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Lower taxes.
auditors.
creditors.
managers.
investors.
Click here and download ACC 561 Final Exam
110. Which of the following financial statements is concerned with the company at
a point in time?
Income statement.
Balance sheet.
among firms.
within industries.
linear analysis.
vertical analysis.
trend analysis.
92. Horizontal analysis is a technique for evaluating a series of financial statement data over a
period of time
that has been arranged from the highest number to the lowest number.
to determine the amount and/or percentage increase or decrease that has taken place.
that has been arranged from the lowest number to the highest number.
111. Vertical analysis is a technique that expresses each item in a financial statement
overhead rate.
product activity.
cost driver.
cost pool.
40. Activity-based costing
allocates overhead to multiple activity cost pools, and it then assigns the
activity cost pools to products and services by means of cost drivers.
assigns activity cost pools to products and services, then allocates overhead
back to the activity cost pools.
accumulates overhead in one cost pool, then assigns the overhead to products
and services by means of a cost driver.
40. A cost which remains constant per unit at various levels of activity is a
mixed cost.
fixed cost.
manufacturing cost.
variable cost.
105. The break-even point is where
$1,500,000
$4,000,000
1,500 units
4,000 units
94. When a company assigns the costs of direct materials, direct labor, and both variable and fixed
manufacturing overhead to products, that company is using
product costing.
operations costing.
absorption costing.
variable costing.
Want to see the complete Individual Assignment Check..?? Click ACC 561 Week 2 Ratio Analysis
Assignment
122. If a division manager's compensation is based upon the division's net income, the
manager may decide to meet the net income targets by increasing production when
using
flexible accounting.
static reporting.
responsibility accounting.
master budgeting.
142. Variance reports are
all of these.
40. Internal reports that review the actual impact of decisions are
prepared by
the controller.
management accountants.
factory workers.
department heads.
To download the complete answer check ACC 561 Week 1 Complete
42. The process of evaluating financial data that change under alternative courses of action is called
cost-benefit analysis.
incremental analysis.