User Account

All Pages

Which activities are generally value-added activities

Assignment Help Cost Accounting
Reference no: EM131116661

1. When using information for internal purposes, management is more concerned with information that is

A timely, relevant and reliable.
B completely objective and verifiable.
C exclusively internally generated.
D exclusively externally focused.

2. Animus Ltd is a mining company. Which of the following is an example of ‘planning'?

A Awarding bonuses to AimusLtd's top performing executives
B Setting production targets for the company's new mines
C Developing correction actions to respond to
D lower-than-expected production levels in the existing mines

Pursuing legal actions against environmental activists who stole mining equipment

3. Which of the following activities is LEAST LIKELY be considered to be a non-value-added activity in a factory that produces jeans?

A Rescheduling production
B Moving materials
C Sewing in zippers
D Inspecting jeans

4. Which of the following activities would MOST LIKELY be classified as a non-value-added activity in a factory that manufactures microwave ovens?

A Inserting glass shelves into the frames
B Storing finished goods
C Installing timing devices
D Conducting tests in line with ISO certification requirements

5. Which of the following activities are generally value-added activities?

A i and ii
B iii and iv
C i and iv
D ii and iv

6. From the following list of costs for a kitchen manufacturer, determine the amount of value-added cost.

A $57 000
B $54 000
C $58 000
D $59 000

7. The monthly cost of renting manufacturing equipment is:

A. part of conversion cost and a period cost
B. part of prime cost and an inventoriable cost
C. part of prime cost and a period cost
D. part of conversion cost and an inventoriable cost

8. Idle time is:

A. frequently an avoidable cost
B. classified as overhead
C. caused by events such as equipment breakdown and new set-ups of production runs
D. All of the given answers

9. Forecasting a cost at a particular level of activity is called:

A cost estimation
B cost prediction
C costbehaviour
D cost functions

10. Costs that remain fixed over wide ranges of activity but jump to a different amount outside that range are called:

A. step-fixed costs
B. step-variable costs
C. semivariable costs
D. curvilinear costs.

Reference no: EM131116661

Questions Cloud

Literature review based on annotated bibliography assignment : List the possible ethical issues, such as consideration of characteristics of your sample, type of data collection, potential for bias, and so forth. Identify and cite the APA ethical standard concerning the issue.
Public sector relate to economic efficiency : How does the problem of limited and bundled choice in the public sector relate to economic efficiency? Why are public bureaucracies possibly less efficient than firms.
Why specific wavelengths need to be used to maximize : For example, sound can not be detected with an optical sensor because sound is a longitudinal pressure wave and optical devices respond to EM radiation not sound waves.
Economic efficiency in public good market : Explain how government intervention can improve economic efficiency in public good market.
Which activities are generally value-added activities : Which of the following activities are generally value-added activities? From the following list of costs for a kitchen manufacturer, determine the amount of value-added cost.
Participating in a market : Describe how the government differs from private firms and individuals participating in a market.
Discuss your prognosis and provide justification using dsm-v : Pick a character from a favorite book (fiction) or from a favorite movie. Choose a character that you believe has a psychological disorder. Describe the character and his or her problems, using this discussion as a foundation for diagnosing the in..
Development of the americas : Select the most successful and influential colony and compare it with another European colonial structure. Be sure to include historical themes in your written argument.
Calculate the net electric flux through hull of submarine : Is the number of electric field lines leaving the submarine greater than, equal to, or less than the number entering it?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the companys margin and turnover

Compute the companys margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations. Round your final answers to 2 decimal places.

  Prepare the journal entry necessary

Prepare the journal entry necessary on December 31, 2014 if the company estimates that bad debt expense should be 2% of net credit sales.

  Total amounts of the company assets

Number of business transactions carried out by Smalling Manufacturing Company - Indicate the effects of each of these transactions on the total amounts of the companys assets.

  What is after-tax cash-flow effect of increase in cash

For a firm facing a marginal income tax rate of 34 percent, what is the after-tax cash-flow effect of: a $1,000 increase in contribution margin during the year, and a $500 increase in cash operating expenses?

  Computing cash from operations

Computing Cash from Operations - Brinkerhoff provides the following income statement information for 2008

  Calculate the break-even time for the new product

Princeton Corporation's research and development department is presenting a proposal for new product research. Calculate the break-even time for the new product. What can Princeton Corporation do to reduce break-even time?

  Calculate the dividends paid and dividends per share

Myers Inc. has stock outstanding as follows: 20,000 shares of $4.00 cumulative, nonparticipating preferred stock of $100 par, and 60,000 shares of $20 par common stock.

  Determine the balance in the inventory account

Determine the inventory balance as of December 31, 2010, and (2) the amount of gross margin Phambroom would report on its 2010 income statement.

  Aztec company sells its product

Aztec Company sells its product for $ 180 per unit. Its actual and projected sales follow.

  Will low of standard costs result in improve profit margins

Will the lowering of the standard costs (by reducing the standard time for the assembly operations) result in improved profit margins and increased productivity?

  Question we care is an outpatient surgical clinic that was

question we care is an outpatient surgical clinic that was profitable for many years but medicare has cut its

  Which cost is relevant present cost or replacement cost

Which cost is relevant present cost or replacement cost

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd