BUS105 무료 덤프문제 온라인 액세스

Wycliff Corporation manufactured Job #3 during the month of May. On May 29, 100% of the product was finished and sold on account for $150. These journal entries were recorded during production:

On May 31, Wycliff determined that the amount remaining in the manufacturing overhead account was immaterial and closed it out. What was the amount of gross profit before closing the manufacturing account, and what effect did closing the manufacturing account have on gross profit?

• A.Gross profit was $44; gross profit increased by $1.00 after closing manufacturing overhead.
• B.Gross profit was $44; gross profit decreased by $1.00 after closing manufacturing overhead.
• C.Gross profit was $75; gross profit increased by $1.00 after closing manufacturing overhead.
• D.Gross profit was $75; gross profit decreased by $1.00 after closing manufacturing overhead.

Using the high-low method, what are the expected production costs for 600 units in December?

• A.$3,300
• B.$3,498
• C.$3,391
• D.$3,250

You are the financial accountant for Antioch Ski Resort. Managers have been promised end-of-year bonuses if profits for the year increase by 10%. At the end of the year, you determine that profits increased by only 8%, and the managers ask you to "fudge the numbers a bit" so they can still receive their bonuses. What should you do?

• A.Report the managers to the CEO
• B.Check whether the company has a policy on resolving ethical conflicts
• C.Consider inflating the profits for the year, since it is only a 2% difference
• D.Resign from the company

Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?

• A.Budgeted income statement
• B.Direct materials purchases budget
• C.Manufacturing overhead budget
• D.Cash budget

Cost behavior patterns tend to be reliable within which of the following?

• A.Free cash flow
• B.The current ratio
• C.A relevant range
• D.A contribution margin