week 6 Short Answer Quiz. Click the Assignment Files tab to submit your assignment as a Microsoft® Word Document. Copy and paste the questions  onto a Word document.  Write a brief response using the information found in Chapter 4 and integr..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

INDIVIDUAL ASSIGNMENT Prepare 7-10 Power Point slides discussing common business fraud symptoms and mitigation actions that can be taken to help deter and detect fraud.  Choose some elements from Chapter 5: Recognizing the Symptoms of Fraud to discuss in your presentation keepi..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

ACC 556 Week 5 Comparing the Impact ..
$8.00

This Tutorial was purchased 0 times & rated No rating by student like you.

ACC 556 Week 5 Crooked Scenario 5 ..
$8.00

This Tutorial was purchased 4 times & rated A by student like you.

Write a 1,250-1,400-word paper on the impact of corruption on an organization of your choice in APA format with in-text citations and references. Include the following: ·         Who committed this corruption? ·     ..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

1. Define and describe Theft Act Investigative Methods. 2. What is a Vulnerability Chart and how, when and why is it used? 3. Define Invigilation and discuss how, when and why it is used. 4. Discuss the steps in obtaining electronic evidence. 5. To what are Concealment Investigati..
$8.00

This Tutorial was purchased 3 times & rated A+ by student like you.

INDIVIDUAL ASSIGNMENT Write a 1,050 word paper on the impact of asset misappropriation on an organization of your choice. Include the following as headings for your paper: • What was the fraud? • Who committed this fraud? • Why did they commit this fraud? • How did they co..
$8.00

This Tutorial was purchased 1 times & rated No rating by student like you.

ACC 556 Week 1 Sherlock Homes ..
$8.00

This Tutorial was purchased 0 times & rated No rating by student like you.

ACC 556 Week 1 Crooked Scenario 1 ..
$8.00

This Tutorial was purchased 2 times & rated B+ by student like you.

INDIVIDUAL ASSIGNMENT Complete the Week 1 Short Answer Quiz. Click the Assignment Files tab to submit your assignment as a Microsoft® Word document. 1. What is the Association of Certified Fraud Examiners (ACEF) and what do they do? – 2. Define fraud.  3. Distinguish betw..
$8.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Shortly after you completed your work of unpacking all the players in the CrookEd Partners drama and identifying all potential fraudulent activity that had been relayed to you (Week One Scenario Assignment), your secretary came into your office and said you had a visitor.  You inquired who i..
ACC 556 © 2017 All Rights Reserved.Powered by:Ash Tutorial