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242) Brambles Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP inventory 8,000 unit Transferred-in costs in beginning WIP inventory $110,200 Direct materials cost in beginning WIP inventory $24,500 Conversion costs in beginning WIP inventory $22,750 Units transferred-in 57,000 units Transferred-in costs $546,300 Units completed 52,000 Costs added:  direct materials $167,120 Costs added:  conversion costs $245,570 Ending WIP inventory 13,000 units (40% complete for materials and 30% complete for conversion) What is the total number of equivalent units for direct materials? A) 52,000 […]

31) Traditional database application programs are written in object-oriented languages like ________. A) Information Systems Base Language B) VisualBasic C) Datalog D) Structured Query Language 32) Which of the following is true of browser-based database applications? A) They are written in object-oriented languages like Structured Query Language. B) The application, DBMS, and the database all reside on the user's computer. C) They are thin-client applications that need not be pre-installed on a user's computer. D) They use C++ as the standard language for user-side processing. 33) Browser-based database applications differ from traditional applications in that they ________. A) have no […]

233) Stanley's Candies is considering building a new plant in Europe. It predicts sales at the new plant to be 40,000 units at $4.00/unit. Below is a listing of estimated expenses: Category Total Annual Expenses % of Annual Expense that are Fixed Materials $20,000 10% Labor $30,000 20% Overhead $50,000 40% Marketing/Admin $10,000 60% A European firm was contracted to sell the product and will receive a commission of 10% of the sales price. No U.S. home office expenses will be allocated to the new facility. The margin of safety percentage for Stanley's Candies is A) 50.00%. B) 86.51%. C) […]

113) From a purely financial standpoint, if a product line has a negative contribution margin, the product line should be discontinued. 114) Fixed costs that exist even after a product is discontinued are called unavoidable fixed costs. 115) When deciding whether to discontinue a product, managers should only consider the costs that will be saved. 116) If a product has a negative contribution margin, it should not be discontinued. 117) Fixed costs that will continue to exist if a product is discontinued are relevant. 118) Unavoidable fixed costs are A) irrelevant to the decision of whether to discontinue a product […]

130) Which of the following is an example of a financial budget? A) Budgeted balance sheet B) Sales budget C) Budgeted income statement D) Operating expenses budget 131) All of the following are considered when preparing the cash budget except A) payments for inventory. B) cash receipts from customers. C) depreciation expense. D) cash payments to suppliers. 132) The final step in the preparation of the financial budget is the preparation of which of the following? A) Master budget B) Cash budget C) Operating budgets D) Budgeted balance sheet 133) Distribution Corporation collects 40% of a month's sales in the […]