100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BUS 252 Accounting Test Bank 20- California Lutheran University $16.98   Add to cart

Exam (elaborations)

BUS 252 Accounting Test Bank 20- California Lutheran University

 1 view  0 purchase
  • Course
  • Institution

BUS 252 Accounting Test Bank 20- California Lutheran University/BUS 252 Accounting Test Bank 20- California Lutheran University/BUS 252 Accounting Test Bank 20- California Lutheran University/BUS 252 Accounting Test Bank 20- California Lutheran University

Preview 4 out of 94  pages

  • January 18, 2022
  • 94
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
avatar-seller
105. The wages and salaries in the planning budget for May would be closest to:



A. $18,34
4
B. $18,60
6
C. $18,72
0
D. $18,93
6

Cost = Fixed cost + (Variable cost per unit × q)
= $3,600 + ($5.40 × 2,800) = $18,720


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 09-01 Prepare a flexible budget.

106. The administrative expenses in the planning budget for May would be closest to:



A. $7,02
6
B. $6,92
7
C. $7,33
6
D. $7,32
0

Cost = Fixed cost + (Variable cost per unit × q)
= $6,200 + ($0.40 × 2,800) = $7,320


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 09-01 Prepare a flexible budget.

,107. The net operating income in the planning budget for May would be closest to:



A. $10,92
0
B. $10,43
7
C. $11,35
6
D. $10,73
7




Net operating income = ($10.90 × 2,800) - $19,600 = $10,920


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 09-01 Prepare a flexible budget.

, Chirico Clinic uses client-visits as its measure of activity. During February, the clinic
budgeted for 2,500 client-visits, but its actual level of activity was 2,550 client-visits.
The clinic has provided the following data concerning the formulas used in its
budgeting and its actual results for February:

Data used in budgeting:




Actual results for February:




108. The personnel expenses in the planning budget for February would be closest to:



A. $68,64
2
B. $70,01
5
C. $69,12
5
D. $68,35
0

Cost = Fixed cost + (Variable cost per unit × q)
= $29,600 + ($15.50 × 2,500) = $68,350


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 09-01 Prepare a flexible budget.

, 109. The occupancy expenses in the flexible budget for February would be closest to:



A. $14,45
0
B. $14,57
5
C. $14,94
8
D. $14,36
8

Cost = Fixed cost + (Variable cost per unit × q)
= $8,200 + ($2.50 × 2,550) = $14,575


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 09-01 Prepare a flexible budget.

110. The net operating income in the flexible budget for February would be closest to:



A. $16,90
0
B. $23,45
0
C. $18,14
0
D. $22,53
9




Net operating income = ($24.80 × 2,550) - $45,100 = $18,140


AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 09-01 Prepare a flexible budget.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Millenialnurse. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.98. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76669 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$16.98
  • (0)
  Add to cart