Homework Answers
Answer
Definition of Cost center
A cost center is often a department within a company. The manager and employees of a cost center are responsible for its costs but are not directly responsible for revenues or investment decisions.
So the A is correct, Cost Center.
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An operating unit that is responsible for only costs is commonly referred to as an: Multiple...
When managers are held responsible for costs and the input-output relationship is well specified, a[n). is...
When managers are held responsible for costs and the input-output relationship is well specified, a[n). is established. Multiple Choice Ο cost center Ο O revenue center Ο O discretionary cost center Ο O asset center
please answer all 4 multiple choice questions A responsibility center in which a manager is responsible...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
Starlight Co. makes and sells only one product. The unit contribution margin is $10 and the...
Starlight Co. makes and sells only one product. The unit contribution margin is $10 and the break-even point in unit sales is 25,000. The company's fixed costs are: (8 04:29:52 Multiple Choice Ο $110,000. Print Ο $120,400. Ο $146,000. Ο 525οοο. $250,000. Ο None of the answers is correct. A recent income statement of McClennon Corporation reported the following data: Units sold Sales revenue Variable costs Fixed costs 8 04:29:26 8,200 $11,070,000 6,560,000 2,700,000 If the company desired to earn...
The responsibility center in which the manager has responsibility and authority over revenues and costs, but...
The responsibility center in which the manager has responsibility and authority over revenues and costs, but not assets, is the Multiple Choice revenue center investment center, profit center. cost center The minimum required rate of return for a project is the: Multiple Choice Ο accounting rate of return. Ο hurdle rate. Ο annual rate of return. Ο internal rate of return.
A tax on the value of automobiles, boats, or furniture is referred to as: Multiple Choice...
A tax on the value of automobiles, boats, or furniture is referred to as: Multiple Choice points (οια Ο personal property tax Ο ) inheritance tax Ο excise tax Ο general sales tax Ο estate tax
Mapie Corp. has a selling price of $28, variable costs of $16 per unit, and fixed...
Mapie Corp. has a selling price of $28, variable costs of $16 per unit, and fixed costs of $28,500. Maple expects profit of $319,000 at its anticipated level of production. What is Maple's unit contribution margin? Multiple Choice ο $12.00 ο $28.00 ο $14.00 ο $36.00
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs...
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs are $319. Annual fixed costs are $958,500. Current sales volume is $4,330,000. Compute the contribution margin per unit. Multiple Choice Ο Ο Ο Ο Ο A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's total fixed costs are $96,900 The contribution margin per unit is: Multiple Choice Ο $8.06. Ο $5.33. Ο $6.89. Ο $12.22....
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs...
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs are $324. Annual fixed costs are $984.400. Current sales volume is $4.340,000. Compute the break-even point in units. Multiple Choice Ο Ο 1,641. Ο 3,567. Ο 4,697. Ο Ο 3,038. Ο Ο 528. Forrester Company is considering buying new equipment that would increase monthly fixed costs from $577.500 to $741.000 and would decrease the current variable costs of $75 by $10 per unit. The...
Paying an above-equilibrium wage rate might reduce unit labor costs by Multiple Choice increasing the supply...
Paying an above-equilibrium wage rate might reduce unit labor costs by Multiple Choice increasing the supply of labor. 0 increasing the opportunity cost to workers of being fired for sharing 0 increasing voluntary worker turnover. permitting the firm to attract lower quality labor 0 < Prev 19 of 40 Next > 23 8 7 8 Economists would not consider which one of the following to be a productive economic resource? Multiple Choice erreno O capital goods money N Defined narrowly...
A product sells for $150 per unit, and its variable costs are 58% of sales. The...
A product sells for $150 per unit, and its variable costs are 58% of sales. The fixed costs are $478.800 What is the break even point in sales dollars? (Do not found intermediate calculations Multiple Choice Ο. Ο S82550 Ο Ο S7600. Ο SIM000. Ο Ο $478.800 Ο
When managers are held responsible for costs and the input-output relationship is well specified, a[n). is established. Multiple Choice Ο cost center Ο O revenue center Ο O discretionary cost center Ο O asset center
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
Starlight Co. makes and sells only one product. The unit contribution margin is $10 and the break-even point in unit sales is 25,000. The company's fixed costs are: (8 04:29:52 Multiple Choice Ο $110,000. Print Ο $120,400. Ο $146,000. Ο 525οοο. $250,000. Ο None of the answers is correct. A recent income statement of McClennon Corporation reported the following data: Units sold Sales revenue Variable costs Fixed costs 8 04:29:26 8,200 $11,070,000 6,560,000 2,700,000 If the company desired to earn...
The responsibility center in which the manager has responsibility and authority over revenues and costs, but not assets, is the Multiple Choice revenue center investment center, profit center. cost center The minimum required rate of return for a project is the: Multiple Choice Ο accounting rate of return. Ο hurdle rate. Ο annual rate of return. Ο internal rate of return.
A tax on the value of automobiles, boats, or furniture is referred to as: Multiple Choice points (οια Ο personal property tax Ο ) inheritance tax Ο excise tax Ο general sales tax Ο estate tax
Mapie Corp. has a selling price of $28, variable costs of $16 per unit, and fixed costs of $28,500. Maple expects profit of $319,000 at its anticipated level of production. What is Maple's unit contribution margin? Multiple Choice ο $12.00 ο $28.00 ο $14.00 ο $36.00
Flannigan Company manufactures and sells a single product that sells for $580 per unit, variable costs are $319. Annual fixed costs are $958,500. Current sales volume is $4,330,000. Compute the contribution margin per unit. Multiple Choice Ο Ο Ο Ο Ο A company's product sells at $12.22 per unit and has a $5.33 per unit variable cost. The company's total fixed costs are $96,900 The contribution margin per unit is: Multiple Choice Ο $8.06. Ο $5.33. Ο $6.89. Ο $12.22....
Flannigan Company manufactures and sells a single product that sells for $600 per unit: variable costs are $324. Annual fixed costs are $984.400. Current sales volume is $4.340,000. Compute the break-even point in units. Multiple Choice Ο Ο 1,641. Ο 3,567. Ο 4,697. Ο Ο 3,038. Ο Ο 528. Forrester Company is considering buying new equipment that would increase monthly fixed costs from $577.500 to $741.000 and would decrease the current variable costs of $75 by $10 per unit. The...
Paying an above-equilibrium wage rate might reduce unit labor costs by Multiple Choice increasing the supply of labor. 0 increasing the opportunity cost to workers of being fired for sharing 0 increasing voluntary worker turnover. permitting the firm to attract lower quality labor 0 < Prev 19 of 40 Next > 23 8 7 8 Economists would not consider which one of the following to be a productive economic resource? Multiple Choice erreno O capital goods money N Defined narrowly...
A product sells for $150 per unit, and its variable costs are 58% of sales. The fixed costs are $478.800 What is the break even point in sales dollars? (Do not found intermediate calculations Multiple Choice Ο. Ο S82550 Ο Ο S7600. Ο SIM000. Ο Ο $478.800 Ο
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