BUS 5431 Final Exam 3, Questions With Answers.Your test grade is 93.33%
The professor has configured this test to allow students to:
Show Questions Answered Correctly
Show Questions Answered Incorrectly
Show All Resp
...
BUS 5431 Final Exam 3, Questions With Answers.Your test grade is 93.33%
The professor has configured this test to allow students to:
Show Questions Answered Correctly
Show Questions Answered Incorrectly
Show All Responses Selected By Student
Show What The Correct Response Should Be
QUESTION: 1
[QUESTION BANK ID: 127712]
TYPE: MULTIPLE CHOICE
CORRECT
ShipShape Company makes 2 different types of boats, commercial fishing and sail boats both for recreation and competition. The company consists of two
different departments, design & engineering, and production. The company has decided to allocate overhead costs in each of the two cost pools. Data on
estimated overhead follows:
Activity
Driver
Estimated
Overhead
Cost
Sailboat
Estimate
Fishing
Estimate
Product
Design
# of
designs $180,000 22
designs
18
designs
Production Labor
hours $945,000 4,000
hours
3,500
hours
What overhead rate will be used in each department?
A
Design & Engineering Production
$11,250/design $126.00/labor hour
B
Design & Engineering Production
$11,250/design $150.00/labor hour
C
Design & Engineering Production
$4,500/design $126.00/labor hour
D
Design & Engineering Production
$4,500/design $150.00/labor hour
QUESTION: 2
[QUESTION BANK ID: 20178]
TYPE: MULTIPLE CHOICE
CORRECT
Keira Knightley Company buys a piece of equipment for $36,442 that will last for 7 years. The equipment will generate cash flows of $7,000 per year and will
have no salvage value at the end of its life. Ignore taxes unless told to include them. What is the payback period?
[Show More]